VA FAQ #24 - What is the maximum VA IRRRL loan limit?

Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

What is the maximum VA IRRRL loan limit?

Each year the Veterans Administration (the VA) releases the VA Loan Limits.   These are based on the county the home is located in.   In past years,  the VA allowed much higher Loan Limits than today.   There are now many VA Home Owners who hold VA Loans that are higher than their current County VA Loan Limit.   I have heard this question many times - Can I use the VA IRRRL Streamline even though I owe more than the current VA Loan Limit?   


Example - if a buyer used their VA Home Loan Benefit in 2012 in San Mateo county to purchase a $960k home with zero down (the VA Loan Limit was $1m even in 2012.   Now they have paid it down to $895K, however the San Mateo VA Loan Limit is $636,150 in 2017.   We allow the Veteran to refinance using a VA IRRRL Streamline in this scenario as the loan already has a VA Guaranty sufficient to cover the loan.   Our Loan Limit for VA Jumbo IRRRL Streamlines is $1,500,000.00, and since the VA already has the sufficient loan guaranty in place,  we would be able to help this Vet. 


Quick note - VA IRRRL Streamline is the VA's "Interest Rate Reduction Refinance Loan".   So much easier to just say Earl.   These do not require an appraisal, income documentation, or assets.   


VanDyk Mortgage is a LAPP VA Lender offering VA Loans, VA Jumbo Loans (aka VA High Balance loans) for Purchase, Refinance, Cash out Refinance, and VA Streamline.  Our Loan Limit for VA Jumbo IRRRL Streamlines is $1,500,000.00.   


Call us today to get a quote for your "Earl"  866-900-2342.  


 >>>>  I want to get started on my VA IRRRL Streamline Loan now 


This is part 24 of our FAQ series for VA Loan Questions.    FAQ = Frequently Asked Questions, and when it comes to VA Loans, we get plenty of questions.   We have been making VA Loans since 1987 and are a Direct Lender.    Please give us a call to get help with your VA Loan or VA Jumbo Loan questions, and see if you qualify for a VA Home Mortgage - 866-900-2342 toll free direct,  or contact us online at .  


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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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