source:
  type: regulation
  id: va-38usc-3711
  authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711 — Direct loans to veterans
  description: 'VA Home Loan Guaranty (38 U.S.C. ch. 37), §3711 Direct loans to veterans. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: va-38usc-3711-a
  canonical_id: va-38usc-3711-a
  section: 38 U.S.C. §3711(a)
  description: 'Direct loans to veterans — (a): (a) The Congress finds that housing credit for purposes specified
    in section 3710 or 3712 of this title is not and has not been generally available to veterans living in rural
    areas, or in small cities and towns not near large metropolitan areas. It is therefore the purpose of this section
    to provid…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (a) The Congress finds that housing credit for purposes specified in section 3710 or 3712 of
      this title is not and has not been generally available to veterans living in rural areas, or in small cities
      and towns not near large metropolitan areas. It is therefore the purpose of this section to provide housing
      credit for veterans living in such rural areas and such small cities and towns.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (a) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-b
  canonical_id: va-38usc-3711-b
  section: 38 U.S.C. §3711(b)
  description: 'Direct loans to veterans — (b): (b) Whenever the Secretary finds that private capital is not generally
    available in any rural area or small city or town for the financing of loans guaranteed for purposes specified
    in section 3710 or 3712 of this title, the Secretary shall designate such rural area or small city or town as
    a “housi…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (b) Whenever the Secretary finds that private capital is not generally available in any rural
      area or small city or town for the financing of loans guaranteed for purposes specified in section 3710 or
      3712 of this title, the Secretary shall designate such rural area or small city or town as a “housing credit
      shortage area”. The Secretary shall, with respect to any such area, make, or enter into commitments to make,
      to any veteran eligible under this title, a loan for any or all of the purposes described in section 3710(a)
      or 3712 of this title (other than the refinancing of a loan under section 3710(a)(8) or 3712(a)(1)(F)).
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (b) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-c
  canonical_id: va-38usc-3711-c
  section: 38 U.S.C. §3711(c)
  description: 'Direct loans to veterans — (c): (c) No loan may be made under this section to a veteran unless the
    veteran shows to the satisfaction of the Secretary that— (1) the veteran is unable to obtain from a private
    lender in such housing credit shortage area, at an interest rate not in excess of the rate authorized for guaranteed
    home loa…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (c) No loan may be made under this section to a veteran unless the veteran shows to the satisfaction
      of the Secretary that— (1) the veteran is unable to obtain from a private lender in such housing credit shortage
      area, at an interest rate not in excess of the rate authorized for guaranteed home loans or manufactured home
      loans, as appropriate, a loan for such purpose for which the veteran is qualified under section 3710 or 3712
      of this title, as appropriate; and (2) the veteran is unable to obtain a loan for such purpose from the Secretary
      of Agriculture under title III of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1921 et seq.)
      or title V of the Housing Act of 1949 ( 42 U.S.C. 1471 et seq.).
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (c) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-d
  canonical_id: va-38usc-3711-d
  section: 38 U.S.C. §3711(d)
  description: 'Direct loans to veterans — (d): (d) (1) Loans made under this section shall bear interest at a rate
    determined by the Secretary, not to exceed the rate authorized for guaranteed home loans, or manufactured home
    loans, as appropriate, and shall be subject to such requirements or limitations prescribed for loans guaranteed
    under thi…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (d) (1) Loans made under this section shall bear interest at a rate determined by the Secretary,
      not to exceed the rate authorized for guaranteed home loans, or manufactured home loans, as appropriate, and
      shall be subject to such requirements or limitations prescribed for loans guaranteed under this title as may
      be applicable. (2) (A) Except for any loan made under this chapter for the purposes described in section 3712
      of this title , the original principal amount of any loan made under this section shall not exceed an amount
      which bears the same ratio to $33,000 as the amount of guaranty to which the veteran is entitled under section
      3710 of this title at the time the loan is made bears to $36,000; and the guaranty entitlement of any veteran
      who heretofore or hereafter has been granted a loan under this section shall be charged with an amount which
      bears the same ratio to $36,000 as the amount of the loan bears to $33,000. (B) The original principal amount
      of any loan made under this section for the purposes described in section 3712 of this title shall not exceed
      the amount that bears the same ratio to $33,000 as the amount of guaranty to which the veteran is entitled
      under such section at the time the loan is made bears to $20,000. The amount of the guaranty entitlement for
      purposes specified in section 3710 of this title of any veteran who is granted a loan under this section,
      or who before October 18, 1978 , was granted a loan under this section, shall be charged with the amount that
      bears the same ratio to $20,000 as the amount of the loan bears to $33,000. (3) No veteran may obtain loans
      under this section aggregating more than $33,000.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (d) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-e
  canonical_id: va-38usc-3711-e
  section: 38 U.S.C. §3711(e)
  description: 'Direct loans to veterans — (e): (e) Loans made under this section shall be repaid in monthly installments,
    except that in the case of any such loan made for any of the purposes described in paragraphs (2), (3), or (4)
    of section 3710(a) of this title , the Secretary may provide that such loan shall be repaid in quarterly, semiannu…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (e) Loans made under this section shall be repaid in monthly installments, except that in the
      case of any such loan made for any of the purposes described in paragraphs (2), (3), or (4) of section 3710(a)
      of this title , the Secretary may provide that such loan shall be repaid in quarterly, semiannual, or annual
      installments.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (e) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-f
  canonical_id: va-38usc-3711-f
  section: 38 U.S.C. §3711(f)
  description: 'Direct loans to veterans — (f): (f) In connection with any loan under this section, the Secretary
    may make advances in cash to pay taxes and assessments on the real estate, to provide for repairs, alterations,
    and improvements, and to meet the incidental expenses of the transaction. The Secretary shall determine the
    expenses incid…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (f) In connection with any loan under this section, the Secretary may make advances in cash
      to pay taxes and assessments on the real estate, to provide for repairs, alterations, and improvements, and
      to meet the incidental expenses of the transaction. The Secretary shall determine the expenses incident to
      origination of loans made under this section, which expenses, or a reasonable flat allowance in lieu thereof,
      shall be paid by the veteran in addition to the loan closing costs.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (f) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-g
  canonical_id: va-38usc-3711-g
  section: 38 U.S.C. §3711(g)
  description: 'Direct loans to veterans — (g): (g) The Secretary may sell, and shall offer for sale, to any person
    or entity approved for such purpose by the Secretary, any loan made under this section at a price which the
    Secretary determines to be reasonable under the conditions prevailing in the mortgage market when the agreement
    to sell the …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (g) The Secretary may sell, and shall offer for sale, to any person or entity approved for
      such purpose by the Secretary, any loan made under this section at a price which the Secretary determines
      to be reasonable under the conditions prevailing in the mortgage market when the agreement to sell the loan
      is made; and shall guarantee any loan thus sold subject to the same conditions, terms, and limitations which
      would be applicable were the loan guaranteed for purposes specified in section 3710 or 3712 of this title,
      as appropriate.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (g) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-h
  canonical_id: va-38usc-3711-h
  section: 38 U.S.C. §3711(h)
  description: 'Direct loans to veterans — (h): (h) The Secretary may exempt dwellings constructed through assistance
    provided by this section from the minimum land planning and subdivision requirements prescribed pursuant to
    subsection (a) of section 3704 of this title , and with respect to such dwellings may prescribe special minimum
    land plann…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (h) The Secretary may exempt dwellings constructed through assistance provided by this section
      from the minimum land planning and subdivision requirements prescribed pursuant to subsection (a) of section
      3704 of this title , and with respect to such dwellings may prescribe special minimum land planning and subdivision
      requirements which shall be in keeping with the general housing facilities in the locality but shall require
      that such dwellings meet minimum requirements of structural soundness and general acceptability.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (h) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-i
  canonical_id: va-38usc-3711-i
  section: 38 U.S.C. §3711(i)
  description: 'Direct loans to veterans — (i): (i) The Secretary is authorized, without regard to the provisions
    of subsections (a), (b), and (c) of this section, to make or enter into a commitment to make a loan to any veteran
    to assist the veteran in acquiring a specially adapted housing unit authorized under chapter 21 of this title
    , if the …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (i) The Secretary is authorized, without regard to the provisions of subsections (a), (b),
      and (c) of this section, to make or enter into a commitment to make a loan to any veteran to assist the veteran
      in acquiring a specially adapted housing unit authorized under chapter 21 of this title , if the veteran is
      determined to be eligible for the benefits of such chapter 21, and is eligible for loan guaranty benefits
      under this chapter.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (i) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-j
  canonical_id: va-38usc-3711-j
  section: 38 U.S.C. §3711(j)
  description: 'Direct loans to veterans — (j): (j) (1) If any builder or sponsor proposes to construct one or more
    dwellings in a housing credit shortage area, or in any area for a veteran who is determined to be eligible for
    assistance in acquiring a specially adapted housing unit under chapter 21 of this title , the Secretary may
    enter into co…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (j) (1) If any builder or sponsor proposes to construct one or more dwellings in a housing
      credit shortage area, or in any area for a veteran who is determined to be eligible for assistance in acquiring
      a specially adapted housing unit under chapter 21 of this title , the Secretary may enter into commitment
      with such builder or sponsor, under which funds available for loans under this section will be reserved for
      a period not in excess of three months, or such longer period as the Secretary may authorize to meet the needs
      in any particular case, for the purpose of making loans to veterans to purchase such dwellings. Such commitment
      may not be assigned or transferred except with the written approval of the Secretary. The Secretary shall
      not enter into any such commitment unless such builder or sponsor pays a nonrefundable commitment fee to the
      Secretary in an amount determined by the Secretary, not to exceed 2 percent of the funds reserved for such
      builder or sponsor. (2) Whenever the Secretary finds that a dwelling with respect to which funds are being
      reserved under this subsection has been sold, or contracted to be sold, to a veteran eligible for a direct
      loan under this section, the Secretary shall enter into a commitment to make the veteran a loan for the purchase
      of such dwelling. With respect to any loan made to an eligible veteran under this subsection, the Secretary
      may make advances during the construction of the dwelling, up to a maximum in advances of (A) the cost of
      the land plus (B) 80 percent of the value of the construction in place.
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (j) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: va-38usc-3711-k
  canonical_id: va-38usc-3711-k
  section: 38 U.S.C. §3711(k)
  description: 'Direct loans to veterans — (k): (k) Without regard to any other provision of this chapter, the Secretary
    may take or cause to be taken such action as in the Secretary’s judgment may be necessary or appropriate for
    or in connection with the custody, management, protection, and realization or sale of investments under this
    section, …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: VA Home Loan Guaranty (38 U.S.C. ch. 37) § 3711
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/38/3711
    snapshot_id: 0dc43ce35bc46e2e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:040a675ea28d731c45860ff57d3fdde650c5c8bd315cd5b8b9386981fdb51633
    paragraph_quote: (k) Without regard to any other provision of this chapter, the Secretary may take or cause
      to be taken such action as in the Secretary’s judgment may be necessary or appropriate for or in connection
      with the custody, management, protection, and realization or sale of investments under this section, may determine
      the Secretary’s necessary expenses and expenditures, and the manner in which the same shall be incurred, allowed
      and paid, may make such rules, regulations, and orders as the Secretary may deem necessary or appropriate
      for carrying out the Secretary’s functions under this section and, except as otherwise expressly provided
      in this chapter, may employ, utilize, compensate, and, to the extent not inconsistent with the Secretary’s
      basic responsibilities under this chapter, delegate any of the Secretary’s functions under this section to
      such persons and such corporate or other agencies, including agencies of the United States, as the Secretary
      may designate. ( Pub. L. 85–857 , Sept. 2, 1958 , 72 Stat. 1208 , § 1811; Pub. L. 86–665, § 2 , July 14, 1960
      , 74 Stat. 531 ; Pub. L. 87–84, § 2 , July 6, 1961 , 75 Stat. 201 ; Pub. L. 88–402 , Aug. 4, 1964 , 78 Stat.
      380 ; Pub. L. 89–358, § 5(e) , Mar. 3, 1966 , 80 Stat. 26 ; Pub. L. 90–77, title IV, § 404 , Aug. 31, 1967
      , 81 Stat. 190 ; Pub. L. 90–301, § 1(b) , May 7, 1968 , 82 Stat. 113 ; Pub. L. 91–22, § 3 , June 6, 1969 ,
      83 Stat. 32 ; Pub. L. 91–506, § 4 , Oct. 23, 1970 , 84 Stat. 1109 ; Pub. L. 92–66 , Aug. 5, 1971 , 85 Stat.
      173 ; Pub. L. 93–569, § 4 , Dec. 31, 1974 , 88 Stat. 1864 ; Pub. L. 94–324 , §§ 3, 7(12)–(15), June 30, 1976
      , 90 Stat. 720 , 721; Pub. L. 95–476, title I, § 105(b) , Oct. 18, 1978 , 92 Stat. 1499 ; Pub. L. 96–385,
      title IV , §§ 401(c)(2), 402(b), Oct. 7, 1980 , 94 Stat. 1533 ; Pub. L. 97–295, § 4(65) , Oct. 12, 1982 ,
      96 Stat. 1309 ; Pub. L. 97–306, title IV, § 406(c)(1) , Oct. 14, 1982 , 96 Stat. 1445 ; Pub. L. 100–198, §
      3(c) , Dec. 21, 1987 , 101 Stat. 1316 ; Pub. L. 100–322, title IV, § 415(c)(5) , (d)(2) May 20, 1988 , 102
      Stat. 551 , 552; Pub. L. 101–237, title III, § 313(b)(1) , Dec. 18, 1989 , 103 Stat. 2077 ; renumbered § 3711
      and amended Pub. L. 102–83, § 5(a) , (c)(1), Aug. 6, 1991 , 105 Stat. 406 ; Pub. L. 105–368, title VI, § 602(e)(1)(B)
      , Nov. 11, 1998 , 112 Stat. 3346 .)
    drafter_attestation: Verbatim slice of 38 U.S.C. §3711 subsection (k) from Cornell LII snapshot 0dc43ce35bc46e2e;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
