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Category Archives: VA limits

VA Loan Reader Questions: VA Loan Limit Increase?

VA Loan Reader Questions: VA Loan Limit Increase?

A reader asks, "I heard the VA limit is increasing for SAN DIEGO COUNTY in 2012. Is there any confirmation of that?" The Department of Veterans Affairs recently published revised VA loan maximum guaranty limit, which have changed because of the...

VA Loan Limits Change for 2012

VA Loan Limits Change for 2012

The Department of Veterans Affairs has released a circular announcing changes to the VA loan maximum guaranty for the remainder of 2012. According to VA Circular 26-12-7, Maximum Guaranty for Loans Closed August 6, 2012 to December 31, 2012, recent...

The VA Loan Entitlement

The VA Loan Entitlement

"How much is my VA loan entitlement?" That's one of the most frequently asked questions about VA home loans. If you're new to the program it's good to know such amounts, what they mean, and understand exactly what you're able...

VA Loan Reader Questions: How Does Bad Credit Affect My Chances?

VA Loan Reader Questions: How Does Bad Credit Affect My Chances?

A reader asks, "My husband is 100% service connected disabled. We are wanting to inquire about getting a VA home loan...problem being we both have horrible credit. Would we be eligible, or not?" Technically speaking, a VA loan applicant is eligible...

VA County Loan Limits for 2012 Posted

VA County Loan Limits for 2012 Posted

Earlier this year we reported on the Department of Veterans Affairs addressing possible changes to its VA loan maximum loan limits in October. According to the VA official site, "The Veterans’ Benefits Improvement Act of 2008 provided a temporary increase...

Verifying VA Loan Funding Fee Exemptions

Verifying VA Loan Funding Fee Exemptions

When a borrower is exempt from paying the VA loan funding fee, or anticipates becoming exempt because of pending compensation for VA recognized disabilities, there's a specific procedure used by the lender to verify that exemption.

In September of 2011, those...

VA Loan Limits Update

VA Loan Limits Update

The VA loan limit is one of the most important aspects of the VA home loan program for borrowers and lenders alike. While the Department of Veterans Affairs does not have a maximum dollar amount established for VA home loans,...

FHA Changed Its Loan Limits–Are VA Loan Limits Affected?

FHA Changed Its Loan Limits–Are VA Loan Limits Affected?

Recently in the Federal Housing Administration released a statement announcing a lower loan limit for high-cost counties in the most expensive markets. According to a Friday, August 19, 2011 press release, “On October 1, 2011, the Federal Housing Administration (FHA) will...

VA Loan Limits For October Through December 31st 2011

VA Loan Limits For October Through December 31st 2011

Every year, the Department of Veterans Affairs official site posts a list of updated VA loan limits broken down by state and county. These loan limit dollar amounts are determined by taking into consideration factors unique to each area where...

VA Loans: Why Can’t I Borrow the Maximum Loan Amount?

VA Loans: Why Can’t I Borrow the Maximum Loan Amount?

Borrowers new to the VA loan process may have trouble understanding one of the finer points of VA loans--the maximum loan amount (set by county) versus what the borrower is actually permitted to borrow. There are three factors at work...