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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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VA Mortgage Loan Cap Eliminated

VA Mortgage Loan Cap Eliminated

July 8th, 2019 | VA Loans

U.S. military veterans can now apply for VA mortgage loan that now exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA). The Blue Water Navy Vietnam Veterans Act, unanimously approved by the Senate and signed into law Tuesday by President Trump, removed the previous loan cap of $484,350 for VA loans. However, there will be some increase in VA fees as the law also provides disability compensation for veterans who suffer from Agent Orange-related diseases. The increase in fees will help to pay for those health care benefits.