An Important VA Loan Change

In 2020, you can use 100% financing for a VA loan even if the house you’re buying is over the loan limit.

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An important change has been applied to the VA loan in 2020, and today I’m joined by Dave Marzinke of Movement Mortgage to discuss this change and why it benefits you. Previously, you had to come up with a down payment if you were buying a house whose purchase price was over the county loan limit. The down payment was 25% of the difference between the purchase price and the loan limit. Now, you can use 100% financing even if the house you’re buying is over the loan limit.

If you have any questions about this topic or need help buying your next property with no money down, call or email me anytime. I’d love to help.