A veteran has applied for a VA loan to finance a house that he wants to buy. The Certificate of Reasonable Value indicates that the property is worth $115,000 but the sellers will not accept less than $125,000. Can the veteran still use VA financing to buy the house?

Not unless the sellers agree to drop the price since the Certificate of Reasonable Value is the highest price that can be paid.

Yes, as long as the veteran gets a second mortgage to make up the difference between the certified value and the price.

Yes, the veteran can use his own savings to pay the amount in excess of the VA certified value as a down payment and use the VA financing for the rest.

No, the veteran cannot use his VA guarantee because the home is priced higher than the reasonable value.