VA Loan Limits

One of the more common questions that many Veterans have when getting a home loan is “what are the VA loan limits in my area?”

VA Loan Limits And The VA Guaranty Program

For those who are wondering about VA loan limits, the good news is that the VA doesn’t actually have VA loan limits by county like FHA loans do. That said, there are limits in some of the nation’s high-cost counties that are calculated by evaluating the conforming loan limit and the area’s median home price.

It is possible that a Veteran could get a VA loan for a loan amount up to and even beyond $729,000 depending if they live in a county determined to be a high-cost county by the VA.

Rather than have a VA loan limit, what the VA does limit is its guaranty to lenders in those situations where a loan amount exceeds $417,000. When a loan amount exceeds $417k, then the VA guaranty to the lender is the lesser of two things:

* 25 percent of the VA county loan limit, or
* 25 percent of the loan amount

When applying for a VA loan, keep in mind that each VA lender will approve each Veteran based on their overall unique financial situation, the home that they are financing and any other key information related to the overall loan application.