In August of 2012, Congress reinstated higher loan limits for VA loans through December of 2014. The legislation also made the ARM programs permanent. NAR is working with Congress and the Department of Veterans Affairs to enhance the program.
NAR continues to work to ensure that are able to negotiate all reasonable and customary fees as part of the real estate transaction. Today's veterans are losing out on some home sale purchases due to their inability to pay certain fees like pest inspections or certifications. We are working with the VA to provide more flexibility to veteran borrowers.