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.

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