Irene, an eligible veteran, wants a VA loan to buy a home valued at $500,000. Her guaranty entitlement is $104,250. Assuming the lender follows the general practice concerning the relationship of the guaranty amount to the loan amount, how large a down payment will Irene need to make in order to buy the house? The guaranty entitlement is the maximum amount that the VA will guarantee on a home loan. In Irene's case, her guaranty entitlement is $104,250