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VA releases 2014 loan limits

VA releases 2014 loan limits

Those who are looking to get a VA loan coming up should already know, there is no real loan limit for VA loans. This means, if you are buying a home say $600,$700,$800,000 you can obtain VA conforming (normal) interest rates.

Now it doesn’t mean you can put no money down, but you would be surprised how little you would have to put down, on what is normally a jumbo loan for you.

From there, if your loan is conforming amounts the major metro area have been INCREASED to $425,000 this coming year. So that is great news!

From there, if you have questions about outlying areas let me know.

“Happy New Years to my Veteran brothers and sisters and peace be with you!”

Ray Williams
Branch Manager Summit Mortgage – Denver
Mortgage Maestro Group

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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

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Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

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