VA Loan Benefit for California Veterans and CA Active Duty Military
California Veterans and CA Active Duty Military Personnel have access to higher VA guarantee limits than many other states. The higher VA Guarantee allows California Vets the opportunity to purchase a home with zero downpayment up to $962,500 in select Bay Area Counties such as San Francisco, San Mateo, Contra Costa, Marin, and Alameda. Los Angeles VA Loans are available up to $593,750 with no down payment. 2011 VA Loan updates here
We are also able to exceed the VA County VA Loan limit with downpayment of 25% of the difference between your purchase price and the VA loan limit for your area. VanDyk Mortgage is a proud VA Lender serving many states including California and Washington, and more. We are a VA Direct Lender.
In 2008, the US Congress authorized increases in the VA Loan Benefit by increasing the Entitlement available to Vets in higher cost areas. This allows us to write VA Loans that are guaranteed by the VA up to the full county loan limit with no downpayment for qualified Veterans.
We have compiled the California VA Loan limits for 2010 by county below. Here is a link to our complete list of all nationwide 2010 VA Loan Limits.
STATE COUNTY 2010 VA LIMIT
CA ALAMEDA $962,500
CA CONTRA COSTA $962,500
CA EL DORADO $418,750
CA LOS ANGELES $593,750
CA MARIN $962,500
CA MONO $512,500
CA NAPA $443,750
CA NEVADA $418,750
CA ORANGE $593,750
CA PLACER $418,750
CA SACRAMENTO $418,750
CA SAN BENITO $633,750
CA SAN DIEGO $437,500
CA SAN FRANCISCO $962,500
CA SAN LUIS OBISPO $487,500
CA SAN MATEO $962,500
CA SANTA CLARA $633,750
CA SANTA CRUZ $568,750
CA VENTURA $486,250
CA YOLO $418,750
Any county not listed is at $417,000 for the VA loan limit.
VA loans can be used to purchase condominiums up to your full benefit as well.
If you need a VA loan for a higher amount than your county loan limit, please call us. We do offer VA loans over the county loan limits for VA IRRRL Streamline Refinance (aka VA Streamline), Refinance and Purchase up to $1.5M. Call Brian Skaar at 760-752-4480 to get started.
California Residential Mortgage Lender registered by the Department of Corporations
VanDyk Mortgage is a private company specializing in FHA & VA financing, VanDyk Mortgage Corp is not a government agency. 799 Avenida Codorniz, San Marcos, CA 92069 760-752-4480
NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268 Brian Skaar - Loan Originator