Exciting News for Your Veteran and Military Borrowers!

The Blue Water Navy Vietnam Veterans Act of 2019 has made it even easier for your Veteran and Military clients to purchase the home of their dreams with American Mortgage Corporation, Inc.

Historically, VA loan amounts equivalent to the FHFA Conforming Loan Limits required a down payment. This new legislation removes that down payment requirement, paving the way for VA loans without a down payment regardless of the loan size. 

Take a look at these scenarios to better understand the impact.

Scenario prior to 2020:

• Purchase Price: $1,000,000
• FHFA County Loan Limit: $484,350
• Down Payment Required: $128,912.50

Updated Scenario for 2020: 

Purchase Price: $1,000,000

FHFA County Loan Limit: $510,400

Down Payment Required: $0

To learn how American Mortgage Corporation can assist military families with your homebuying needs, contact us today! 

With licensing in Florida, Illinois, Texas and Washington with more states to come we assist customers the way they want. Face to face, over the phone or online. Visit us on the web: www.americanmortgagecorporation.com or call us: Florida 239-800-9188 or Illinois, Texas and Washington 630-463-6114. NMLS# 1203481