VA Loan Limits for 2009

The update VA loan limits have been updated a distributed by the VA. The chart below represents the maximum 100% VA loan limit by county for 2009. All other counties not listed below will remain at the conforming limit of $417,000.

Please keep in mind that it is still possible through VA to get a home loan above and beyond these current limits. However, a 25% down payment is required on the difference. For example, if a qualified veteran borrower purchases a house for $600,000 the minimum required down payment would be calculated as such:

1. $600,000 (Purchase Price) minus the $417,000 (maximum 100% limit for a normal cost area) = $183,000

2. 25% of $183,000 is $45,750, or just 7.6% of the purchase price

3. The applicable VA funding fee over the $417,000 limit would need to either be paid by the veteran borrower or seller.

VA Loan Limits for 2009 – for 100% financing

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