Zero Down VA home loans with NO upper Loan Limits in 2020

Starting in 2020 VA will no longer require a down payment on loans greater than the conforming loan limit.  Zero Down VA loans NO upper loan limit starting Jan 1^st, 2020.

Currently, zero down VA loan limits are the same as those set by the Federal Housing Finance Agency on conforming loans. The limit in 2019 is $484,350 in a typical U.S. county and higher in high-cost counties. So if you were buying a house for $485,000 or more in an area that is not considered high-cost you would need a down payment based on your entitlement.  This all changes starting Jan 1st, 2020!

 

VA funding fee changes in 2020:

2.3% up from 2.15% First use Zero down loans
3.6% up from 3.30% Subsequent use loans
EXEMPT Active Duty service members who received a Purple Heart.

The Funding fee can be paid upfront or rolled into your loan.

• VA Loan Low Credit Score ZERO DOWN LOAN 500 Minimum Credit
• VA IRRRL No Credit Score Required
• VA Loan – Manual Underwrite – 500 Minimum Score
• NO Overlay Lender