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.
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.
For counties where the VA maximum limit is $417,000:
For counties where the VA maximum limit exceeds $417,000 (known as VA Jumbo Loans):
Additional Information pertaining to VA Jumbo Loans that exceed county limits set by VA: