The purchaser of a home using a "VA loan program" through the U.S. Department of Veterans Affairs may cancel the purchase for various reasons, such as a "low appraisal". Alternatively, they can choose to buy the property by paying the difference between the appraised value and the sales price as a "cash down payment".


These are questions that the above text answers:

1. What is the name of the loan program offered by the U.S. Department of Veterans Affairs?
2. What are some reasons a purchaser may cancel a home purchase using the VA loan program?
3. How can a purchaser proceed with buying a property if the appraisal value is lower than the sales price?
4. What is the term used to describe the difference between the appraised value and the sales price?
5. What is the alternative option for purchasing a property using the VA loan program?
6. Who offers the VA loan program?
7. What is the role of the U.S. Department of Veterans Affairs in the VA loan program?
8. What is the significance of a low appraisal in the VA loan program?
9. How does a purchaser cancel a home purchase using the VA loan program?
10. What is the purpose of a cash down payment in the VA loan program?