Congress Authorizes New Higher VA Loan Limits for rest of 2012

Congress Authorizes New Higher VA Loan Limits for rest of 2012

VA Loan Limits increased for Remainder of 2012 – up to $1m in California

Congress and the President have worked together to authorize the Veterans Administration to increase the 2012 VA Loan Limits for California for the remainder of 2012.   The formula for generating the VA Loan Limits was altered by Congress in 2008, and has now been resinstated beginning August 6, 2012.

The VA Jumbo Loan allows Veterans and Active Duty Military Personnel to purchase homes in higher cost areas of California and Washington at loan amounts more inline with local housing costs.    Many Vet’s can purchase up to $1m with zero money down.

Some examples of the new VA Loan Limits in California are: Veterans in Los Angeles, Orange County, Ventura, Brea, Pasadena, Irvine, Costa Mesa, Huntington Beach, and Long Beach may qualify for a 100% VA Jumbo loan up to $675,000. San Diego County cities including San Diego, Oceanside, Chula Vista, El Cajon, Encinitas, Carlsbad, San Marcos, Escondido, Rancho Bernardo, la Mesa and National City a Vet can borrow up to $518,750 with no money down when buying a house. San Jose vets can go up to $831,250 with no money down VA Purchase Loan. Bay Area Vets buying a home in San Francisco, Alameda, Oakland, Fremont, Contra Costa, Marin, San Mateo, Daly City, etc can qualify up to $1,000,000 for a 100% VA Loan as well. We also offer VA Loans that exceed these limits with the appropriate amount of Down payment on purchases, or equity on Refinances.

VanDyk Mortgage is a proud VA Lender serving many states including California, Washington, and more.

We have compiled the California VA Loan limits for 2012 by county below.

State County 2012 VA Loan Limit

CA ALAMEDA $1,000,000

CA ALPINE $417,000

CA AMADOR $417,000

CA BUTTE $417,000

CA CALAVERAS $417,000

CA COLUSA $417,000

CA CONTRA COSTA $1,000,000

CA DEL NORTE $417,000

CA EL DORADO $417,000

CA FRESNO $417,000

CA GLENN $417,000

CA HUMBOLDT $417,000

CA IMPERIAL $417,000

CA INYO $417,000

CA KERN $417,000

CA KINGS $417,000

CA LAKE $417,000

CA LASSEN $417,000

CA LOS ANGELES $675,000

CA MADERA $417,000

CA MARIN $1,000,000

CA MARIPOSA $417,000

CA MENDOCINO $417,000

CA MERCED $417,000

CA MODOC $417,000

CA MONO $417,000

CA MONTEREY $436,250

CA NAPA $500,000

CA NEVADA $417,000

CA ORANGE $675,000

CA PLACER $417,000

CA PLUMAS $417,000

CA RIVERSIDE $417,000

CA SACRAMENTO $417,000

CA SAN BENITO $831,250

CA SAN BERNARDINO $417,000

CA SAN DIEGO $518,750

CA SAN FRANCISCO $1,000,000

CA SAN JOAQUIN $417,000

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 SHASTA $417,000

CA SIERRA $417,000

CA SISKIYOU $417,000

CA SOLANO $417,000

CA SONOMA $456,250

CA STANISLAUS $417,000

CA SUTTER $417,000

CA TEHAMA $417,000

CA TRINITY $417,000

CA TULARE $417,000

CA TUOLUMNE $417,000

CA VENTURA $563,750

CA YOLO $417,000

CA YUBA $417,000

If you need a VA loan for a higher amount than your county loan limit, please call us. We do offer VA loans over the county loan limits for Purchase, Refinance, and VA IRRRL Streamline Refinance (aka VA Streamline). Call Brian Skaar at 760-752-4480 to get started.

VanDyk Mortgage also offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).