New VA Loan Updates For 2020

New VA Loan Updates For 2020

Starting in 2020, there is now no VA loan limit!  The removal of loan limits doesn’t mean unlimited borrowing power without a down payment. You’ll still need to have sufficient income and meet a lender’s credit requirements to qualify for the loan amount, but this helps in higher priced markets. They are increasing the funding fees a little, from 2.15% to 2.3% for first use VA loans, and 3.3% to 3.6% for subsequent loans.  If you are a veteran and thinking about buying, contact me today and I can put you in touch with a great lender that will go over all of the details of the home loan process!

Cheryl Riley Headshot
Phone: 480-779-9592
Dated: November 30th 2019
Views: 323
About Cheryl: Cheryl Riley is an Associate Broker with American AllStar Realty. To continue to serve her clients t...

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