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VA Loan Facts
VA LOAN LIMITS
MAXIMUM GUARANTY AMOUNT
REGULAR VA LOAN - $0 Down up to $729,750 in qualifying areas
SUPER MAXIMUM VA LOAN AMOUNT - $1,000,000
On October 10th, 2008, the President signed Public Law 110-389, the Veterans' Benefit Improvement Act of 2008. This law allows for $0 down payment loans in qualified counties to go up to $729,750 on loans closed through December 31st, 2011. Qualifying customers can now apply for a regular VA Loan with $0 down up to the $729,750 in qualified counties. To see the $0 Down amount for the single family home limit in your county, simply click on the applicable state.
FREQUENTLY ASKED QUESTION # 9 [ -more VA Loan questions- ]
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Q: The VA Guaranteed Loan - Advantages
A: If you are looking to purchase a home with no money down, you're in luck if you qualify. VA mortgage loans can be guaranteed with no money down in most cases up to $417 thousand dollars. An added bonus? No private mortgage insurance requirement with a VA guaranteed loan. The VA even offers help for those looking to refinance. Don't investigate these benefits without asking for information about the interest rate reduction loan, part of something called the Streamline Refinancing Program, which allows veterans to refinance at little or no expense to them. VALoans.com can give you all the details you'll need to take full advantage of your VA home loan benefits.
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VA Loan Rates
for 11/20/2008
30 year fixed
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0.000 points
6.500%
6.618% APR
15 year fixed
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0.000 points
6.500%
6.694% APR
Life Insurance for Military Members
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