Danny Salas
New VA Loan Limits
The VA county loan limits for 2012 have finally been posted on the Department of Veterans Affairs (VA) Home Loan Limits website. Loan limits for counties in the contiguous United States will range from $417,000 to a maximum of $625,500, depending on the median county home price. Loan limits in some counties have decreased but this does not impact IRRRL transactions which can remain at current limits.
The VA is alerting lenders that it is possible that Congress may pass legislation in the near future increasing the limits. Please note that the limits apply for loans closed from January 1, 2012 through September 30, 2012
2012 VA County Loan Limits from US Department of Veteran Affairs
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