Alex Tijerina for nicolepompey.com

 

Jessica Guerin, writing for Housingwire:

“The Department of Veterans Affairs can now back loans that exceed the conforming loan limit, as a bill eliminating this cap was signed into law by President Donald Trump on Tuesday night.

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.”

If this new law does what it purports to do, Veterans stand to benefit a great deal. I don’t know about you, but seeing more of our beloved Veterans become first-time homeowners would be a fine thing to see.