VA Loan Calculator for Pennsylvania - 2020
Estimate your monthly mortgage payment for a VA home loan in Pennsylvania, including the property taxes and homeowner’s insurance. The VA calculator will also estimate the VA funding fee. The funding fee is a requirement of the VA home loan program. Disabled veterans receiving a service connected-disability payment and purple heart recipients are exempt from paying the funding fee. The funding fee may be paid in cash at closing or included in the mortgage. The Blue Water Navy Vietnam Veterans Act of 2019 eliminated the maximum loan limits, however, the maximum mortgage amount is determined by the lender. Last updated 1/2021
Blue Water Navy Vietnam Veterans Act of 2019
Veterans and active-duty service members will be able to
borrow more money for the purchase of a home and loan
refinance; but veterans will be required to pay higher
funding fees beginning in 2020.
The Blue Water Navy Vietnam Veterans Act of 2019 eliminates the VA loan limits for qualified veterans with full entitlement. Regrettably, the new law also increases the VA funding fee for most veterans. Starting in 2020, the new funding fees will be the same for the main branches, National Guard and reservists. Currently, Reserve and National Guard service members pay slightly higher fees. Veterans receiving VA compensation for a service-connected disability, or purple heart recipients are exempt from paying the funding fee