VA Maximum Loan Amounts

The VA actually does not have a maximum loan amount. I have personally made VA loans over $1M. However, currently if you are wanting to borrow anything over the current maximum loan amount as set forth by the Federal Housing Finance Agency (FHFA) the VA requires a down payment of 25% of the difference.

In order to understand the max VA loan amount, you must first understand how this works. The VA insures 25% of your loan. That means if you were to foreclose, the VA will guarantee up to 25% of your loan to recoup the lender for their loss. Lets say you have a $200,000 loan. The VA will be insuring $50,000 of that. So in the event of foreclosure, the VA will reimburse the bank up to $50,000 in losses.

There are talks of the VA removing the maximum county loan limit in 2020 however, no information is available for this as of now.

FHFA 2019 maximum county loan amounts may be found here.

FHFA 2020 maximum county loan amounts may be found here.

Here is an example of how the loan amounts are calculated.

Contact us today for more info and find out how much you will qualify for.

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