The Blue Water Navy Vietnam Veterans Act allows homebuyers to borrow above the 2019 limit of $484,350 for most counties without any down payment.
The move comes after a decades-long fight for veterans to receive health care benefits for diseases related to Agent Orange exposure, according to military.com, which said the bill will “fast-track disability compensation” for as many as 90,000 affected former service members.
The cost of these benefits were to be financed by raising VA loan fees 0.35% to 0.5% for non-disabled veterans, according to military.com.
This will also allow our military members to purchase homes above county limits without worrying about the 25% down payment for doing so.
Spread the word out military members!
** Update this is to go into effect after January 1st, 2020 for all VA loans in the United States