VA Home Loan Limits Have Been Lifted!
Great news for veterans eligible for the VA home loan program; the loan limits have been lifted!
What does this mean? It means if the veteran member qualifies, they can receive a substantially higher loan with no down payment, while most loan programs require the individual to put a down payment ranging from five percent to twenty percent to be able to qualify.
Many welcome the changes and find them long overdue since home prices have continued to increase, outpacing the VA loan threshold. Paired with lowered VA loan fees, and a historic 3.9% increase in military basic housing allowance, the time has never been better for veterans to become homeowners!
Smith, Russell. 2019: VA Loan Benefits: https://www.ovmfinancial.com/va-loan-limits-2019/
Military BAH Benefits: https://militarybenefits.info/2020-bah-basic-allowance-for-housing-rates/
Contact me today, and let's get you into the home of your dreams!