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    Veteran Assistance – Recent Updates and How They Made VA Home Loans Even Better

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    If you are a military member, you might have probably heard of a couple of changes made last year to your VA home loan benefits. Changes that came from former President Donald Trump’s signing of the Bluewater Navy Act into law on June 25th, 2019, honor our military members and their families.

    VA Home Loan Limit Changes  

    The most significant change to VA loans due to the new law was removing VA county loan limits for VA loan recipients with only one existing VA loan. Previously loan limits were determined by the county where the property’s location was. However, it did somewhat vary depending on the median home value in the county.

    As of January 2020, there are no longer any loan limits established by the VA; however, the lenders who administer the loans still set limits depending on the applicant’s ability to make their payments. Some lenders like VA Home Loan Centers offer limits of up to $5,000,000 for qualifying applicants.    

    Borrowers with more than one existing VA loan are still required to adhere to the county loan limits; however, a change was made on that front. As previously stated, loan limits were, on average, at $484,350 in 2019, increased to the new average of $510,400 in 2020, and have since continued growing and currently sits at $548,250 in 2021.  

    Furthermore, Native American Veterans who qualify for the VA Native American Direct Loan have also removed their loan limits. As a result of the signing of this new law, Native Americans can now build or purchase a home on Federal Trust Land without being limited by the previous loan limit of $417,000. 

    VA Loan Funding Fee Changes

    In addition to removing loan limits, the Navy Bluewater Act’s signing into law also brought changes to the VA funding fee, which will last for at least two years. These temporary changes have increased from 0.15% to 0.30% to the funding fee amount paid by qualifying service members. Simultaneously, members of the National Guard and military reserves have seen their funding fee payments reduced.

    These changes to the funding fee also allow purple heart recipients to waive their funding fee as long as they close their property while still on active duty. Moreover, disabled veterans who were already not subject to the funding fee have not had their status changed and can continue not paying it.

    Information on VA Home Loans

    VA loans have existed since 1944 and came into existence as an of congress to reward veterans returning home from World War 2. The loan is exclusive to veterans, active duty, and the surviving spouses of veterans who either lost their lives while in active duty or are Missing In Action.

    Today, the loan offers some of the best benefits available out of any home loan possible. These benefits include the ability to purchase a home for $0 down, low monthly payments, no-prepayment penalties, low interest rates, and no mortgage premiums. Also, these loans offer 15 to 30-year fixed-rate mortgages.

    Being eligible for these loans is also straightforward, with active duty recipients having to have served for at least 90 days during wartime or 181 days during peacetime. Moreover, members of the National Guard or reserves must have at least six years of service to qualify for the VA loan.


    This new law has exemplified the government’s commitment to taking care of military members and their families. By removing these loan limits, the government has enabled our brave service members the opportunity to own homes in more affluent communities without having to adhere to loan limits.

    Phil Georgiades is the CLS for VA Home Loan Centers. A government-sponsored brokerage specialized in the administering of VA loans. For more than 22 years, Phil has been a practicing real estate professional. To learn more about whether a VA loan is right for you or to apply for a VA loan, call us at (877) 432-5626.


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