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An increase from $17,500 to $25,000 as the maximum guaranty for Veterans Administration home loans is one of several important features of the "Veterans Housing Benefits Act of 1978." according to the Roanoke VA Regional Office.
The legislation, which was signed on October 18 by President Carter also permits certain severely disabled veterans to obtain a VA grant of up to $30,000 to buy or adapt a residence to meet their special needs, VA said. VA grants for these so-called "wheelchair homes" were formerly limited to $25,000,
VA pointed out that the new bill should be of special benefit to an estimated 168,000 Vietnam Era veterans because it reduces the length of active duty service required for eligibility for VA home, condominium or mobile home loan
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