Question:

How much is the maximum VA home loan guarantee?

Answer:

The maximum VA home loan guarantee is 25% of conforming VA home loan amount. The maximum VA lending limit for most states is $417,000 for a single family home - hence, the maximum VA home loan guarantee is $104,250.

The states of HI and AK have higher conforming VA mortgage loan limit of $625,500. That is, the maximum VA home loan guarantee for Hawaii and Alaska is up to $156,375.

How much is the VA home loan guarantee if I take a VA loan exceeding the VA loan limit?

No matter the size of the loan limit, the VA only guarantees up to 25% of the allowed VA loan limit for the area. For loans exceeding the approved VA loan lending limit, lenders may require up to 100% financing of the difference. For jumbo size VA loans, most lenders may require 20-25% borrower financing of the difference between the mortgage amount and the conforming VA loan limit.

Recommended helpful present and future homeowners links:
Why: Refinance to a fixed rate loan while mortgage rates are still low.
Link:
Why: Because FHA loans are insured by the US Federal Government they have very competitive interest rates and are easier to qualify.
Link:
Why: Know and protect your credit report and score.
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Why: Find your next home and save money.
Link: Search thousands of foreclosures. Free 7-day trial.
Link this QnA Print del.icio.us Digg
Was this Mortgage QnA helpful?
Not at all
  • Currently 3/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
 Definitely
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA:

Common misspellings: mortage and morgage