va loans: New Limits and Increased Fees for VA Loans
- 01/16/20 01:05 PM
Veterans nationwide may, or may not have, noticed recent changes enacted by the Blue Water Navy Vietnam Veterans Act of 2019 which became effective on January 1, 2020.
This Act eliminated loan limits for VA loans, and also raised some fees for VA loans.
ALL Veterans may now apply for a No Down Payment VA Loan up to 1.5 million dollars with this change. Veterans must still be required to qualify based on income and credit. There are also restrictions on these limits depending upon whether they have an existing VA loan, or have defaulted on a previous VA loan.
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