A VA Loan is a mortgage issued by mortgage companies and other private lenders such as banks and credit unions. VA does not provide home loans, rather, the loan is guaranteed by VA. This means that the lender is protected against loss if the borrower fails to repay the loan.
VA 2019 Loan Limits for 100% financing
San Diego County: $690,000
Orange County: $726,525
Riverside County: $484,350
Los Angeles County: $626,525
Loan amounts of up to $1,095,050 are possible with a small down payment
You can find the limits for other counties in the US here: VA Loan limits by County
Search for VA Approved Condos to determine if the condo you want is eligible for VA financing. The list can be a bit cryptic so please reach out if you need help with the search.
Search for VA owned homes
This overview is not all inclusive and does not include all guidelines or potential qualifying situations. Contact us or your lender for additional information that applies to your situation.
Laura Borja | Senior Mortgage Consultant | NMLS#199107
Cell: (619) 992-4061
27271 Las Ramblas ste 150 Mission Viejo CA 920691
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This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York. Intended for California Consumers Only.
Ocean Lending Home Loans Inc. NMLS ID #1626788 (www.nmlsconsumeraccess.org). 27271 Las Ramblas ste 150 Mission Viejo CA 92691 (888) 508-5030. All rights reserved. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Ocean Lending is not affiliated with any government agency. Licensed by the Dept of Business Oversight under the California Residential Mortgage Lending Act License # 41DBO-76602 and Finance Lenders Law Lic # 60DBO71981