Washington Report

Advocacy Updates from Washington D.C.

NAR Urges Congress to Extend VA Limits

The VA loan limits have remained at higher levels since 2008, at 150% of the GSE loan limits.  But that provision will expire on Dec. 31, 2014, if Congress does not act. The VA Home Loan Guaranty provides veterans and active-duty military personnel with a zero-downpayment home loan.  Those loans perform better than any other loan product on the market.  Currently, veterans living in high cost areas can use their guaranty to purchase home.  But this ability is in jeopardy.  The National Association of REALTORS® this week sent a letter to House and Senate Appropriators, urging them to make the loan limits permanent.  Veterans should not be penalized based on where they chose to live.  NAR is a strong supporter of the VA Home Loan program, and encourages REALTORS® to always ask their buyers if they qualify for a VA Home Loan.

Letter to House

Letter to Senate

More info on VA Home Loan Guaranty

NAR's Military Relocation Professional certification

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.