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
STATE
COUNTY
2009 VA LIMIT
Alaska
ALEUTIANS EAST
$ 625,500.00
Alaska
ALEUTIANS WEST
$ 625,500.00
Alaska
ANCHORAGE
$ 625,500.00
Alaska
BETHEL
$ 625,500.00
Alaska
BRISTOL BAY
$ 625,500.00
Alaska
DENALI
$ 625,500.00
Alaska
DILLINGHAM
$ 625,500.00
Alaska
FAIRBANKS NORTH
$ 625,500.00
Alaska
HAINES
$ 625,500.00
Alaska
JUNEAU
$ 625,500.00
Alaska
KENAI PENINSULA
$ 625,500.00
Alaska
KETCHIKAN GATEWAY
$ 625,500.00
Alaska
KODIAK ISLAND
$ 625,500.00
Alaska
LAKE AND PENINSULA
$ 625,500.00
Alaska
MATANUSKA-SUSITNA
$ 625,500.00
Alaska
NOME
$ 625,500.00
Alaska
NORTH SLOPE
$ 625,500.00
Alaska
NORTHWEST ARCTIC
$ 625,500.00
Alaska
PRINCE OF WALES
$ 625,500.00
Alaska
SITKA
$ 625,500.00
Alaska
SKAGWAY-HOONAH-ANGOO
$ 625,500.00
Alaska
SOUTHEAST FAIRBANKS
$ 625,500.00
Alaska
VALDEZ-CORDOVA
$ 625,500.00
Alaska
WADE HAMPTON
$ 625,500.00
Alaska
WRANGELL-PETERS
$ 625,500.00
Alaska
YAKUTAT CITY
$ 625,500.00
Alaska
YUKON-KOYUKUK
$ 625,500.00
California
ALAMEDA
$1,094,625.00
California
ALPINE
$ 503,750.00
California
CONTRA COSTA
$1,094,625.00
California
EL DORADO
$ 516,250.00
California
LOS ANGELES
$ 737,500.00
California
MARIN
$1,094,625.00
California
MONO
$ 575,000.00
California
MONTEREY
$ 525,000.00
California
NAPA
$ 643,750.00
California
NEVADA
$ 518,750.00
California
ORANGE
$ 737,500.00
California
PLACER
$ 516,250.00
California
SACRAMENTO
$ 516,250.00
California
SAN BENITO
$ 937,500.00
California
SAN DIEGO
$ 593,750.00
California
SAN FRANCISCO
$1,094,625.00
California
SAN LUIS OBISPO
$ 610,000.00
California
SAN MATEO
$1,094,625.00
California
SANTA BARBARA
$ 656,250.00
California
SANTA CLARA
$ 937,500.00
California
SANTA CRUZ
$ 805,000.00
California
SOLANO
$ 435,000.00
California
SONOMA
$ 566,250.00
California
VENTURA
$ 650,000.00
California
YOLO
$ 516,250.00
Colorado
BOULDER
$ 437,500.00
Colorado
EAGLE
$ 887,500.00
Colorado
GARFIELD
$ 450,000.00
Colorado
HINSDALE
$ 460,000.00
Colorado
LAKE
$ 887,500.00
Colorado
OURAY
$ 456,250.00
Colorado
PITKIN
$1,094,625.00
Colorado
ROUTT
$ 690,000.00
Colorado
SAN MIGUEL
$ 962,500.00
Colorado
SUMMIT
$ 785,000.00
Connecticut
FAIRFIELD
$ 556,250.00
District of Columbia
DISTRICT OF COLUMBIA
$ 812,500.00
Florida
COLLIER
$ 487,500.00
Florida
MONROE
$ 575,000.00
Georgia
GREENE
$ 560,000.00
Guam
GUAM
$ 625,500.00
Hawaii
HAWAII
$ 625,500.00
Hawaii
HONOLULU
$ 783,750.00
Hawaii
KALAWAO
$ 656,250.00
Hawaii
KAUAI
$ 775,000.00
Hawaii
MAUI
$ 681,250.00
Idaho
BLAINE
$ 497,500.00
Idaho
TETON
$1,000,000.00
Massachusetts
BARNSTABLE
$ 441,250.00
Massachusetts
BRISTOL
$ 463,750.00
Massachusetts
DUKES
$ 736,250.00
Massachusetts
ESSEX
$ 506,250.00
Massachusetts
MIDDLESEX
$ 506,250.00
Massachusetts
NANTUCKET
$1,094,625.00
Massachusetts
NORFOLK
$ 506,250.00
Massachusetts
PLYMOUTH
$ 506,250.00
Massachusetts
SUFFOLK
$ 506,250.00
Maryland
ANNE ARUNDEL
$ 537,500.00
Maryland
BALTIMORE
$ 537,500.00
Maryland
BALTIMORE CITY
$ 537,500.00
Maryland
CALVERT
$ 812,500.00
Maryland
CARROLL
$ 537,500.00
Maryland
CHARLES
$ 812,500.00
Maryland
FREDERICK
$ 812,500.00
Maryland
HARFORD
$ 537,500.00
Maryland
HOWARD
$ 537,500.00
Maryland
MONTGOMERY
$ 812,500.00
Maryland
PRINCE GEORGE'S
$ 812,500.00
Maryland
QUEEN ANNE'S
$ 537,500.00
MP
NORTHERN ISLAND
$ 570,000.00
MP
ROTA
$ 446,250.00
MP
SAIPAN
$ 575,000.00
MP
TINIAN
$ 578,750.00
North Carolina
CAMDEN
$ 812,500.00
North Carolina
CURRITUCK
$ 498,750.00
North Carolina
DARE
$ 425,000.00
North Carolina
HYDE
$ 525,000.00
North Carolina
PASQUOTANK
$ 812,500.00
North Carolina
PERQUIMANS
$ 812,500.00
New Hampshire
ROCKINGHAM
$ 506,250.00
New Hampshire
STRAFFORD
$ 506,250.00
New Jersey
BERGEN
$ 747,500.00
New Jersey
CAPE MAY
$ 450,000.00
New Jersey
ESSEX
$ 747,500.00
New Jersey
HUDSON
$ 747,500.00
New Jersey
HUNTERDON
$ 747,500.00
New Jersey
MIDDLESEX
$ 747,500.00
New Jersey
MONMOUTH
$ 747,500.00
New Jersey
MORRIS
$ 747,500.00
New Jersey
OCEAN
$ 747,500.00
New Jersey
PASSAIC
$ 747,500.00
New Jersey
SOMERSET
$ 747,500.00
New Jersey
SUSSEX
$ 747,500.00
New Jersey
UNION
$ 747,500.00
New York
BRONX
$ 747,500.00
New York
KINGS
$ 747,500.00
New York
NASSAU
$ 747,500.00
New York
NEW YORK
$ 747,500.00
New York
PUTNAM
$ 747,500.00
New York
QUEENS
$ 747,500.00
New York
RICHMOND
$ 747,500.00
New York
ROCKLAND
$ 747,500.00
New York
SUFFOLK
$ 747,500.00
New York
WESTCHESTER
$ 747,500.00
Pennsylvania
PIKE
$ 747,500.00
Rhode Island
BRISTOL
$ 463,750.00
Rhode Island
KENT
$ 463,750.00
Rhode Island
NEWPORT
$ 463,750.00
Rhode Island
PROVIDENCE
$ 463,750.00
Rhode Island
WASHINGTON
$ 463,750.00
Tennessee
CANNON
$ 427,500.00
Tennessee
CHEATHAM
$ 427,500.00
Tennessee
DAVIDSON
$ 427,500.00
Tennessee
DICKSON
$ 427,500.00
Tennessee
HICKMAN
$ 427,500.00
Tennessee
MACON
$ 427,500.00
Tennessee
ROBERTSON
$ 427,500.00
Tennessee
RUTHERFORD
$ 427,500.00
Tennessee
SMITH
$ 427,500.00
Tennessee
SUMNER
$ 427,500.00
Tennessee
TROUSDALE
$ 427,500.00
Tennessee
WILLIAMSON
$ 427,500.00
Tennessee
WILSON
$ 427,500.00
Utah
DAVIS
$ 423,750.00
Utah
MORGAN
$ 423,750.00
Utah
SALT LAKE
$ 652,500.00
Utah
SUMMIT
$ 652,500.00
Utah
TOOELE
$ 652,500.00
Utah
WEBER
$ 423,750.00
Virginia
ALBEMARLE
$ 475,000.00
Virginia
ALEXANDRIA
$ 812,500.00
Virginia
AMELIA
$ 582,500.00
Virginia
ARLINGTON
$ 812,500.00
Virginia
CAROLINE
$ 582,500.00
Virginia
CHARLES CITY
$ 582,500.00
Virginia
CHARLOTTESVILLE
$ 475,000.00
Virginia
CHESAPEAKE
$ 498,750.00
Virginia
CHESTERFIELD
$ 582,500.00
Virginia
CLARKE
$ 812,500.00
Virginia
COLONIAL HEIGHT
$ 582,500.00
Virginia
CUMBERLAND
$ 582,500.00
Virginia
DINWIDDIE
$ 582,500.00
Virginia
FAIRFAX
$ 812,500.00
Virginia
FAIRFAX IND
$ 812,500.00
Virginia
FALLS CHURCH
$ 812,500.00
Virginia
FAUQUIER
$ 812,500.00
Virginia
FLUVANNA
$ 475,000.00
Virginia
FREDERICKSBURG
$ 812,500.00
Virginia
GLOUCESTER
$ 498,750.00
Virginia
GOOCHLAND
$ 582,500.00
Virginia
GREENE
$ 475,000.00
Virginia
HAMPTON
$ 498,750.00
Virginia
HANOVER
$ 582,500.00
Virginia
HENRICO
$ 582,500.00
Virginia
HOPEWELL
$ 582,500.00
Virginia
ISLE OF WIGHT
$ 498,750.00
Virginia
JAMES CITY
$ 498,750.00
Virginia
KING AND QUEEN
$ 582,500.00
Virginia
KING WILLIAM
$ 582,500.00
Virginia
LANCASTER
$ 481,250.00
Virginia
LOUDOUN
$ 812,500.00
Virginia
LOUISA
$ 582,500.00
Virginia
MANASSAS
$ 812,500.00
Virginia
MANASSAS PARK
$ 812,500.00
Virginia
MATHEWS
$ 498,750.00
Virginia
NELSON
$ 475,000.00
Virginia
NEW KENT
$ 582,500.00
Virginia
NEWPORT NEWS
$ 498,750.00
Virginia
NORFOLK
$ 498,750.00
Virginia
PETERSBURG
$ 582,500.00
Virginia
POQUOSON
$ 498,750.00
Virginia
PORTSMOUTH
$ 498,750.00
Virginia
POWHATAN
$ 582,500.00
Virginia
PRINCE GEORGE
$ 582,500.00
Virginia
PRINCE WILLIAM
$ 812,500.00
Virginia
RICHMOND IND
$ 582,500.00
Virginia
SPOTSYLVANIA
$ 812,500.00
Virginia
STAFFORD
$ 812,500.00
Virginia
SUFFOLK
$ 498,750.00
Virginia
SURRY
$ 498,750.00
Virginia
SUSSEX
$ 582,500.00
Virginia
VIRGINIA BEACH
$ 498,750.00
Virginia
WARREN
$ 812,500.00
Virginia
WILLIAMSBURG
$ 498,750.00
Virginia
YORK
$ 498,750.00
VI
ST. CROIX
$ 625,500.00
VI
ST. JOHN
$ 677,500.00
VI
ST. THOMAS
$ 625,500.00
Washington
KING
$ 550,000.00
Washington
PIERCE
$ 550,000.00
Washington
SAN JUAN
$ 525,000.00
Washington
SNOHOMISH
$ 550,000.00
West Virginia
JEFFERSON
$ 812,500.00
Wyoming
TETON
$1,000,000.00
What are the benefits of a VA Jumbo loan?
1. No punitive interest rate increase under VA Jumbo loans. Unlike conventional and FHA jumbo loans that can carry up to a full 1% increase or more; this can save you thousands of dollars.
2. No monthly mortgage insurance premiums (PMI) which are required on most mortgages without a 20% down payment which will save you hundreds of dollars per year.
3. Little to no down payment required, so you can keep more money in the bank.
4. VA Jumbo loans do not require perfect credit.
