The Department of Veterans Affairs (VA) has announced the 2017 loan limits in VA Circular 26-16-36 issued December 1, 2016 that are effective for VA loans funding on or after January 1, 2017.
VA loan limits for 2017 will match conventional loan limits as set by the Federal Housing Finance Agency (FHFA) for Fannie Mae and Freddie Mac.
As a reminder, VA does not impose maximum loan amounts. The county limits are used to calculate the maximum guaranty amount. Loan amounts that exceed the county limit will require a down payment from the borrower.
*Actual loan limits for certain high-cost areas may be higher/lower than the maximum loan amount listed above. The complete list of counties, including high-cost counties and their specific maximum loan limit, may be viewed at FHFA
NOTE: County limits do not apply to IRRRLs
If you have any questions, please contact your Account Executive.