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VA Loan Limits / 4 posts found

2019 VA Loan Limit For Riverside County

by So Cal VA Homes
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VA loan limits have increased from previous years, and this is good news! Loan limits matter when thinking about affordability and how much house you can get for your hard-earned money. VA loan limits officially changed on January 1, 2019 in response to rising home prices in 2018. Since loan limits have increased from $453,100 to $484,350, Veterans now have 6.9% more to work with when purchasing a house. Home prices are expected to rise slightly over the next year, but you will still have a lot to work with when using your VA loan. Because the median home price […]

What is a VA Jumbo Loan?

by So Cal VA Homes
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VA jumbo loans are an attractive option for a buyer who is interested in homes in a higher priced community. This type of loan makes higher-priced homes more achievable and does not require the kind of down payments as a conventional loan. If you have ever wondered whether you can exceed the loan limits in California, which are set by government agencies, the quick answer is “yes!” VA jumbo loans are used in exactly those situations when the purchase price is over the loan limit for the county. Let’s go back to the basics of VA loans in order to […]

Affordability and Loan Limits for Los Angeles County

by So Cal VA Homes
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If you are a Veteran who is thinking about moving to Los Angeles County, then you might be concerned about affordability. While it is true that the cost of living in Los Angeles is higher than the cost of living for counties located just east (e.g., Riverside County), you might be pleasantly surprised to know that your VA entitlements can make purchasing a home in Los Angeles easier than it may seem. Consider this: current interest rates are at historic lows and as Veteran, you do not have to pay for Private Mortgage Insurance (PMI). You might be wondering about […]

VA Loan Limits Rise in 2019

by So Cal VA Homes
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VA loan limits have changed as of January 1, 2019. They have increased from previous years, and this is good news! Loan limits matter when thinking about affordability and how much house you can get for your money. Since loan limits have increased from $453,100 to $484,350, Veterans now have 6.9% more to work with wherever they decide to purchase a house. But this is even better news if you plan to buy in San Diego. Why? Because San Diego is considered a “high-cost county” based on the higher-than-average cost of homes when compared to other places within the United […]

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