VA Lowers Guaranty Limits in High Cost Counties - 01/03/12 03:29 PM
VA Lowers Guaranty Limits in High Cost Counties for 2012
The VA lowered the maximum amount they will guarantee from 25% of as much as $1,094,625 to 25% of a maximum of $625,500 for all counties considered "high cost" for 2012.  The VA does not limit the size of the loan for eligible veterans, but will only guaranty 25% of their limit for a given county.  VA borrowers will have lower loan amounts that they will qualify for 100% financing in the high cost counties.  The loan guaranty limit for counties not considered "high cost" will remain at 25% of $417,000.
2012 VA County … (1 comments)

 
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Bill Rozek NMLS #214260

Potomac, MD

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Embrace Home Loans, Inc.

Address: 800 King Farm Blvd, Suite 210A, Rockville, MD, 20879

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