The Department of Veterans Affairs (VA) announced the 2014 VA County Loan Limits in VA Circular 26-13-28 issued December 18, 2013.  The VA county loan limits are used to calculate the maximum guaranty amount.

The new county limits apply to loans closed on or after January 1, 2014 and apply to purchase and standard refinance transactions only; county loan limits do not apply to IRRRL transactions.

In the event the 2014 county limit is lower than the 2013 county limit, VA will honor the 2013 limit for loans in process subject to the following:

  • Purchase transactions:  The sales contract signed by the seller(s) and buyer(s) and the loan application, signed by the borrower(s) and broker, were signed prior to January 1, 2014.
  • Refinance transactions (non-IRRRL):  The loan application was signed by the borrower(s) and broker prior to January 1, 2014.

As a reminder, VA does not have a maximum loan amount; loans can be made in excess of the county limit, however any loan amount over the county limit will require a down payment from the borrower.

The 2014 county loan limits are available on the VA website at 2014 VA County Loan Limits.  Counties not identified on the 2014 VA County Loan Limits list, the county limit is $417,000.

If you have any questions, please contact your Account Executive.

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