VA Loan Limits in Orange County

Are you looking for your next home in Orange County? Whether you plan to buy a home in Orange County or build your own, you should explore if the VA loan program is right for you.

The VA program helps eligible military members purchase or refinance a home with options for 100% financing and a guarantee from the VA. Thanks to the Blue Water Navy Bill, big changes to the Orange County VA loan limit have take place!

Changes to the VA Loan Limit in Orange County

The Orange County VA loan limit used to constrict 100% financing to the old high-balance loan limit. This figure limited the amount of loan you could get with zero down payment. Due to the higher-priced homes in Orange County, the high-balance limit always exceeded the conforming VA home loan limit which applied to other nearby counties.

Thanks to the Blue Water Navy Bill, VA loan limits have all but been eliminated for Veterans with full VA loan entitlement. Eligible Veterans may be able to receive 100% financing regardless of the purchase price of their home.

Watch this brief video to understand why and discover how the VA Conforming & VA Jumbo Loan Limits still apply.

Veterans without full entitlement will still need to follow the conforming VA loan limits. You may be able to restore your VA loan entitlement. Speak with a VA loan program expert to see what options are available to you. A VA loan refinance could help you restore full entitlement so that you can take advantage of the Orange County VA loan limit 2019 to 2020 changes.

How Does This Differ from previous Orange County VA Loan Limits?

The new Orange County VA loan limit rules make it possible for Veterans to get a higher-value home without needing a down payment. However, this change doesn’t automatically give you access to unlimited funds to purchase a home. You’ll still need to pass your lender’s credit and underwriting requirements.

The previous Orange County VA loan limits followed the conforming high balance loan limits. Since January 2020, the conforming high balance loan limit for Orange County applies to conventional loan programs, but it is no longer relevant to VA loan borrowers.

While VA county loan limits are going away, your lender will still use loan limits to determine if you need a conforming VA loan or jumbo VA loan.

Other Changes to VA Loans

In addition to the Orange County VA loan limit, there are also small changes coming to VA loan guidelines in regards to the VA Funding Fee. Most active-duty military buyers are likely to see an increase in the fees they pay. On the other hand, most Reservists will see a slight drop in the cost of their fees. Additionally, Purple Heart recipients are now exempt from the VA Funding Fee. Previously, only Purple Heart recipients on disability were eligible for the exemption.

Here Are The Cities Where the Loan Limit Changes Apply:

City of Aliso Viejo
City of Anaheim
City of Brea
City of Buena Park
City of Costa Mesa
City of Cypress
City of Dana Point
City of Fountain Valley
City of Fullerton
City of Garden Grove
City of Huntington Beach
City of Irvine
City of La Habra
City of La Palma
City of Laguna Beach
City of Laguna Hills
City of Laguna Niguel
City of Laguna Woods
City of Lake Forest
City of Los Alamitos
City of Mission Viejo
City of Newport Beach
City of Orange
City of Placentia
City of Rancho Santa Margarita
City of San Clemente
City of San Juan Capistrano
City of Santa Ana
City of Seal Beach
City of Stanton
City of Tustin
City of Villa Park
City of Westminster
City of Yorba Linda

Here Are The Zip Codes Where These Loan Limit Changes Apply:

92683
92677
92804
92627
92618
92630
92647
92620
92646
92648
92805
92656
92626
92704
92708
92801
92780
92692
90630
92870
92530
92886
92691
92688
92833
92660
90740
92840
92705
92649
92612
92703
92707
92806
90620
92867
92831
92629
92807
92651
92637
92701
92802
92694
92675
92869
92614
90621
92843
92883
92602
92663
92782
92653
92673
92679
92706
92604
90680
92841
92835
92832
90720
92868
92606
92603
92808
92887
92625
92865
92844
92866
92845
90623
92617
92657
92610
92624
92655
92661
92823
92662
92658
92842
92861
92781
92619
92623
92822
92685
92863
92674
92652
92803
92615
92799
92690
92728
92659
92628
92654
92711
92609
92834
92676
92607
92684
90742
92815
92871
92605
90632
92702
92817
92814
92812
92885
90622
92616
92693
90633
92856
92809
92836
92837
92678
92846
92859
92816
92838
90743
92811
92735
92825
92857
90721
92650
92697
92698
92709
92710
92712
92725
92850
92862
92864
90624
92899

Take Advantage of Orange County VA Loan Limits! There are none...reach for the sky!

At SoCal VA Homes, we’re dedicated to helping Veterans purchase or build their dream home. Let us help you learn more about the VA loan changes. Get started finding your dream home in Orange County with SoCal VA Homes today.