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New California VA Loan Limits for 2012 announced

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

New California VA Loan Limits for 2012 announced 

The VA has announced the 2012 VA Loan Limits for CA that will be effective Jan 1, 2012 - Dec 31, 2012.   New California VA Loan Limits in 2012 are capped at $625,500 due to changes in the formula the Veterans Administration is required to use.  

Loan Limits in California counties such as Alameda, Contra Costa, Marin, San Benito, San Francisco, San mateo, and Santa Clara are now at $625,500.    Los Angeles and Orange Counties are now at $621,000.   Santa Barnara county is at $598,000, and San Diego has a $477,000 VA Loan limit for 2012.   

Please see the entire list of CA VA Loan Limits below,  any counties not listed have a $417K VA Loan Limit for 2012. 


VA Loans are available for higher loan amounts than the County VA Loan Limit.   The County VA Loan Limit is the full amount for 100% VA Financing.   We allow you to exceed the county limits as long as there is sufficient equity or down payment to reach the VA Guarantee requirements.   More info on Exceeding the VA Loan Limit can be found here.

STATE

COUNTY

2012 VA LIMIT

CA

ALAMEDA

$625,500

CA

CONTRA COSTA

$625,500

CA

LOS ANGELES

$621,000

CA

MARIN

$625,500

CA

NAPA

$460,000

CA

ORANGE

$621,000

CA

SAN BENITO

$625,500

CA

SAN DIEGO

$477,000

CA

SAN FRANCISCO

$625,500

CA

SAN LUIS OBISPO

$457,700

CA

SAN MATEO

$625,500

CA

SANTA BARBARA

$598,000

CA

SANTA CLARA

$625,500

CA

SANTA CRUZ

$610,650

CA

SONOMA

$419,750

CA

VENTURA

$518,650

 
 
 
Please contact the VA Loan Pro's at VanDyk Mortgage for help with your next VA Loan - Purchase, Refinance, or VA Streamline.   We are proud to help our Veterans. 

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