Changes to VA-guaranteed home loans

Cap on VA no-down payment loans to be eliminated Jan. 1

By 507th Air Refueling Wing Public Affairs on December 20, 2019

Beginning Jan. 1, 2020, the VA Funding Fee will increase for some veterans, however, the effective "cap" on VA no-down payment loans will be eliminated, according to the Veterans Affairs website.

Signed into law in June 2019, the Blue Water Navy Vietnam Veterans Act of 2019 provides service-connected disability benefits to many veterans who served in the offshore waters of Vietnam, and in some cases their surviving family members. Blue Water Navy veterans are now eligible for many VA disability benefits due to their exposure to a multitude of herbicides during their service during the Vietnam War.

In addition, as part of the Blue Water Navy legislation, Congress also authorized the following changes to the VA Home Loan benefit beginning Jan. 1, for ALL eligible veterans:

Veterans with questions about benefits or filing a claim can visit the VA Agent Orange website and Compensation for Surviving Spouse and Dependents (DIC) website. They can also call 1.800.749.838.