Enter your city and state below to find the VA Loan limit amount for your area. You can also get up-to-date information about changing VA Loan limits.
VA Loan Limits, starting at $453,100, are not a cap on how much an eligible veteran can borrow. Instead, these limits help determine how much qualified veterans can borrow before needing to make a down payment. VA borrowers can absolutely purchase a home above the county loan limit, but doing so requires a down payment – typically equal to 25 percent of the difference between the VA loan limit and the purchase price of the home.
The standard VA loan limit is $453,100 for most U.S. counties in 2018, an increase from $424,100 in 2017.
That means qualified VA buyers in most parts of the country can now borrow up to $453,100 before needing to factor in a down payment.
For more expensive housing markets in the continental U.S., VA loan limits reach all the way up to $679,650 for 2018, up from $636,150 in 2017. The loan limit is even higher in a couple Hawaii counties.
For example, a buyer with full VA loan entitlement wanting a $653,100 home in a regular-cost county would need a $50,000 down payment [($653,100 – 453,100 = $200,000) x 25 percent]. This example purchase comes with an 8 percent down payment. For the same home, a conventional borrower might need a 20 percent down payment.
Lenders will typically consider any loan above the conforming loan limit of $453,100 to be a VA jumbo loan, regardless of the VA loan limit for that county. However, unlike other jumbo loans, as long as the purchase price of the property is within the county loan limit, you likely won’t need a down payment.