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