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VA loan helps vets buy pricier homes

By Marcie Geffner -

Most home mortgages have a so-called loan limit, which caps how much a home buyer can borrow to purchase a home.

The VA loan is an exception.

Instead of a loan amount limit, the VA loan has a loan guaranty limit.

The difference has major implications for veteran borrowers who want to purchase a home with a VA loan and no down payment.

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