A good Va financial and no down payment criteria is just one of your big advantages out of providing on the armed forces. And you will 2022 veteran homeowners even have more to shop for fuel than ever.

The brand new average U.S house speed hit $405,one hundred thousand on the basic-time this past March – a growth regarding twenty six.5% more than 2 years – centered on studies away from Agent.

To compensate to possess ascending home prices, the newest Federal Houses Money Service (FHFA) recently launched it can increase the 2022 compliant financing maximum into the home loans backed by the Company out of Experts Situations (VA). The large raise raised the former limitation to $647,200 – alongside good $100,100000 increase.

The $647,200 restriction is for extremely You.S. counties but may visited as much as $1M for almost all higher-prices components, states Mayer Dallal, dealing with movie director of Home loan Bank out-of Ca (MBANC), a nationwide lender. This is exactly a steep increase in the compliant financing limitation of $548,250 for the 2021. (more…)