New VA loan limits for 2019

Great news for all veterans for 2019, the FHFA has increased the loan limits in most areas from $453,100 to $484,350 starting January 1, 2019. Veterans can still get a larger loan if they qualfiy for it; they would just need to put 25% down for the difference between the new loan limit and the home they want to qualify for. For example, if they qualify for a loan $584,350, so about $100,000 more than the new loan limit., the veteran would only need to put a $25,000 downpayment to get the loan.