Whether you are a first-time homebuyer, or are experienced with the VA Home Purchase process, buying a home is one of the most important decisions you will ever make.
Also, Santa Rosa and Sonoma County VA loans will become less expensive! Effective October 1, 2011 the Veterans Administration has lowered the funding Fee for all VA loans!
VA Loan Limits for 2012 – California
VA Announces 2012 VA Loan Limits for California
The VA has announced 2012VA loan Limits that become effective Jan 1, 2012 and last until Dec 31, 2012. The VA Loan Limits in 2012 are capped at $625,500 due to changes in the formula the Veterans Administration is required to use.
Loan Limits in California counties such as Alameda, Contra Costa, Marin, San Benito, San Francisco, San mateo, and Santa Clara are now at $625,500. Los Angeles and Orange Counties are now at $621,000. Santa Barbara county is at $598,000, and San Diego has a $477,000 VA Loan limit for 2012.
Please see the entire list of CA VA Loan Limits below, any counties not listed have a $417K VA Loan Limit for 2012.
VA loans are available for higher loan amounts than the County VA Loan Limit. The County VA Loan Limit is the full amount for 100% VA Financing. VA allows you to exceed the county limits as long as there is sufficient equity or down payment to reach the VA Guarantee requirements of 25%.
STATE
COUNTY
2012 VA LIMIT
CA
ALAMEDA
$625,500
CA
CONTRA COSTA
$625,500
CA
LOS ANGELES
$621,000
CA
MARIN
$625,500
CA
NAPA
$460,000
CA
ORANGE
$621,000
CA
SAN BENITO
$625,500
CA
SAN DIEGO
$477,000
CA
SAN FRANCISCO
$625,500
CA
SAN LUIS OBISPO
$457,700
CA
SAN MATEO
$625,500
CA
SANTA BARBARA
$598,000
CA
SANTA CLARA
$625,500
CA
SANTA CRUZ
$610,650
CA
SONOMA
$419,750
CA
VENTURA
$518,650
I am available to assist veterans and their families with their VA Home Loans in Santa Rosa, Sonoma county, the bat area ands all of California! I have knowledge and experience with VA Loans and will help guide you through the loan process. My objective is to make the process of obtaining your VA Mortgage Loan as easy as possible. Apply Now!
Most veterans are eligible for Veterans Benefits. A VA Home Loan benefit is very often the best choice if you are planning on purchasing a home. An example of the advantages of a VA Loan: the opportunity to get a loan without a down payment and with a fixed loan interest rate that can be as good as or even better than conventional rates. The ease of a VA Home Loan is one of the first reasons an eligible borrower might choose this program. How much effort is needed to get a VA home loan? A few simple documents are all it takes to determine pre-approval. Many borrowers have found assurance in the loan process by knowing their loan meets the requirements for the Veterans Administration Guaranty. If you obtain a VA Loan, your loan is guaranteed or insured under the Home Loan Guaranty Program, which is administered under the Veterans Benefits Administration (VBA). American Pacific Mortgage has obtained special licensing and follows specific guidelines and auditing requirements in order to do VA Mortgages. You can receive a FREE REPORT to help you determine if you qualify for a VA Home Loan.
The Veterans Administration offers the Veteran an array of flexible VA Home Loan Refinance programs. These programs are designed to help its active duty, reservists and retired service men and women accomplish various VA refinance goals. Whether your refinance needs are to Consolidate Debt, access Cash from equity for home improvements or other reasons, or to simply Lower Your Interest rate, or alter your loan type and/or loan term, today’s VA Loan Refinance programs can help accomplish your goals at the best possible interest rates and lowest possible costs in the marketplace.
I will analyze your present circumstances and help you determine the best and least costly means of accomplishing your VA Refinance objectives.