Caliber wants to help our Business partners understand what the effect of the Blue Water Navy Vietnam Veterans Act of 2019 has on a qualified veteran looking to purchase a home going forward. This Act removes the VA Loan cap, significantly impacting the down payment amount required for VA loan home financing.
Historically, VA loan amounts equivalent to the FHA Conforming Loan Limits required a down payment. This new legislation removes that down payment requirement, paving the way for VA loans with a down payment, regardless of the loan size. The result? More military families in more homes nationwide.
Knowing if your borrower is eligible for a VA loan doesn’t have to be difficult with the support of Caliber Wholesale.
Caliber’s VA Mission Statement: Caliber Home Loans is committed to being a trusted resource in meeting the specific mortgage needs of the brave men and women of the United States Armed Forces who serve, or have served our country with resolute sacrifice. The employees of Caliber strive to be ambassadors of goodwill and financial education in our military communities.
*Caliber Home Loans, Inc. is not affiliated with the United States government or any government entity.