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VA Loan Limits

The VA does not set a cap on how much you can borrow to finance your home. However, there are VA loan limits on the amount the VA can assume. The VA loan limits are the amount a qualified borrower with full entitlement may be able to borrow without making a down payment. These VA loan limits vary by county due to the value of homes being different upon location.

VA loan limits can sometime be confusing so to make it simple, VA borrowers have two layers of loan entitlement. The first entitlement is $36,000, and the second is $68,250 which adds to a total of $104,250. Since the VA guarantees about 25% of the loan amount, the most VA borrowers can obtain up to $417,000 ($104,250 x 4) without putting any money down.

Now since some counties have a more expensive real estate market, the VA decided to increase the VA loan limits in certain areas. For example, the VA loan limit in Hawaii exceeds $700,000. Down payments are only required if you go over the county limit. Here is a list of all the counties, click here.

To speak with a VA loan benefits specialist, call the number above or fill out the short form and a specialist will contact you.