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Becca Schellpeper

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VA to Remove Loan Limit Restriction & Raise Funding Fees in 2020

Posted by Becca Schellpeper on Oct 7, 2019 12:35:30 PM

The signing of the Blue Water Navy Vietnam Veterans Act of 2019 brings changes to VA home loans for the year 2020. The bill extends disability benefits to a larger number of veterans who served in the Vietnam War and were potentially exposed to disease linked chemicals. The Veteran’s Administration will be looking at claims from previously denied veterans as well as new claims that are submitted. Budget estimates for the expanded disability coverages could be as high as $5.5 billion. To account for the budget increase the VA is implementing changes on home loans for veterans.

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