What is the Maximum VA Loan Amount? None!
If you have full entitlement, you can borrow as much as a bank is willing to lend with zero down-payment. Loan amounts that exceed the Federal conforming loan limits are referred to as “Jumbo” loans. VA allows qualifying veterans to get Jumbo VA loans with zero down-payment.
What does it take to qualify for a VA Jumbo Loan? It depends on a couple of things:
- Do you have VA Loan Entitlement? You demonstrate your entitlement by providing a “Certificate of Eligibility.” As a VA authorized lender, we can often help you get your “COE” in less than 5 minutes through the Web LGY system. You can also work directly with the VA although the process will require a written request along with supporting documentation.
- Does your income, debts, credit, assets, and property meet the VA loan guidelines? We can quickly help you answer this question too.
We are available to answer your question. We strive to simplify the VA loan process. Call Today (208) 287-1705 or get started online by clicking the buttons to the right
A Brief History of VA Loan Limits
Prior to January 1, 2020, VA loans required a down payment if you wanted to borrow more than Federally-mandated conforming loan limits. The Blue Water Navy Vietnam Veterans Act of 2019 removed the maximum allowable loan amount for qualifying Veterans. Now the Veteran’s Administration allows lenders to determine the maximum amount they will loan and how much they will require for a down-payment.