VA Increases Home Loan To $729,000
The Department of Veterans Affairs (VA) is raising ceilings on its "no-downpayment" home loans from $417,000 to $729,000. VA home loans are available for veterans to purchase existing or new construction of single-family homes, condominiums or cooperative apartments. VA Primary grants from $50,000 to $60,000 toward constructing a new home or modifying an existing home to meet adaptive needs of veterans or active duty service members with certain service-connected disabilities. The increases are effective immediately under legislation recently enacted with President Bush signing the Housing and Economic Recovery Act of 2008.
For information about Florida properties currently for sale, contact our office (772) 905-8173 or email info@boldrealestategroup.com. View exclusive inventory of homes at www.Florida-Great-Homes.com or www.BoldRealEstateGroup.com. For information about VA home loans, view list of preferred lenders.