President Obama signed The Honoring America’s Veterans and Caring for Camp Lejeune Families Act (H.R. 1627) on August 6, 2012. This act, intended to help those sickened by water at Camp Lejeune, also improves the VA Home Loan Guaranty Program.
The new law makes VA loans available to more surviving spouses, provides easier funding fee waivers for disabled vets and helps single and dual-duty parents with occupancy hurdles. Additionally, and at long last, VA loan limits of $1 million are again possible in high-cost areas.