Keep track of VA loan requirements for veteran home mortgages. You will soon realize how little red tape there really is in using this mortgage to buy or refinance a home. Some of the things needed for your loan application are your social security number and employment history.

VA LOAN RATES

National Averages for October 31, 2014

30 YEAR FIXED

3.375% Rate
3.474% APR

15 YEAR FIXED

2.75% Rate
2.93% APR
* disclosures

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- Veteran Documents -

Certificate of Eligibility
and DD-214

GET A VA HOME LOAN

VA Jumbo Loans

VA Loan Maximum Guaranty Amounts:
Updated 2014 VA Jumbo Counties

Qualifying customers can now apply for a regular VA Loan with $0 down for loans greater than $417,000 up to their county limit. Find your county below.

ALASKA

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Aleutians East County
Aleutians West County
Anchorage County
Bethel County
Bristol Bay County
Denali County
Dillingham County
Fairbanks North County
Haines County
Juneau County
Kenai Peninsula County
Ketchikan Gateway County
Kodiac Island County
Lake and Peninsula County
Matanuska-Sustina County
Nome County
North Slope County
Northwest Arctic County
Prince of Wales County
Stika County
Skagway-Hoonah-Angoon County
Southeast Fairbanks County
Valdez-Cordova County
Wade Hampton County
Wrangell-Petersburg County
Yakutat City County
Yukon-Koyukuk County

CALIFORNIA

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Alameda County
Alpine County
Contra Costa County
El Dorado County
Los Angeles County
Marin County
Mono County
Monterey County
Napa County
Nevada County
Orange County
Placer County
Sacramento County
Santa Barbara County
San Benito County
San Francisco County
San Mateo County
Santa Clara County
Santa Cruz County
San Diego County
San Luis Obispo County
Sonoma County
Ventura County
Yolo County

COLORADO

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Adams County
Arapahoe County
Boulder County
Broomfield County
Clear Creek County
Denver County
Douglas County
Eagle County
Elbert County
Garfield County
Gilpin County
Hinsdale County
Jefferson County
Lake County
Ouray County
Park County
Pitkin County
Routt County
San Miguel County
Summit County

CONNECTICUT

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Fairfield County

DISTRICT OF COLUMBIA

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District of Columbia

FLORIDA

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Collier County
Monroe County

GEORGIA

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Greene County

HAWAII

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Hawaii County
Honolulu County
Kalawao County
Kauai County
Maui County

IDAHO

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Blaine County
Camas County
Lincoln County

Teton County

MARYLAND

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Anne Arundel County
Baltimore County
Baltimore City County
Calvert County
Carroll County
Charles County
Frederick County
Harford County
Howard County
Montgomery County
Prince George's County
Queen Anne's County

MASSACHUSSETTS

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Dukes County
Essex County
Middlesex County
Nantucket County
Norfolk County
Plymouth County
Suffolk County

NEW HAMPSHIRE

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Rockingham County
Strafford County

NEW JERSEY

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Bergen County
Essex County
Hudson County
Hunterdon County
Middlesex County
Monmouth County
Morris County
Ocean County
Passaic County
Somerset County
Sussex County
Union County

NEW YORK

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Bronx County
Dutchess County
Kings County
Nassau County
New York County
Orange County
Putnam County
Queens County
Richmond County
Rockland County
Suffolk County
Westchester County

NORTH CAROLINA

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Camden County
Currituck County
Gates County
Hyde County
Pasquotank County
Perquimans County

PENNSYLVANIA

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Pike County

RHODE ISLAND

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Bristol County
Kent County
Newport County
Providence County
Washington County

TENNESSEE

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Cannon County
Cheatham County
Davidson County
Dickson County
Hickman County
Macon County
Maury County
Robertson County
Rutherford County
Smith County
Sumner County
Trousdale County
Williamson County
Wilson County

UTAH

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Salt Lake County
Summit County
Tooele County

VIRGINIA

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Albemarle County
Alexandria County
Amelia County
Arlington County
Buckingham County
Caroline County
Charles City County
Charlottesville County
Chesapeake County
Chesterfield County
Clarke County
Colonial Height County
Culpepper County
Cumberland County
Dinwiddie County
Fairfax County
Fairfax Ind County
Falls Church County
Faquier County
Fluvanna County
Fredericksburg County
Gloucester County
Goochland County
Greene County
Hampton County
Hanover County
Henrico County
Hopewell County
Isle of Wright County
James City County
King and Queen County
King William County
Lancaster County
Loudoun County
Louisa County
Manassas County
Manassas Park County
Mathews County
Nelson Park County
New Kent County
Newport News County
Norfolk County
Petersburg County
Poquoson County
Portsmouth County
Powhatan County
Prince George County
Prince William County
Rappahannock County
Richmond County
Spotsylvania County
Stafford County
Suffolk County
Surry County
Sussex County
Virginia Beach County
Warren County
Williamsburg County
York County

WASHINGTON

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King County
Pierce County
San Juan County
Snohomish County

WEST VIRGINIA

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Jefferson County

WYOMING

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Teton County


The Department of Veterans Affairs will guaranty a VA home loan for a fully eligible veteran to a maximum of 25%. So if a veteran has full eligibility at $104,250, simply multiply that by (4) and the maximum loan amount with full VA guaranty is $417,000 with $0 down payment.

The majority of counties in the United States fall under this category. The Department of Veterans Affairs has designated what is known as High Cost Counties (approximately 146) where the VA will guaranty the veteran up to 25% of the high cost county limit. For these high cost county loans, the Veteran's down payment is still $0 up to the higher limit. By definition, any loan greater than $417,000 is categorized as a VA Jumbo Loan.

Calculations for Loans Limits as Set by VA

For counties where the VA maximum limit is $417,000:

  1. Borrower has no money down on the first $417,000.
  2. Borrower pays a 25% down payment only on the amount greater than $417,000.
  3. Borrower pays the funding fee in cash for loan between $417,000 and $1,000,000.
  4. On loan amounts greater than $417,000, the veteran maintains all the benefits of a VA loan.

For counties where the VA maximum limit exceeds $417,000 (known as VA Jumbo Loans):

  1. Borrower has no money down on the maximum amount for the county limit as set by the VA.
  2. Borrower pays a 25% down payment only on the amount greater than the county limit set by the VA.
  3. Borrower pays the funding fee in cash for loan between the amount greater than the county limit set by the VA and $1,000,000.
  4. On loan amounts greater than $417,000, the veteran maintains all the benefits of a VA loan.

Additional Information pertaining to VA Jumbo Loans that exceed county limits set by VA:

  1. Minimum Credit score of 640 required for loans above $650,000.
  2. Manufactured homes are not eligible for the VA Jumbo program.
  3. Funding fees cannot be financed for loans greater than $417,000. They must either be paid in cash by the Veteran or by the Seller.
  4. 2- to 4-unit purchase transactions maximums are $417,000.
  5. The VA Jumbo Program is for Fixed Rate loans only.
  6. Other terms and conditions may apply.
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