2012 VA County Loan Limits

2012 loan limits:  The procedure for calculating loan limits for 2012 has changed from 2011.  VA’s previous procedure expires December 31, 2011.  If Congress passes legislation permitting VA to calculate maximum guaranty as it has in the past, the numbers below could increase slightly; they will NOT decrease.  If that occurs, we will post announcements and reissue this loan limit chart.

Loan limits:  VA does not impose a maximum amount that an eligible veteran may borrow using a VA-guaranteed loan; however loan limits establish the maximum possible guaranty on a loan.   The maximum guaranty amount (available for loans over $144,000) is 25 percent of the 2012 VA Limit shown below.  A veteran with full entitlement available may borrow up to the 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 is reduced accordingly.  Lenders should check their own investor requirements regarding guaranty amounts and down payments. 

NOTE: For all counties other than those listed below, the 2012 Limit is $417,000.

Please visit http://www.benefits.va.gov/HOMELOANS/loan_limits.asp for exceptions to this limit. 

Source:  Department of Veterans Affairs:  http://www.benefits.va.gov/HOMELOANS/loan_limits.asp