VA Loan Limits

No VA loan limit on how much you can borrow to buy a home

Know your VA loan limits before you put in your offer
There are no limits on how much a veteran can borrow to buy a home. However, if you exceed the guarantee amount below you will be required to make a down payment. While there is no maximum on VA loan amounts there is a limit to how much guarantee (insurance) the VA will give the lender. Any loan over $144,000 is guaranteed for 25% of the loan amount.

Get started today with a realtor that can help you find your dream home and knows how to work with your VA home loan.

Higher cost of living affects the loan limit

Across the nation there are certain counties that have a higher cost of living and are considered a “high-cost county.” The VA adjusted the maximum guarantee for those counties. While there is no maximum loan amount there is a maximum guarantee. You can take the dollar ($) amounts below and calculate that the VA will guarantee 25% of the number shown for the lender. For example, Harris County, Texas has a limit of $484,350.  The 25% VA guarantee (insurance) to the lender is $121,087.50. A veteran could still borrow $1,000,000 or more to buy a home. It will require a down payment because the loan is exceeding the guaranty limit. If the loan is for $484,350 or less, a down payment is not required.

NOTE: For all counties in Texas, the VA loan limit for 2019 is $484,350.

Get started today with a realtor that can help you find your dream home and knows how to work with your VA home loan.