VA Loans Soar in Texas, and California

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The city of Houston has one of the fastest growing VA Home Loan industries in the state as far as real estate goes. But why is that you may ask? Houston’s employment opportunities and easy access to VA Loans were on the rise in 2011 and are expected to increase in 2012 despite the slow economy of the U.S.

Now lets add this to the presidents announcements that troops stationed in Iraq are scheduled to return and you have yourself a free for all for who’s going to get the best deals on houses that were marked down in the housing crisis of 08. With houses down in price and veterans coming back with benefits to boot now seems to be a good time to put those benefits to work, invest and let the profits begin.

VA Lenders such as VA Mortage Center are also implementing a zero Money down policy which is a big upside to this years added incentive to get veterans homes which are affordable and within their means to pay off. Cause this time around we would like to see Americans get loans and keep their homes unlike during the housing crisis, it would be a nice change don’t ya think.

On another note the way loan limits are calculated is scheduled to change this year 2012. The limits in the 48 States in the U.S. that are in between Mexico and Canada will range from $417,000 dollars to a possible maximum of $625,500, depending on the median county price.

These limits are not the actual limit to which a lender can lend a veteran for a home loan, it is merely the limit to which lenders can loan to a veteran for a home and still recieve a 25 guarantee.

What does this mean? 

It means lenders will be more eager to loan only up to the limit since it almost guarntees a return on their investment. Basically it is a security for them to have so that they know the risks are minimal, and when they believe risks are minimal thats good for them and good for veteran who wants a loan because their more likely to get that loan. These are the cards we are dealt by this capitalist system so we might as well make a pair of twos into a royal flush. Click here to see your cards in the poker game that is American home purchasing roulette.

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