VA LOAN LIMIT INCREASED: Good news for veterans! As of 2020, eligible veterans can use a 0% down VA loan to buy a home in the Tampa Bay area for up to $510,400. While a veteran could still use a VA loan on a home priced above $510,400, a down payment would be required on the overage. As always - VA loans do not require mortgage insurance, but they have a funding fee that is rolled into the loan. Want to compare down payments and closing costs? Check out the Estimates tab when you search for a home on transpero.com.