Loan Cap Eliminated on VA Mortgages

VA Loans

U.S. military veterans can now apply for VA mortgage funding on loans that exceed the conforming loan limit. 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.