VA loan cap removal questions

[Taylor Chiu]

Hey everyone, the VA loan cap was removed last week. Great news! That brings to mind a couple of questions:

- Are va loans still capped at no more than 4 units? Or is my dream of getting a 50 unit apt complex with a va loan now possible?

- Does this affect the overall va total loan eligibility (across potentially multiple loans)?

[Chris Mason]

Originally posted by @Taylor Chiu:

Hey everyone, the VA loan cap was removed last week. Great news! That brings to mind a couple of questions:

- Are va loans still capped at no more than 4 units? Or is my dream of getting a 50 unit apt complex with a va loan now possible?

- Does this affect the overall va total loan eligibility (across potentially multiple loans)?

 - Yes.

- Unknown. 

Effective implementation ETA that "they" are saying is Jan 1, 2020.

Quick friendly civics reminder: Congress creates laws. Bureaucrats and political appointees implement them. And, if needed, the judiciary ensures that the implementation matches the letter of the law, should anyone challenge it. This law has not yet been implemented. 

No lender is going to risk doing a VA loan based on what they guess the guidelines might read in 5 months...