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VA Maximum Guarantee Remains Unchanged

I had written in a previous blog about calculating VA Jumbo Loan Down Payments entitled VA Jumbo Loans: Calculating the Down Payment . There is good news regarding the "temporary" increase in the VA Mortgage Loan limits: the VA's maximum guarantee remains unchanged through 12/31/2009 where the principal loan amount is $417,00 or less. The VA will also continue through 12/31/2009 to guarantee 25 percent of the Freddie Mac conforming loan limit in the county in which the property is located, provided it is a single family home.

This is according to the VA Circular 26-08-16, Dated September 5, 2008, from the Veterans Benefits Administration.

This, of course, is good news to veterans looking to use their VA entitlement.

Michael Byrne

www.refi-fhasecure.com

Michael Byrne

Mortgage Specialist

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Posted by Michael Byrne on 09/08/2008 12:02 PM

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Originally posted at: FHA and Investor Specialist: VA Maximum Guarantee Remains Unchanged

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