Maximum VA loan county limits for 2011 released

By
Title Insurance with Federal Title & Escrow Company
The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans closing between January 1, 2011 through September 30, 2011. The limits for Fiscal Year 2012 have not yet been released.

Please note, these limits do not reflect a maximum amount that an eligible veteran is permitted to borrow, but rather, reflects the VA’s maximum guaranty amount for a particular county. The maximum VA guaranty amount for loans over $144,000 is 25% of the 2011 VA limit. For example, an eligible veteran may borrow up to $818,750 to purchase a property in Washington, DC (2011 VA limit), with the VA guaranteeing 25% of the loan amount, or approximately $204,687.50.

The limits listed below are for some counties in Maryland and Virginia, as well as for the District of Columbia. View a complete list of the county limits for 2011. [Please note, if your county is not listed on the county limits chart on the VA website, the 2011 limit is $417,000.]

STATE
COUNTY2011 VA LIMIT
DC
District of Columbia
$818,750
MD
Anne Arundel
$500,000
MD
Frederick
$818,750
MDHoward$500,000
MD
Montgomery$818,750
MD
Prince George's
$818,750
VA
Alexandria$818,750
VA
Arlington
$818,750
VA
Fairfax$818,750
VA
Falls Church
$818,750
VA
Fauquier
$818,750
VA
Loudon
$818,750
VA
Manassas
$818,750
VA
Prince William
$818,750

Comments (2)

Anonymous
Jim

How is it that Howard county only gets the 500k limit but Charles gets 818k? Charles is one of the cheapest counties in the state to buy. 

How does one go about petitioning an increase to VA for a county. 

May 21, 2011 04:35 PM
#1
Anonymous
Jaclyn Kurz

Jim,

The VA does not provide specific guidance on how they determine what the loan limits should be for a given county.  However, you can contact the Roanoke Regional Center via email at roanoke.lp@va.gov and they may be able to assist you further.

May 23, 2011 08:03 AM
#2

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