The department of Veterans Affairs will use a locality based approach in raising ceilings on its n0-down payment home loans from $417,000.00 to as much as $729,000.00. The increase are effective immediately under the Housing and Economic Recovery Act of 2008. The increased limits for veterans are based on local housing costs, tied to the similar locality adjustments of the Federal House Loan mortgage Corporation., Freddie Mac. More information about VA home loans is available at www.homeloans.va.gov. Source: Department of Veterans Affairs. Feel free to contact me at: findit@LehighValleyRealty.com
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