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VA loan helps vets buy pricier homes...

 

Most home mortgages have a so-called loan limit, which caps how much a home buyer can borrow to purchase a home.

The VA loan is an exception.

Instead of a loan amount limit, the VA loan has a loan guaranty limit.

The difference has major implications for veteran borrowers who want to purchase a home with a VA loan and no down payment.

Read more:
http://www.bankrate.com/finance/mortgages/va-loan-guaranty-1.aspx?ic_id=Top_Financial%20News%20Center_link_4
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