VA Loan Limit

A VA loan limit is the maximum amount a veteran can borrow without needing to make a down payment. In most places, the limit follows a standard amount, but some areas are considered “high-cost counties” such as the coast and the Bay Area because home prices are much higher than average.

In these high-cost counties, the VA loan limit is increased to help veterans buy homes in expensive areas without needing a down payment.

For example, if the standard VA loan limit is $726,200, but you’re buying in a high-cost county, the limit could be $1,209, 750 (or more, depending on the area). If a Veteran wanted to buy a duplex, triplex, or 4 plex in Bay Area or our coast, and live in one of the units, your loan mlimit would be $1,548,975 for a Duplex, $1,872,225 for a Triplex, and $2,326,875 for a 4 plex. This means you can get a VA loan up to that higher amount without needing a down payment.

However, if you want to borrow more than the limit, you might have to make a down payment on the extra amount.

Reach out to Dan Joy and his team who personally purchased properties with his VA Loan and can guide you through the process honestly.