VA Loan Changes in 2014 Reviewed in a New Loan Love Guide

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A new article from helps to explain the adjustments being made to the VA loan program this year. is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. To this end, reassures their readers by helping them to understand the VA loan changes 2014 will bring in a brand new article. This new article restores confidence to VA loan borrowers by telling them the notable “changes” tied to VA loans and how they may not be such a bad thing for VA loan borrowers after all.

Loan Love’s article starts off by bringing up the recent news that has left loan borrowers worried: VA loan changes. These changes have left current VA loan borrowers anxious to know what these new alterations may mean for them in the future. The article describes the current situation by stating: “If you are planning to take advantage of a VA loan to purchase a home this year, it’s important to know whether any changes could affect your loan.” Furthermore, while there are changes to mortgage loans in 2014, VA loan borrowers need not worry too much, as explained in the article: “The biggest change for mortgages in 2014 is likely to have no impact on VA loans; However, a new class of loans, called Qualified Mortgages or QMs, has been created, along with a new regulatory body for oversight, the Consumer Financial Protection Bureau.”

These QMs are nothing new to the mortgage loan world. In fact, these changes are not news to most lenders, as most them have been managing loans as if the changes have already been implemented over a year ago. Regardless, much confusion came with the arrival of qualified mortgage press coverage, leaving veterans and service members left wondering what the new changes will be and how they will manage their VA loans, now. The VA loan guide calms these uncertainties by explaining to readers the following: “The most important thing to know about QM requirements is that the VA loan program has long been following these guidelines, so VA borrowers should not anticipate any new bumps in the road.”

Although VA loan requirements are not slated to change, there are some new VA loan limits for 2014. As stated, “There are a few small changes for 2014 that may affect your VA loan, depending on your location. Although the standard limit for most counties across the nation remains at $417,000, just as it was in 2013, there are certain areas where the cost of living is particularly high that the VA has allowed higher loan limits.” However, as always, even with these imposed loan limits, VA loan borrowers may be able to workaround this. VA loan borrowers may be able to obtain loans out of the normal loan limit range if they are able and willing to make a down payment.

With all the changes that are happening to mortgage loans in 2014, the Loan Love article reaffirms that VA loan borrowers can expect no changes to their VA funding fee - “The funding fee in 2014 remains at 2.15 percent for first time use, rising to 3.3 percent for subsequent use. You could be exempt from the funding fee if you are receiving compensation for a service-related disability or have otherwise been identified as having a disability due to your military service. Surviving spouses of veterans who died on active duty or from a service-related disability are also exempt from the funding fee” says the article.

To learn more about the recent VA loan program changes in 2014, please visit for the full article.

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Kevin Blue
Loan Love
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