The VA loan guaranty program does not impose a maximum amount that an eligible veteran may borrow using a VA loan but limits the maximum guaranty amount to $417,000 for 2016. However, if you live in certain counties, the VA's maximum guaranty amount can be higher. These limits apply to all loans closed January 1, 2016 and afterwards. For the full list, see this updated Military.com article.
VA Loan Limits for 2016 Announced
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