The VA Loan Program is designed to help eligible Veterans and active duty personnel, purchase property with no down payment and to also supply home financing. Specifically, it is a government mortgage that is guaranteed by the Veterans Administration.
If you are an eligible Veteran interested in applying for a VA loan, the good news is that the Veterans Administration has increased the Conventional VA Loan Limit for 2019.
For Montgomery County Tennessee the one unit limit is now: $484,350, Two unit limit is now: $620,200, Three unit limit is now: $749,650 and Four unit limit is now: $931,600. Stewart County Tennessee is the same. Robertson County Tennessee varies slightly due to the cost of housing in that area. One unit is $534,750, Two unit limit is now: $684,550, Three unit limit is now: $827,500 and four unit limit is now: $1,028,350. If you live in another County, or another State, you can find out your limit by clicking here.
If you are thinking about buying a home, and would like to learn more regarding VA loans and/or other loans available, please call/text Tamela at 931-237-1417 and she will get you in touch with a lender who can discuss your options further.