Increased California VA Loan Limits for remainder of 2012

Increased California VA Loan Limits for remainder of 2012

The VA Has increased the VA Loan limits for much of California for the remainder of 2012.

The VA has announced increased 2012 VA Loan Limits that will be effective from August 3, 2012 – Dec 31, 2012.    New increased VA Loan Limits for 2012 are capped at $1M.

Loan Limits in California counties such as Alameda, Contra Costa, Marin,  San Francisco, & San Mateo, are now at $!m.  Santa Clara and San Benito Counties are now at $831,250.  Los Angeles and Orange Counties are now at $675,000. Santa Cruz at $663,750,  Santa Barnara county is at $650,000, and San Diego has a $518,750 VA Loan limit for remainder of 2012.

Several Washington State counties allow now have higher VA Loan limits for 2012 including King, Pierce and Snohomish counties at $498,750 and San Juan county at $470,000.

Please see the entire list of CA and WA VA Loan Limits below,  any counties not listed have a $417K VA Loan Limit for the remainder of 2012.
VA Loans are available for higher loan amounts than the County VA Loan Limit.   The County VA Loan Limit is the full amount for 100% VA Financing.   We allow you to exceed the county limits as long as there is sufficient equity or down payment to reach the VA Guarantee requirements.   More info on Exceeding the VA Loan Limit can be found here.

STATE

COUNTY

2012 VA LIMIT

CA

ALAMEDA

$1,000,000

CA

CONTRA COSTA

$1,000,000

CA

LOS ANGELES

$675,000

CA

MARIN

$1,000,000

CA

NAPA

$500,000

CA

ORANGE

$675,000

CA

SAN BENITO

$831,250

CA

SAN DIEGO

$518,750

CA

SAN FRANCISCO

$1,000,000

CA

SAN LUIS OBISPO

$497,500

CA

SAN MATEO

$1,000,000

CA

SANTA BARBARA

$650,000

CA

SANTA CLARA

$831,250

CA

SANTA CRUZ

$663,750

CA

SONOMA

$456,250

CA

VENTURA

$563,750

WA

KING

$498,750

WA

PIERCE

$498,750

WA

SAN JUAN

$470,000

WA

SNOHOMISH

$498,750

 

 

Please contact the VA Loan Pro’s at VanDyk Mortgage for help with your next VA Loan – Purchase, Refinance, or VA Streamline.   We are proud to help our Veterans