This calculator is meant to be for demonstra on purposes only. VA offers zero down loans for qual- ifying Veterans up to the Fannie Mae loan limit (which changes annually). This is not a cap on how much an eligible veteran can borrow. Rather, this limit helps determine how much qualified veter- ans can borrow before needing to make a down payment.
VA borrowers can purchase a home with loans exceeding the Fannie Mae Loan Limits, but doing so requires a down payment—typically equal to 25 percent of the difference between the VA loan limit and the purchase price of the home.
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