2009 VA County Loan Limits for High-Cost Counties

0
31

The Department of Veterans Affairs’ Loan Guaranty program does not impose a maximum amount that an eligible veteran may borrow using a VA-guaranteed loan. However, the following county “limits” must be used to calculate VA’s maximum guaranty amount for a particular county. These limits apply to all loans closed January 1, 2009 through December 31, 2009. 2010 county loan limits will be made available as soon as possible.

The maximum guaranty amount (available for loans over $144,000) is 25 percent of the 2009 VA Limit shown below. Therefore, a veteran with full entitlement available may borrow up to the 2009 VA Limit shown below and VA will guarantee 25 percent of the loan amount. If a veteran has previously used entitlement that has not been restored, the maximum guaranty amount available to that veteran must be reduced accordingly. Lenders should check their own investor requirements regarding guaranty amounts and down payments. Questions about VA loans in a particular county may be directed to the VA Regional Loan Center (RLC) listed for that county.

SHARE
Previous articleVA Home Mortgage Rates at Lowest Level Since January
Next articleHow do I obtain information regarding rules and regulations that govern VA loan under writers?
VT Money is part of the Veterans Today Network (VTN). VTN is a full service media, information, marketing and promotion network managed by dedicated people that serve the U.S. Military Veterans Community With over 2,000,000 plus unique visitors with millions more of page hits per month, our media network is now the largest network for U.S. Veterans in the United States of America. As we continue forward, our people from all over the world work to bring dynamic interactive content, information, services, and products to serve our U.S. Military Veterans market contributing to the greater good of our dynamic community. Created in 2003, the network has each and every year as it gained acceptance in this niche marketplace and now is the largest, brightest and most dynamic in the USA. So click around the links and access our network of U.S. Military and Veterans sites. We stand proud of promoting our network that stands for and supports U.S. Military Veterans.

Comments Closed