Certificate of Reasonable Value (CRV)

Definition of "Certificate of Reasonable Value (CRV)"
  1. An appraisal done by the Veterans Administration setting the highest possible VA mortgage loan value for a particular property
How to use "Certificate of Reasonable Value (CRV)" in a sentence
  1. Before buying the house, he obtained a Certificate of Reasonable Value (CRV) to determine the maximum loan he could borrow.
  2. The bank based the loan amount on the Certificate of Reasonable Value (CRV).
  3. The Certificate of Reasonable Value (CRV) placed a cap on the mortgage loan for the property.
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