Content: The Veterans Land Board (VLB) recently announced an increase in the VLB home loan amount from $647,200 to $726,200. This increase applies to all qualifying veterans, with veterans that have a VA service-connected disability rating of 30% or greater still qualifying for a discounted interest rate. Eligible veterans and military members can now apply for VA, FHA, or conventional financing using the Veterans Housing Assistance Program (VHAP) and a VLB participating lender. Veterans who use VA-backed home-buying benefits along with a VLB home loan may be eligible for a home loan with no down-payment and no private mortgage insurance (PMI). To learn more about the home loan program and a list of VLB lenders, visit the VLB website.
