VA Loan Limits with no money down vary from county-to-county across the nation. However, in most counties across the nation the max VA Loan Limit with zero down is $424,100.
There are many ins-and-outs of the VA Loan. After serving Veterans for many years one thing that I have learned is that the VA does not advertise the VA Loan program leaving us (the Veteran) to seek out the information regarding our loan that we have earned and deserved.
There are some circumstances where the VA allows Veterans to have higher VA Loan Limits. For example in some counties across the nation like Alameda-County California, the max VA Loan Limit is $636,150 with no money down. If you are up for a 5 hour drive south (okay maybe longer) down to San Diego the VA Loan Limit with no down payment is $612,950. So do you see how the max VA Loan Limits change dependent upon where you go?
Remember fellow Veterans that the VA does not lend the money, they just insure the loan. So just because the VA might say we eligible for that amount we still have to qualify from a monthly income, and credit perspective.
For more information about how VA Loans work and what current VA Loan Limits are in your county feel free to contact us today.