Torrance VA Loan Limits and VA Minimum Down Payment requirements for 2015

Torrance VA Loan Limits and VA Minimum Down Payment requirements for 2015

Here are the Torrance VA Loan Limits and VA Minimum Down Payment requirements for 2015 for qualified Veterans and Active Duty Military Personnel.

VA Loan Limits and Down payments for Coronado - 2015

 Purchase Price
Torrance VA Loan AmountDown Payment - minimumDown Payment %
$625,500$625,500ZEROZERO
$650,000$643,875$6125
.942%
$750,000$718,875$31,1254.15%
$900,000$831,375 $68,6257.625%
$1,000,000$906,375 $93,6259.363%
$1,250,000$1,093,875 $156,12512.49%
These examples do not include the VA Funding Fee in the Loan Amount. This amount will vary depending on whether this is a first time use of your VA Home Loan Benefit, a subsequent use, if your service was regular or reserve/guard, and/ or if you have a VA Disability Rating (in which case the VA Funding Fee is waived).

We offer VA Loans up to $1.5M loan amounts when accompanied by an appropriate down payment to meet the VA minimum guaranty requirements. Coronado Veterans are not limited to the Los Angeles County Loan Limit of $625,500,  we offer VA Loans up to $1.5M loan amounts.

VA Loans that exceed the VA County Loan Limit of $625,500 for Torrance and Los Angeles are also known as VA Jumbo Loans, VA High Balance Loans, and VA Super Conforming Loans.

Call today to get started with the VA Loan Pro’s at VanDyk Mortgage – 866-900-2342 toll free direct, or 760-752-4480 local direct.  or get started online here