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VA Loan Limits for 2014 – up to $1,050,000 in California

VA Loan Limits for 2014 – up to $1,050,000 in California

Go here for complete 2015 California VA Loan Limits

The Veterans Administration has announced the VA Loan Limits for California for 2014. The formula for generating the VA Loan Limits was altered by Congress in 2008, and was reinstated beginning August 6, 2012.   The new California VA Loan Limits for 2014 have increased in some areas, stayed the same in others and went down in a select few counties.

The VA Jumbo Loan allows Veterans and Active Duty Military Personnel to purchase homes in higher cost areas of California and Washington at loan amounts more in sync with local housing prices. Qualified Vet’s can purchase up to $1,050,000 with zero money down in Bay Area counties such as San Francisco, Marin, San Mateo, Alameda and Contra Costa.

Some examples of the new VA Loan Limits in California are:  Veterans in Los Angeles, Orange County, Brea, Pasadena, Irvine, Costa Mesa, Huntington Beach, and Long Beach may qualify for a 100% VA Jumbo loan up to $687,500.   San Diego County cities including San Diego, Oceanside, Chula Vista, El Cajon, Encinitas, Carlsbad, San Marcos, Escondido, Rancho Bernardo, and La Mesa   a Vet can borrow up to $546,250 with no money down when buying a house.   San Jose Vets can go up to $827,500 with no money down VA Purchase Loan.  SF Bay Area Vets buying a home in San Francisco, Alameda, Oakland, Fremont, Contra Costa, Marin, San Mateo, Daly City, etc can qualify up to $1,050,000 for a 100% VA Jumbo Loan as well.  We also offer VA Loans that exceed these limits with the appropriate amount of Down payment on purchases, or equity on Refinances, with a max VA Jumbo Loan amount of $1.5M.

VanDyk Mortgage is a proud VA Lender serving many states including California, Georgia, Massachusetts, Virginia, Washington, and more.

We have compiled the California VA Loan limits for 2014 by county below.

State County 2014 VA Loan Limit

CA ALAMEDA $1,050,000

CA ALPINE $463,450

CA AMADOR $417,000

CA BUTTE $417,000

CA CALAVERAS  $417,000

CA COLUSA $417,000

CA CONTRA COSTA $1,050,000

CA DEL NORTE $417,000

CA EL DORADO $474,950

CA FRESNO $417,000

CA GLENN $417,000

CA HUMBOLDT $417,000

CA IMPERIAL $417,000

CA INYO $417,000

CA KERN $417,000

CA KINGS $417,000

CA LAKE $417,000

CA LASSEN $417,000

CA LOS ANGELES $687,500

CA MADERA  $417,000

CA MARIN $1,050,000

CA MARIPOSA $417,000

CA MENDOCINO $417,000

CA MERCED $417,000

CA MODOC $417,000

CA MONO $529,000

CA MONTEREY $500,000

CA NAPA $592,250

CA NEVADA $477,250

CA ORANGE $687,500

CA PLACER $474,950

CA PLUMAS $417,000

CA RIVERSIDE $417,000

CA SACRAMENTO $474,950

CA SAN BENITO $827,500

CA SAN BERNARDINO $417,000

CA SAN DIEGO $546,250

CA SAN FRANCISCO $1,050,000

CA SAN JOAQUIN $417,000

CA SAN LUIS OBISPO $561,200

CA SAN MATEO $1,050,000

CA SANTA BARBARA $643,750

CA SANTA CLARA $827,500

CA SANTA CRUZ $681,250

CA SHASTA $417,000

CA SIERRA $417,000

CA SISKIYOU $417,000

CA SOLANO $417,000

CA SONOMA $520,950

CA STANISLAUS $417,000

CA SUTTER $417,000

CA TEHAMA $417,000

CA TRINITY $417,000

CA TULARE $417,000

CA TUOLUMNE $417,000

CA VENTURA $598,000

CA YOLO $474,950

CA YUBA $417,000

Many Vets would like to purchase or refinance a home that exceeds their Countie’s VA Loan Limit. If you need a VA loan for a higher amount than your county loan limit, please call us.  We do offer VA loans over the county loan limits for Purchase, Refinance, and VA IRRRL Streamline Refinance (aka VA Streamline), up to $1.5M nationwide with appropriate down payment or home equity to meet the VA guarantee requirement.   Call Brian Skaar at 760-752-4480 to get started.

VanDyk Mortgage also offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

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Filed under California VA Lender, VA Jumbo Loans, VA Jumbo Purchase, VA Loans, VA Purchase Loan

VA Loan Limits for 2012 – California

VA Announces 2012 VA Loan Limits for California

Click here for 2015 California VA Loan Limits

The VA has announced 2012 VA Loan Limits that become effective Jan 1, 2012 and last until Dec 31, 2012.   The VA Loan Limits in 2012 are capped at $625,500 due to changes in the formula the Veterans Administration is required to use.

Loan Limits in California counties such as Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara are now at $625,500.    Los Angeles and Orange Counties are now at $621,000.   Santa Barbara county is at $598,000, and San Diego has a $477,000 VA Loan limit for 2012.

Several Washington State counties allow higher VA Loan limits for 2012 including King, Pierce and Snohomish counties at $458,850 and San Juan county at $432,400.

Please see the entire list of CA and WA VA Loan Limits below,  any counties not listed have a $417K VA Loan Limit for 2012.
VA Loans are available for higher loan amounts than the County VA Loan Limit.   The County VA Loan Limit is the full amount for 100% VA Financing.   We allow you to exceed the county limits as long as there is sufficient equity or down payment to reach the VA Guarantee requirements.   More info on Exceeding the VA Loan Limit can be found here.

STATE COUNTY 2012 VA LIMIT

 

CA ALAMEDA $625,500
CA CONTRA COSTA $625,500
CA LOS ANGELES $621,000
CA MARIN $625,500
CA NAPA $460,000
CA ORANGE $621,000
CA SAN BENITO $625,500
CA SAN DIEGO $477,000
CA SAN FRANCISCO $625,500
CA SAN LUIS OBISPO $457,700
CA SAN MATEO $625,500
CA SANTA BARBARA $598,000
CA SANTA CLARA $625,500
CA SANTA CRUZ $610,650
CA SONOMA $419,750
CA VENTURA $518,650

Please contact the VA Loan Pro’s at VanDyk Mortgage today for help with your next VA Loan – Purchase, Refinance, or VA Streamline.   We are proud to help our Veterans.

 866-900-2342 Toll Free or visit us online at www.westcoastvaloans.com

>>>  Get started here on your VA Loan PreApproval or give us a call at 866-900-2342  (toll free direct)

 

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Filed under California VA Lender, VA IRRRL Streamline, VA Jumbo IRRRL Streamline, VA Jumbo Lender, VA Jumbo Loans, VA Jumbo Purchase, VA Loans

Orange County VA Loan Info

Orange County VA and VA Jumbo Loan info – Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Orange County, CA.   We have been helping Veterans with VA loans since 1987.   VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans.   We offer many VA loan programs for Orange County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

  • VA Loans   (Purchase and Refinance)
  • VA Jumbo Loans  (Purchase and Refinance)
  • VA Loans for Condo’s   (Purchase and Refinance)
  • VA Streamline Refinance (IRRRL)
  • VA Jumbo Streamline Refinance (IRRRL)

Orange County VA Loans are available up to $625,500 with Zero down payment required.  The Orange County VA Loan Limit in 2015 is $625,500.   We do not limit Veterans to the County Loan limit of $625,500 for Orange County VA Jumbo Loans.   We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment or equity to reach the VA Guarantee requirements of 25%.   Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.

VA Home Loans in Orange County, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $625,500
  • A $725,500 Orange County VA Home Purchase would only require  a $25,000 down payment  ( 3.446%)
  • A $850,000  Orange  VA Home Purchase would only require $56,125 down payment  ( 6.603%)
  • A $975,000 Orange VA Home or Condominium Purchase would require a $87,375  ( 8.962%)
  • VA Loans require no Mortgage Insurance
  • VA Loans do require a VAFF (VA Funding Fee), which is usually financed
  • Veterans with a 10% or higher VA disability pay no VA Funding fee
  • Sellers can pay up to 4% of the VA Buyers closing costs
  • VA Approved Condo’s can utilize VA Loans too
  • Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex).  (Refinance also)

We offer VA financing on VA Approved Condo’s. Here is a link to the new Veterans Administration VA Approved Condo Search Engine.   Please call us if you have questions or need help with your VA Approved Condo search, we are here to help.   We can also assist in getting your VA Condo Approved with the VA.

VanDyk Mortgage has been helping Veterans with VA loans since 1987.   We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also.   We are a VA Lender and VA Jumbo Lender.  We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk.   Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Orange county: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach,  Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Ranch Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba LInda , and all areas within the county as well.

>>>  Get started here on your VA Loan PreApproval or give us a call at 866-900-2342  (toll free direct)

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Filed under California VA Lender, Uncategorized, VA High Balance, VA IRRRL Streamline, VA Jumbo IRRRL Streamline, VA Jumbo Lender, VA Jumbo Loans, VA Jumbo Purchase, va loan after bankruptcy, va loan after foreclosure, va loan after short sale, VA Loans, VA Loans over $1m, VA Purchase Loan