Maximum VA Loan Amount
Find out what the Maximum VA loan limits are in your county, and how to Purchase or Refinance your home into a VA loan that is OVER the county loan limits.
Many Soldiers and Veterans don't realize that you CAN use your VA eligibility to purchase a home or refinance your exsisting home, where the purchase price is over the VA county loan limit
What We Offer:
VA Loan amounts up to $3,000,000
Low Interest Rates and special VA Jumbo Pricing
Zero down to Low down payment requirements -depending on the 2017 VA County Loan Limits
Financing with Credit Scores as low as 600
NO Mortgage insurance Required
Close your loan in under 30 Days!
How to calculate VA High Balance Down Payment requirements:
To figure out how much of a VA loan you qualify for, the VA publishes a list of county loan limits every year.
If the Purchase price of your home is under the VA county loan limit, ZERO down payment is required.
Is it possible to go over the VA County Loan Limit?
YES, it is possible to go over the county limit, BUT there will be a down payment requirement.
You will be required to put down 25 cents for every dollar over the VA Loan Limit.
Say you want to buy a home for $650,000 but the VA Loan limit for the county where your home is located is $425,000. That is $225,000 over your county limit. Your down payment would only be 25% of the difference between the two or $225000*.25= $56,250. In this example, that is only 8.6% down. Way less than you will find with any other loan products out there.