Va Loan Benefits for US Military Returning Home

2012 VA County Loan Limits

2012 loan limits: The procedure
for calculating loan limits for
2012 has changed from 2011. VA’s previous
procedure expires December 31, 2011.

If Congress passes legislation permitting
VA to calculate maximum guaranty as it
has in the past, the numbers below could
increase slightly; they will NOT decrease.
If that occurs, we will post announcements
and reissue this loan limit chart.

Loan limits: VA does not impose a maximum
amount that an eligible veteran may borrow
using a VA-guaranteed loan; however loan
limits establish the maximum possible
guaranty on a loan. The maximum guaranty amount
(available for loans over $144,000.00) is
25 percent of the 2012 VA Limit shown below.

A veteran with full entitlement available may
borrow up to the limit shown below and VA will
guarantee 25 percent of the loan amount.
If a veteran has previously used entitlement
that has not been restored, the maximum
guaranty amount available to
that veteran is reduced accordingly.
Lenders should check their own investor
requirements regarding guaranty
amounts and down payments.
NOTE: For all counties other than those listed below,
the 2012 Limit is $417.000.00

State / 2012 VA Loan Limit / Regional Loan Center
CA
County:
LA / $621K / Phoenix

OC / $621K / Phoenix

San
Diego / $477K / Phoenix

San
Francisco / $625,500.00 / Phoenix

San
Lis Obispo / $457,700.00 / Phoenix

For more info on Veteran Home Benefits
vist link on the left of this page:
http://www.benefits.va.gov/HOMELOANS/loan_limits.asp