Fortunately, the VA loan limit in Riverside County for 2014 remains at $417,000, the same as last year.
Related Post ==> How to Qualify for a VA No-No Mortgage
While FHA was busy reducing their loan limits in 2014, the VA actually had minor increases to their VA loan limits in other Southern California counties, which will make VA financing even more attractive than FHA financing.
To learn how you can borrower MORE than the VA loan limit (VA Jumbo loan) allows for in Riverside County when buying or refinancing, click here.
|San Bernardino County||$417,000|
|San Diego County||$527,500|
|Los Angeles County||$687,500|
Read the VA Circular 26-13-28 that announced the changes.
VA loans are very popular in Riverside County due to March Air Reserve Base (Moreno Valley & Riverside area) and the many retired veterans and active duty service members who live in the Temecula, Murrieta, Menifee, French Valley, and Winchester who commute to the Marine Corps Base Camp Pendleton and the many Naval and Marine Corps air stations in San Diego.
If you would like to view an estimate of closing costs and payment when using a VA loan to purchase or refinance your home, contact me or call (951) 215-6119.