VA Loan Calculator for Maryland - 2021
Maryland veterans can easily estimate the VA home mortgage amount and monthly loan payment with homeowner’s insurance and real estate taxes. The Maryland calculator will also determine the VA funding fee for active duty vets and reservists. Are you aware that the Veterans Administration does not require a down payment with VA mortgages? It is true, no down payment - zero down, and the seller is permitted to pay your closing costs. Houses are costly in Maryland but thankfully, there are no maximum mortgage limits with VA loans; just lender guaranty limits. Learn about Veteran Loans. Last updated 1/2021
Blue Water Navy Vietnam Veterans Act of 2019
Eligible veterans seeking a VA home loan are no longer limited by a maximum loan amount, thanks to the passage of the Blue Water Navy Vietnam Veterans Act of 2019. The new law also unified the funding fee rates for active duty, national guard and reservists. Before the enactment of the Blue Water Navy Vietnam Veterans Act, reservists were obligated to pay a higher funding fee. Disabled veterans receiving a service connected benefit continue to be exempted from the funding fee. The new law also exempts purple heart recipients from paying the funding fee.