VA will be making some changes for the New Year and on January 1st, 2012 the maximum loan for 100% financing will be lowered to $477,000 in Downtown San Diego including San Diego County.
Riverside County will remain at $417,000 but Orange County will reduce where the maximum loan for the 100% financing will be $621,000. If you are a veteran and would like to obtain loans over the $477,000 amount you would need a down payment of 25%.
If you are a veteran looking to invest in Downtown San Diego Real Estate and for example you are looking to buy a Downtown San Diego Condo or Downtown San Diego Loft priced at $577,000 you would need a $25,000 down payment.
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