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Greater Capital Area Association of Realtors®

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VA Loan Limits to Be Lifted in 2020

Jul 22, 2019

Last month, President Donald Trump signed a bill into law that allows the Department of Veterans Affairs to back loans that exceed the  loan limit.The bill, H.R. 299, enables homebuyers using a VA loan to borrow above the 2019 limit of $484,350 for most counties, without any down payment. 

 
In addition to alleviating limits for veterans looking to purchase a home, H.R. 299 temporarily increase rates for certain loans by 0.15-0.30%. Learn more.

 

Source: housingwire.com