VA Financial loan Boundaries for 2009

The update VA mortgage limitations have been up to date a dispersed by the VA. The chart beneath signifies the maximum one hundred% VA mortgage limit by county for 2009. All other counties not listed beneath will keep on being at the conforming limit of $417,000.

Please maintain in mind that it is continue to achievable by means of VA to get a property mortgage previously mentioned and over and above these latest limitations. However, a 25% down payment is demanded on the variation. For case in point, if a competent veteran borrower buys a household for $600,000 the least demanded down payment would be calculated as such:

one. $600,000 (Purchase Price) minus the $417,000 (maximum one hundred% limit for a normal price tag place) = $183,000

2. 25% of $183,000 is $forty five,750, or just seven.six% of the buy value

three. The applicable VA funding payment above the $417,000 limit would want to both be paid out by the veteran borrower or seller.

VA Financial loan Boundaries for 2009 – for one hundred% funding

Point out

COUNTY

2009 VA Limit

Alaska

ALEUTIANS EAST

$ 625,500.00

Alaska

ALEUTIANS WEST

$ 625,500.00

Alaska

ANCHORAGE

$ 625,500.00

Alaska

BETHEL

$ 625,500.00

Alaska

BRISTOL BAY

$ 625,500.00

Alaska

DENALI

$ 625,500.00

Alaska

DILLINGHAM

$ 625,500.00

Alaska

FAIRBANKS NORTH

$ 625,500.00

Alaska

HAINES

$ 625,500.00

Alaska

JUNEAU

$ 625,500.00

Alaska

KENAI PENINSULA

$ 625,500.00

Alaska

KETCHIKAN GATEWAY

$ 625,500.00

Alaska

KODIAK ISLAND

$ 625,500.00

Alaska

LAKE AND PENINSULA

$ 625,500.00

Alaska

MATANUSKA-SUSITNA

$ 625,500.00

Alaska

NOME

$ 625,500.00

Alaska

NORTH SLOPE

$ 625,500.00

Alaska

NORTHWEST ARCTIC

$ 625,500.00

Alaska

PRINCE OF WALES

$ 625,500.00

Alaska

SITKA

$ 625,500.00

Alaska

SKAGWAY-HOONAH-ANGOO

$ 625,500.00

Alaska

SOUTHEAST FAIRBANKS

$ 625,500.00

Alaska

VALDEZ-CORDOVA

$ 625,500.00

Alaska

WADE HAMPTON

$ 625,500.00

Alaska

WRANGELL-PETERS

$ 625,500.00

Alaska

YAKUTAT City

$ 625,500.00

Alaska

YUKON-KOYUKUK

$ 625,500.00

California

ALAMEDA

$one,094,625.00

California

ALPINE

$ 503,750.00

California

CONTRA COSTA

$one,094,625.00

California

EL DORADO

$ 516,250.00

California

LOS ANGELES

$ 737,500.00

California

MARIN

$one,094,625.00

California

MONO

$ 575,000.00

California

MONTEREY

$ 525,000.00

California

NAPA

$ 643,750.00

California

NEVADA

$ 518,750.00

California

ORANGE

$ 737,500.00

California

PLACER

$ 516,250.00

California

SACRAMENTO

$ 516,250.00

California

SAN BENITO

$ 937,500.00

California

SAN DIEGO

$ 593,750.00

California

SAN FRANCISCO

$one,094,625.00

California

SAN LUIS OBISPO

$ 610,000.00

California

SAN MATEO

$one,094,625.00

California

SANTA BARBARA

$ 656,250.00

California

SANTA CLARA

$ 937,500.00

California

SANTA CRUZ

$ 805,000.00

California

SOLANO

$ 435,000.00

California

SONOMA

$ 566,250.00

California

VENTURA

$ 650,000.00

California

YOLO

$ 516,250.00

Colorado

BOULDER

$ 437,500.00

Colorado

EAGLE

$ 887,500.00

Colorado

GARFIELD

$ 450,000.00

Colorado

HINSDALE

$ 460,000.00

Colorado

LAKE

$ 887,500.00

Colorado

OURAY

$ 456,250.00

Colorado

PITKIN

$one,094,625.00

Colorado

ROUTT

$ 690,000.00

Colorado

SAN MIGUEL

$ 962,500.00

Colorado

SUMMIT

$ 785,000.00

Connecticut

FAIRFIELD

$ 556,250.00

District of Columbia

DISTRICT OF COLUMBIA

$ 812,500.00

Florida

COLLIER

$ 487,500.00

Florida

MONROE

$ 575,000.00

Ga

GREENE

$ 560,000.00

Guam

GUAM

$ 625,500.00

Hawaii

HAWAII

$ 625,500.00

Hawaii

HONOLULU

$ 783,750.00

Hawaii

KALAWAO

$ 656,250.00

Hawaii

KAUAI

$ 775,000.00

Hawaii

MAUI

$ 681,250.00

Idaho

BLAINE

$ 497,500.00

Idaho

TETON

$one,000,000.00

Massachusetts

BARNSTABLE

$ 441,250.00

Massachusetts

BRISTOL

$ 463,750.00

Massachusetts

DUKES

$ 736,250.00

Massachusetts

ESSEX

$ 506,250.00

Massachusetts

MIDDLESEX

$ 506,250.00

Massachusetts

NANTUCKET

$one,094,625.00

Massachusetts

NORFOLK

$ 506,250.00

Massachusetts

PLYMOUTH

$ 506,250.00

Massachusetts

SUFFOLK

$ 506,250.00

Maryland

ANNE ARUNDEL

$ 537,500.00

Maryland

BALTIMORE

$ 537,500.00

Maryland

BALTIMORE City

$ 537,500.00

Maryland

CALVERT

$ 812,500.00

Maryland

CARROLL

$ 537,500.00

Maryland

CHARLES

$ 812,500.00

Maryland

FREDERICK

$ 812,500.00

Maryland

HARFORD

$ 537,500.00

Maryland

HOWARD

$ 537,500.00

Maryland

MONTGOMERY

$ 812,500.00

Maryland

PRINCE GEORGE’S

$ 812,500.00

Maryland

QUEEN ANNE’S

$ 537,500.00

MP

NORTHERN ISLAND

$ 570,000.00

MP

ROTA

$ 446,250.00

MP

SAIPAN

$ 575,000.00

MP

TINIAN

$ 578,750.00

North Carolina

CAMDEN

$ 812,500.00

North Carolina

CURRITUCK

$ 498,750.00

North Carolina

DARE

$ 425,000.00

North Carolina

HYDE

$ 525,000.00

North Carolina

PASQUOTANK

$ 812,500.00

North Carolina

PERQUIMANS

$ 812,500.00

New Hampshire

ROCKINGHAM

$ 506,250.00

New Hampshire

STRAFFORD

$ 506,250.00

New Jersey

BERGEN

$ 747,500.00

New Jersey

CAPE May well

$ 450,000.00

New Jersey

ESSEX

$ 747,500.00

New Jersey

HUDSON

$ 747,500.00

New Jersey

HUNTERDON

$ 747,500.00

New Jersey

MIDDLESEX

$ 747,500.00

New Jersey

MONMOUTH

$ 747,500.00

New Jersey

MORRIS

$ 747,500.00

New Jersey

OCEAN

$ 747,500.00

New Jersey

PASSAIC

$ 747,500.00

New Jersey

SOMERSET

$ 747,500.00

New Jersey

SUSSEX

$ 747,500.00

New Jersey

UNION

$ 747,500.00

New York

BRONX

$ 747,500.00

New York

KINGS

$ 747,500.00

New York

NASSAU

$ 747,500.00

New York

NEW YORK

$ 747,500.00

New York

PUTNAM

$ 747,500.00

New York

QUEENS

$ 747,500.00

New York

RICHMOND

$ 747,500.00

New York

ROCKLAND

$ 747,500.00

New York

SUFFOLK

$ 747,500.00

New York

WESTCHESTER

$ 747,500.00

Pennsylvania

PIKE

$ 747,500.00

Rhode Island

BRISTOL

$ 463,750.00

Rhode Island

KENT

$ 463,750.00

Rhode Island

NEWPORT

$ 463,750.00

Rhode Island

PROVIDENCE

$ 463,750.00

Rhode Island

WASHINGTON

$ 463,750.00

Tennessee

CANNON

$ 427,500.00

Tennessee

CHEATHAM

$ 427,500.00

Tennessee

DAVIDSON

$ 427,500.00

Tennessee

DICKSON

$ 427,500.00

Tennessee

HICKMAN

$ 427,500.00

Tennessee

MACON

$ 427,500.00

Tennessee

ROBERTSON

$ 427,500.00

Tennessee

RUTHERFORD

$ 427,500.00

Tennessee

SMITH

$ 427,500.00

Tennessee

SUMNER

$ 427,500.00

Tennessee

TROUSDALE

$ 427,500.00

Tennessee

WILLIAMSON

$ 427,500.00

Tennessee

WILSON

$ 427,500.00

Utah

DAVIS

$ 423,750.00

Utah

MORGAN

$ 423,750.00

Utah

SALT LAKE

$ 652,500.00

Utah

SUMMIT

$ 652,500.00

Utah

TOOELE

$ 652,500.00

Utah

WEBER

$ 423,750.00

Virginia

ALBEMARLE

$ 475,000.00

Virginia

ALEXANDRIA

$ 812,500.00

Virginia

AMELIA

$ 582,500.00

Virginia

ARLINGTON

$ 812,500.00

Virginia

CAROLINE

$ 582,500.00

Virginia

CHARLES City

$ 582,500.00

Virginia

CHARLOTTESVILLE

$ 475,000.00

Virginia

CHESAPEAKE

$ 498,750.00

Virginia

CHESTERFIELD

$ 582,500.00

Virginia

CLARKE

$ 812,500.00

Virginia

COLONIAL Peak

$ 582,500.00

Virginia

CUMBERLAND

$ 582,500.00

Virginia

DINWIDDIE

$ 582,500.00

Virginia

FAIRFAX

$ 812,500.00

Virginia

FAIRFAX IND

$ 812,500.00

Virginia

FALLS CHURCH

$ 812,500.00

Virginia

FAUQUIER

$ 812,500.00

Virginia

FLUVANNA

$ 475,000.00

Virginia

FREDERICKSBURG

$ 812,500.00

Virginia

GLOUCESTER

$ 498,750.00

Virginia

GOOCHLAND

$ 582,500.00

Virginia

GREENE

$ 475,000.00

Virginia

HAMPTON

$ 498,750.00

Virginia

HANOVER

$ 582,500.00

Virginia

HENRICO

$ 582,500.00

Virginia

HOPEWELL

$ 582,500.00

Virginia

ISLE OF WIGHT

$ 498,750.00

Virginia

JAMES City

$ 498,750.00

Virginia

KING AND QUEEN

$ 582,500.00

Virginia

KING WILLIAM

$ 582,500.00

Virginia

LANCASTER

$ 481,250.00

Virginia

LOUDOUN

$ 812,500.00

Virginia

LOUISA

$ 582,500.00

Virginia

MANASSAS

$ 812,500.00

Virginia

MANASSAS PARK

$ 812,500.00

Virginia

MATHEWS

$ 498,750.00

Virginia

NELSON

$ 475,000.00

Virginia

NEW KENT

$ 582,500.00

Virginia

NEWPORT News

$ 498,750.00

Virginia

NORFOLK

$ 498,750.00

Virginia

PETERSBURG

$ 582,500.00

Virginia

POQUOSON

$ 498,750.00

Virginia

PORTSMOUTH

$ 498,750.00

Virginia

POWHATAN

$ 582,500.00

Virginia

PRINCE GEORGE

$ 582,500.00

Virginia

PRINCE WILLIAM

$ 812,500.00

Virginia

RICHMOND IND

$ 582,500.00

Virginia

SPOTSYLVANIA

$ 812,500.00

Virginia

STAFFORD

$ 812,500.00

Virginia

SUFFOLK

$ 498,750.00

Virginia

SURRY

$ 498,750.00

Virginia

SUSSEX

$ 582,500.00

Virginia

VIRGINIA Beach

$ 498,750.00

Virginia

WARREN

$ 812,500.00

Virginia

WILLIAMSBURG

$ 498,750.00

Virginia

YORK

$ 498,750.00

VI

ST. CROIX

$ 625,500.00

VI

ST. JOHN

$ 677,500.00

VI

ST. THOMAS

$ 625,500.00

Washington

KING

$ 550,000.00

Washington

PIERCE

$ 550,000.00

Washington

SAN JUAN

$ 525,000.00

Washington

SNOHOMISH

$ 550,000.00

West Virginia

JEFFERSON

$ 812,500.00

Wyoming

TETON

$one,000,000.00

What are the gains of a VA Jumbo mortgage?

one. No punitive desire price enhance under VA Jumbo loans. Unlike standard and FHA jumbo loans that can carry up to a full one% enhance or a lot more this can help you save you hundreds of dollars.

2. No month to month home loan insurance rates (PMI) which are demanded on most mortgages with out a 20% down payment which will help you save you hundreds of dollars for each year.

three. Minimal to no down payment demanded, so you can maintain a lot more money in the financial institution.

four. VA Jumbo loans do not involve best credit.