Is There A Limit On VA Loan Amounts?

big gray house

Due to a rule change in 2020 the VA Jumbo Loan doesn't exist any more. New regulations allow the VA to guarantee any value loan, limiting the loan amount to what the lender will underwrite.

If you are using your VA loan for the first time there is no limit on the amount of loan you can get.

You may need to make a down payment if you are using your remaining loan entitlement (like for a 2nd home purchase) and your loan amount is over $144,000.

However, if you have:

  • Never used your home loan benefit, or
  • Paid off a previous VA loan in full and sold the property, or
  • Used your home loan benefit, but had a foreclosure or compromise claim (also called a short sale) and repaid the loan in full

you will be able to purchase a home of any price using your VA loan, your loan amount is only limited by your lender. The lender will use your credit history, income and assets to determine your ability to repay a loan before they approve a loan.

Do Your Homework

You'll want to shop around for the right VA lender, some may have more lenient approval requirements than others. Some may require a larger downpayment or different loan terms. Do your homework.

Get Started Today

Our VA loan finder can match you with up to five rate quotes from different lenders. Check it out now!

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VA Loan Personal Finance