2014 VA Loan Limits & VA Jumbo Loans in California (By County)

The U.S. Dept. of Veterans Affairs VA Loan Guaranty program just published the California 2014 VA home high cost county loan limits.  Kind of like Goldilocks and the 3 Bears, some counties went up, some down, and some remained the same.

The maximum guaranty amount for loans over $144,000 is 25% of the county loan limit.  Veterans with full entitlement may borrow up to this county limit and VA will guarantee(insure) 25% of the loan amount.

Few Veterans realize mortgage lenders allow them to borrower more than the VA county loan limit (VA jumbo loan) even when they aren’t in a high cost county!

Confused? ==>  Contact me for your VA loan approval, VA entitlement, max loan amount, rate quote & estimate to purchase or refinance

The purpose for the VA issuing the 2014 county loan limit, which is effective Jan. 1, 2014 through Dec. 31, 2014, is to calculate the VA’s maximum guaranty amount which is actually determined by the county median home value set by the FHA.

If a Veteran has used their VA entitlement and it hasn’t been restored, the guaranty amount must be reduced accordingly.  You can view the VA funding fee table here to find out what your funding fee premium is for first time, subsequent users, as well as when purchasing, IRRRL’s, or refinancing.

Related Article: What is a VA Funding Fee and Why Do I Have to Pay it?

How to Borrow More Than the VA’s County Loan Limit

The VA will allow you to borrower more than the new 2014 maximum VA county loan limit if you have a small down payment.    The down payment required is equal to 25% of the difference between the purchase price and the county limit.

Purchase Example ==>  If you were buying a $500,000 home in Riverside County where the VA loan limit is $417,000, the difference is $83,000.  To calculate the down payment needed, simply multiply $83,000 X 25% = $20,750.  That would be the required down payment.

Refinance Example ==> Same as a purchase but the appraised value is used rather than the purchase price.

2014 California VA Loan Limit by County

California County2014 VA Loan Limit (1 unit)
Alameda County$1,050,000
Alpine County$417,000
Amador County$417,000
Butte County$417,000
Calaveras County$417,000
Colusa County$417,000
Contra Costa County$1,050,000
Del Norte County$417,000
El Dorado County$437,500
Fresno County$417,000
Glenn County$417,000
Humboldt County$417,000
Imperial County$417,000
Inyo County$437,500
Kern County$417,000
Kings County$417,000
Lake County$417,000
Lassen County$417,000
Los Angeles County$687,500
Madera County$417,000
Marin County$1,050,000
Mariposa County$417,000
Mendocino County$417,000
Merced County$417,000
Modoc County$417,000
Mono County$417,000
Monterey County$500,000
Napa County$575,000
Nevada County$417,000
Orange County$687,500
Placer County$437,500
Plumas County$417,000
Riverside County$417,000
Sacramento County$437,500
San Benito County$827,500
San Bernardino County$417,000
San Diego County$527,500
San Francisco County$1,050,000
San Joaquin County$417,000
San Luis Obispo County$518,750
San Mateo County$1,050,000
Santa Barbara County$643,750
Santa Clara County$827,500
Santa Cruz County$681,250
Shasta County$417,000
Sierra County$417,000
Siskiyou County$417,000
Solano County$417,000
Sonoma County$500,000
Stanislaus County$417,000
Sutter County$417,000
Tehama County$417,000
Trinity County$417,000
Tulare County$417,000
Tuolumne County$417,000
Ventura County$556,250
Yolo County$437,500
Yuba County$417,000


Contact me, a local VA loan specialist, or call direct (951) 215-6119 to secure your VA mortgage and get your questions answered. 

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