VA Mortgage Insurance Maximum Increases

The Department of Veteran Affairs announced that the maximum amount of Veteran mortgage insurance has now increased from $90,000 to $150,000. It has also been announced that starting January 1, 2012, that this maximum will increase to $200,000. Current policy holders of this insurance that is offered to disabled veterans living in adapted housing may opt out of the increase and stay with their current coverage. They also have the option to chose a different amount of coverage if they are not satisfied with this maximum amount they are able to receive. VMLI is one of the many options available to veterans of the US including VA home mortgage loans. This loan offers 100% financing and is available to all veterans, including those returning unharmed. To learn more about it, click HERE and contact your local branch.