The VA is decreasing its loan limits effective January 1, 2015to match the loan limits established by the Federal Housing Finance Agency (FHFA). Those limits range from $417,000 to $625,500. 

Click here for more information, including county-specific limits. 

The VA will protect loan applications in process in the event of a decrease on the loan limit. As long as the sales contract and residential loan application were fully executed on or before December 31, 2014, the Veteran can use the higher loan limit that was in effect for that county in 2014. 

VA Interest Rate Reduction Refinance Loans (IRRRLs) are not impacted by the loan limit change. Please contact your HomeBridge Mortgage Loan Originator for more information.

Related Articles

As interest rates increase and the housing market slows down, wouldn't it be great if a home buyer could just take over a current low rate mortgage on a home?  Of course, and with the VA home loan, YES YOU CAN! Are VA loans assumable?   YES! Does the person assuming…
Read More

[caption id="attachment_104560" align="alignright" width="278"] The Chapman VA Loan Team at HomeBridge Financial now features the VA Renovation Loan[/caption] What is a HomeBridge VA Renovation Loan? As the #1 renovation lender in the U.S., HomeBridge Financial is proud to be one of the few VA lenders in the country to feature…
Read More

Higher loan limits have just been announced for 2018.  This is great news for anyone looking to purchase a home in the coming year.  It is not yet confirmed that FHA and VA will increase accordingly, but most likely they will.  If you are currently in escrow and/or closing after…
Read More

The 2018 VA Loan Limits have been released. The VA loan program does not have a maximum amount a veteran can borrow using a VA loan. For 2018, the ZERO down payment limit will increase to $453,100. San Diego has increased from $612,950 to $649,750. The Chapman Lending Team at…
Read More