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 2018 Loan Limits for 100% financing
San Diego County: $649,750
Orange County: $679,650
Riverside County: $453,100
Los Angeles County: $679,650
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.