VA Loan Limits and VA Minimum Down Payment requirements for 2023 – Fresno
Here are the Fresno VA Loan Limits and VA Minimum Down Payment requirements for 2023 for qualified Veterans and Active Duty Military Personnel.
- Maximum VA Loan for qualified Veterans with full VA Entitlement: $2,000,000
- Maximum VA Loan for qualified Veterans with partial VA Entitlement: $2,000,000 (down payment required)
- Fresno VA Loan Limit – $726,200 (only applies to Veterans with partial VA Entitlement)
We offer VA Loans up to $2.0M loan amounts with no down payment for qualified Veterans with full VA Entitlement available. Veterans with partial VA Entitlement can also qualify up to $2m for their VA Loan when accompanied by the appropriate down payment to meet the VA minimum guaranty requirements. Fresno Veterans are not limited to the Fresno County Loan Limit of $726,200, we offer VA Loans up to $2.0M loan amounts.
Here is a scenario for a Veteran with Partial VA Entitlement. Fresno Veteran has a current VA Loan with an original balance of $200K (that is the amount charged against VA Entitlement). Same Fresno Veteran wants to purchase a home in Fresno County with zero down. The maximum VA Loan for this scenario is $526,200.
Now let’s say the same Fresno Veteran wants to purchase a home for $550k, and not payoff the other VA Loan. In the scenario, the Veteran would need a down payment of $5,950 for that $550K Fresno home purchase. Give me a call at 760-752-4480 and we can calculate your options for you.
VA Loans that exceed the VA County Loan Limit of $726,200 for Fresno County 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