Exemptions to the 2020 VA loan limit changes
The Blue Water Navy Vietnam Veterans Act of 2019 just went into effect on January 1, 2020. In a video with our loan officer, Maurice, we've talked before about how these changes affect the VA loan program, especially regarding the removal of VA loan limits. (Check out that video here: https://youtu.be/OhbHtAg-aFw)
However, one thing we didn't get a chance to elaborate on were the restrictions to this rule change. While it's true that loan limits have been removed, for the most part, there are three main exemptions to the lifting of VA loan limits. These include lender overlays, veterans with partial entitlement, and potential updates that may be pending from the VA.
To understand more about each of these exemptions, and to see if they might apply to you, keep watching as our president and CEO, Eric Kandell, dives in and explains when you might still have limits placed on your VA loan.
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Here at Low VA Rates, our name is our promise, and we back it up with cold, hard cash. Right now, get $250 if we can’t beat another lender’s rate.
Give us a call today! 844-326-3305
Not ready to call? Text us! 385-257-3266
=====================
Like, subscribe, and follow us to stay connected with the latest VA home loan info.
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This video is not intended for residents or homeowners in the states of WA, NY or MA.
Low VA Rates NMLS# 1109426
Видео Exemptions to the 2020 VA loan limit changes канала Low VA Rates
However, one thing we didn't get a chance to elaborate on were the restrictions to this rule change. While it's true that loan limits have been removed, for the most part, there are three main exemptions to the lifting of VA loan limits. These include lender overlays, veterans with partial entitlement, and potential updates that may be pending from the VA.
To understand more about each of these exemptions, and to see if they might apply to you, keep watching as our president and CEO, Eric Kandell, dives in and explains when you might still have limits placed on your VA loan.
=====================
Here at Low VA Rates, our name is our promise, and we back it up with cold, hard cash. Right now, get $250 if we can’t beat another lender’s rate.
Give us a call today! 844-326-3305
Not ready to call? Text us! 385-257-3266
=====================
Like, subscribe, and follow us to stay connected with the latest VA home loan info.
YouTube - https://www.youtube.com/lowvarates
Facebook - https://www.facebook.com/lowvarates
Instagram - https://www.instagram.com/lowvarates
Twitter - https://twitter.com/lowvarates
Pinterest - https://pinterest.com/lowvarates
This video is not intended for residents or homeowners in the states of WA, NY or MA.
Low VA Rates NMLS# 1109426
Видео Exemptions to the 2020 VA loan limit changes канала Low VA Rates
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