Articles & Information2018-04-14T22:34:21+00:00

Changes to VA Loans in 2018

This post was originally published on mortgages.com. The VA loan program has been helping veterans become homeowners since 1944. While there have only been a few major changes to the program, it does get updated fairly regularly to reflect housing prices across the country. Here are the changes you can expect for 2018. 2018 VA loan limits Home prices rose in 2017 thanks to low unemployment and low inventory of homes. The VA loan program is accommodating that rise in home prices by raising limits for single-family homes, which is going up to $453,100 from $424,100. This is the highest loan you can get without having to make a down payment that the VA will guarantee. It might sound like a lot, but if you consider some of the more high-cost areas of the country, that number seems much more reasonable. For example, the median home value in Bergen County, NJ is $461,300 according to Zillow, which [...]

January 4th, 2018|Categories: Home Finance General, Uncategorized, VA|0 Comments

Vaughn Littrell - Home Finance in Colorado

Go to Top