2013 VA County Loan Limits For California

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The Department of Veterans Affairs (VA) Loan Guaranty program does not set a maximum amount that an eligible veteran may borrow using a VA guaranteed loan. However, the following county “limits” must be used to calculate VA’s maximum guaranty amount for a particular county. These limits apply to all loans closed January 1, 2013 through December 31, 2013. VA loan limits are based off county median home values estimated by the Federal Housing Administration (FHA). These values are the basis for which VA calculates limits for our program. For 2013, some limits increased, some stayed the same and a few decreased.

The maximum guaranty amount (available for loans over $144,000) is 25 percent of the 2013 VA limit shown below. Therefore, a veteran with full entitlement available may borrow up to the 2013 VA limit shown below and VA will guarantee 25 percent of the loan amount. If a veteran has previously used entitlement that has not been restored, the maximum guaranty amount available to that veteran must be reduced accordingly. Lenders should check their own investor requirements regarding guaranty amounts and downpayments. Questions about VA loans in a particular county may be directed to the VA Regional Loan Center listed for that county.

NOTE: For all counties other than those listed below, the limit is $417,000.

ALAMEDA $987,500

CONTRA COSTA $987,500

LOS ANGELES $668,750

MARIN $987,500

MONO $437,500

MONTEREY $425,000

NAPA $521,250

ORANGE $668,750

SAN BENITO $823,750

SAN DIEGO $500,000

SAN FRANCISCO $987,500

SAN LUIS OBISPO $481,250

SAN MATEO $987,500

SANTA BARBARA $593,750

SANTA CLARA $823,750

SANTA CRUZ $668,750

SONOMA $448,750

VENTURA $546,250

The above information was originally posted on the Department of Veteran Affairs Web site.

http://benefits.va.gov/HOMELOANS/purchaseco_loan_limits.asp?expandable=0&subexpandable=0

http://benefits.va.gov/HOMELOANS/documents/docs/2013_county_loan_limits.pdf