VA Loan Limits for 2011 Released

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Real Estate Agent with Coldwell Banker C&C Properties

 2011 VA County Loan Limits for High-Cost Counties

The US Department of Veterans Affairs (VA) announced the 2011 loan limits for the Loan Guaranty Home Loan Program. The new limits begin January 1, 2011, and run through September 30, 2011. VA has no maximum loan amount; however, loan limits are established to determine the maximum guaranty for a particular county.

A veteran with full entitlement available may borrow up to the 2011 VA limit and VA will guarantee 25 percent of the loan amount. If a veteran has previously used entitlement that has not been restored, the maximum guaranty amount available must be reduced accordingly. For many counties the loan limit is $417,000. VA has published a list of county limits for high cost counties.

To see the breakdown of these counties, click HERE.

 

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Rainmaker
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Jane & Jeff Daley, PhD
Luxury Valley Homes Scottsdale - Scottsdale, AZ
Scottsdale Real Estate Arizona

Thanks for the update. Our VA loans here usually match the prevailing conventional loans but we have not seen the new limits yet.

Dec 20, 2010 04:56 AM #1
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Chris and Maria Jeantet

Redding CA Real Estate Couple
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