The Veterans Benefits Act of 2004 increased the maximum guaranty amount of $60,000 for certain loans in excess of $144,000, to an amount equal to 25 percent of the Freddie Mac loan limit determined under the Federal Home Loan Mortgage Corporation Act for a single family residence, adjusted for the year involved.
For example, the maximum guaranty for 2008 is $104,250 - 25 percent of the 2008 Freddie Mac loan limit for a single family home costing $417,000.
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