VA Loan Limits for 2009

The update VA loan limits have been updated a distributed by the VA. The chart below represents the maximum 100% VA loan limit by county for 2009. All other counties not listed below will remain at the conforming limit of $417,000.

Please keep in mind that it is still possible through VA to get a home loan above and beyond these current limits. However, a 25% down payment is required on the difference. For example, if a qualified veteran borrower purchases a house for $600,000 the minimum required down payment would be calculated as such:

1. $600,000 (Purchase Price) minus the $417,000 (maximum 100% limit for a normal cost area) = $183,000

2. 25% of $183,000 is $45,750, or just 7.6% of the purchase price

3. The applicable VA funding fee over the $417,000 limit would need to either be paid by the veteran borrower or seller.

VA Loan Limits for 2009 ? for 100% financing

STATE

COUNTY

2009 VA LIMIT

Alaska

ALEUTIANS EAST

$ 625,500.00

Alaska

ALEUTIANS WEST

$ 625,500.00

Alaska

ANCHORAGE

$ 625,500.00

Alaska

BETHEL

$ 625,500.00

Alaska

BRISTOL BAY

$ 625,500.00

Alaska

DENALI

$ 625,500.00

Alaska

DILLINGHAM

$ 625,500.00

Alaska

FAIRBANKS NORTH

$ 625,500.00

Alaska

HAINES

$ 625,500.00

Alaska

JUNEAU

$ 625,500.00

Alaska

KENAI PENINSULA

$ 625,500.00

Alaska

KETCHIKAN GATEWAY

$ 625,500.00

Alaska

KODIAK ISLAND

$ 625,500.00

Alaska

LAKE AND PENINSULA

$ 625,500.00

Alaska

MATANUSKA-SUSITNA

$ 625,500.00

Alaska

NOME

$ 625,500.00

Alaska

NORTH SLOPE

$ 625,500.00

Alaska

NORTHWEST ARCTIC

$ 625,500.00

Alaska

PRINCE OF WALES

$ 625,500.00

Alaska

SITKA

$ 625,500.00

Alaska

SKAGWAY-HOONAH-ANGOO

$ 625,500.00

Alaska

SOUTHEAST FAIRBANKS

$ 625,500.00

Alaska

VALDEZ-CORDOVA

$ 625,500.00

Alaska

WADE HAMPTON

$ 625,500.00

Alaska

WRANGELL-PETERS

$ 625,500.00

Alaska

YAKUTAT CITY

$ 625,500.00

Alaska

YUKON-KOYUKUK

$ 625,500.00

California

ALAMEDA

$1,094,625.00

California

ALPINE

$ 503,750.00

California

CONTRA COSTA

$1,094,625.00

California

EL DORADO

$ 516,250.00

California

LOS ANGELES

$ 737,500.00

California

MARIN

$1,094,625.00

California

MONO

$ 575,000.00

California

MONTEREY

$ 525,000.00

California

NAPA

$ 643,750.00

California

NEVADA

$ 518,750.00

California

ORANGE

$ 737,500.00

California

PLACER

$ 516,250.00

California

SACRAMENTO

$ 516,250.00

California

SAN BENITO

$ 937,500.00

California

SAN DIEGO

$ 593,750.00

California

SAN FRANCISCO

$1,094,625.00

California

SAN LUIS OBISPO

$ 610,000.00

California

SAN MATEO

$1,094,625.00

California

SANTA BARBARA

$ 656,250.00

California

SANTA CLARA

$ 937,500.00

California

SANTA CRUZ

$ 805,000.00

California

SOLANO

$ 435,000.00

California

SONOMA

$ 566,250.00

California

VENTURA

$ 650,000.00

California

YOLO

$ 516,250.00

Colorado

BOULDER

$ 437,500.00

Colorado

EAGLE

$ 887,500.00

Colorado

GARFIELD

$ 450,000.00

Colorado

HINSDALE

$ 460,000.00

Colorado

LAKE

$ 887,500.00

Colorado

OURAY

$ 456,250.00

Colorado

PITKIN

$1,094,625.00

Colorado

ROUTT

$ 690,000.00

Colorado

SAN MIGUEL

$ 962,500.00

Colorado

SUMMIT

$ 785,000.00

Connecticut

FAIRFIELD

$ 556,250.00

District of Columbia

DISTRICT OF COLUMBIA

$ 812,500.00

Florida

COLLIER

$ 487,500.00

Florida

MONROE

$ 575,000.00

Georgia

GREENE

$ 560,000.00

Guam

GUAM

$ 625,500.00

Hawaii

HAWAII

$ 625,500.00

Hawaii

HONOLULU

$ 783,750.00

Hawaii

KALAWAO

$ 656,250.00

Hawaii

KAUAI

$ 775,000.00

Hawaii

MAUI

$ 681,250.00

Idaho

BLAINE

$ 497,500.00

Idaho

TETON

$1,000,000.00

Massachusetts

BARNSTABLE

$ 441,250.00

Massachusetts

BRISTOL

$ 463,750.00

Massachusetts

DUKES

$ 736,250.00

Massachusetts

ESSEX

$ 506,250.00

Massachusetts

MIDDLESEX

$ 506,250.00

Massachusetts

NANTUCKET

$1,094,625.00

Massachusetts

NORFOLK

$ 506,250.00

Massachusetts

PLYMOUTH

$ 506,250.00

Massachusetts

SUFFOLK

$ 506,250.00

Maryland

ANNE ARUNDEL

$ 537,500.00

Maryland

BALTIMORE

$ 537,500.00

Maryland

BALTIMORE CITY

$ 537,500.00

Maryland

CALVERT

$ 812,500.00

Maryland

CARROLL

$ 537,500.00

Maryland

CHARLES

$ 812,500.00

Maryland

FREDERICK

$ 812,500.00

Maryland

HARFORD

$ 537,500.00

Maryland

HOWARD

$ 537,500.00

Maryland

MONTGOMERY

$ 812,500.00

Maryland

PRINCE GEORGE’S

$ 812,500.00

Maryland

QUEEN ANNE’S

$ 537,500.00

MP

NORTHERN ISLAND

$ 570,000.00

MP

ROTA

$ 446,250.00

MP

SAIPAN

$ 575,000.00

MP

TINIAN

$ 578,750.00

North Carolina

CAMDEN

$ 812,500.00

North Carolina

CURRITUCK

$ 498,750.00

North Carolina

DARE

$ 425,000.00

North Carolina

HYDE

$ 525,000.00

North Carolina

PASQUOTANK

$ 812,500.00

North Carolina

PERQUIMANS

$ 812,500.00

New Hampshire

ROCKINGHAM

$ 506,250.00

New Hampshire

STRAFFORD

$ 506,250.00

New Jersey

BERGEN

$ 747,500.00

New Jersey

CAPE MAY

$ 450,000.00

New Jersey

ESSEX

$ 747,500.00

New Jersey

HUDSON

$ 747,500.00

New Jersey

HUNTERDON

$ 747,500.00

New Jersey

MIDDLESEX

$ 747,500.00

New Jersey

MONMOUTH

$ 747,500.00

New Jersey

MORRIS

$ 747,500.00

New Jersey

OCEAN

$ 747,500.00

New Jersey

PASSAIC

$ 747,500.00

New Jersey

SOMERSET

$ 747,500.00

New Jersey

SUSSEX

$ 747,500.00

New Jersey

UNION

$ 747,500.00

New York

BRONX

$ 747,500.00

New York

KINGS

$ 747,500.00

New York

NASSAU

$ 747,500.00

New York

NEW YORK

$ 747,500.00

New York

PUTNAM

$ 747,500.00

New York

QUEENS

$ 747,500.00

New York

RICHMOND

$ 747,500.00

New York

ROCKLAND

$ 747,500.00

New York

SUFFOLK

$ 747,500.00

New York

WESTCHESTER

$ 747,500.00

Pennsylvania

PIKE

$ 747,500.00

Rhode Island

BRISTOL

$ 463,750.00

Rhode Island

KENT

$ 463,750.00

Rhode Island

NEWPORT

$ 463,750.00

Rhode Island

PROVIDENCE

$ 463,750.00

Rhode Island

WASHINGTON

$ 463,750.00

Tennessee

CANNON

$ 427,500.00

Tennessee

CHEATHAM

$ 427,500.00

Tennessee

DAVIDSON

$ 427,500.00

Tennessee

DICKSON

$ 427,500.00

Tennessee

HICKMAN

$ 427,500.00

Tennessee

MACON

$ 427,500.00

Tennessee

ROBERTSON

$ 427,500.00

Tennessee

RUTHERFORD

$ 427,500.00

Tennessee

SMITH

$ 427,500.00

Tennessee

SUMNER

$ 427,500.00

Tennessee

TROUSDALE

$ 427,500.00

Tennessee

WILLIAMSON

$ 427,500.00

Tennessee

WILSON

$ 427,500.00

Utah

DAVIS

$ 423,750.00

Utah

MORGAN

$ 423,750.00

Utah

SALT LAKE

$ 652,500.00

Utah

SUMMIT

$ 652,500.00

Utah

TOOELE

$ 652,500.00

Utah

WEBER

$ 423,750.00

Virginia

ALBEMARLE

$ 475,000.00

Virginia

ALEXANDRIA

$ 812,500.00

Virginia

AMELIA

$ 582,500.00

Virginia

ARLINGTON

$ 812,500.00

Virginia

CAROLINE

$ 582,500.00

Virginia

CHARLES CITY

$ 582,500.00

Virginia

CHARLOTTESVILLE

$ 475,000.00

Virginia

CHESAPEAKE

$ 498,750.00

Virginia

CHESTERFIELD

$ 582,500.00

Virginia

CLARKE

$ 812,500.00

Virginia

COLONIAL HEIGHT

$ 582,500.00

Virginia

CUMBERLAND

$ 582,500.00

Virginia

DINWIDDIE

$ 582,500.00

Virginia

FAIRFAX

$ 812,500.00

Virginia

FAIRFAX IND

$ 812,500.00

Virginia

FALLS CHURCH

$ 812,500.00

Virginia

FAUQUIER

$ 812,500.00

Virginia

FLUVANNA

$ 475,000.00

Virginia

FREDERICKSBURG

$ 812,500.00

Virginia

GLOUCESTER

$ 498,750.00

Virginia

GOOCHLAND

$ 582,500.00

Virginia

GREENE

$ 475,000.00

Virginia

HAMPTON

$ 498,750.00

Virginia

HANOVER

$ 582,500.00

Virginia

HENRICO

$ 582,500.00

Virginia

HOPEWELL

$ 582,500.00

Virginia

ISLE OF WIGHT

$ 498,750.00

Virginia

JAMES CITY

$ 498,750.00

Virginia

KING AND QUEEN

$ 582,500.00

Virginia

KING WILLIAM

$ 582,500.00

Virginia

LANCASTER

$ 481,250.00

Virginia

LOUDOUN

$ 812,500.00

Virginia

LOUISA

$ 582,500.00

Virginia

MANASSAS

$ 812,500.00

Virginia

MANASSAS PARK

$ 812,500.00

Virginia

MATHEWS

$ 498,750.00

Virginia

NELSON

$ 475,000.00

Virginia

NEW KENT

$ 582,500.00

Virginia

NEWPORT NEWS

$ 498,750.00

Virginia

NORFOLK

$ 498,750.00

Virginia

PETERSBURG

$ 582,500.00

Virginia

POQUOSON

$ 498,750.00

Virginia

PORTSMOUTH

$ 498,750.00

Virginia

POWHATAN

$ 582,500.00

Virginia

PRINCE GEORGE

$ 582,500.00

Virginia

PRINCE WILLIAM

$ 812,500.00

Virginia

RICHMOND IND

$ 582,500.00

Virginia

SPOTSYLVANIA

$ 812,500.00

Virginia

STAFFORD

$ 812,500.00

Virginia

SUFFOLK

$ 498,750.00

Virginia

SURRY

$ 498,750.00

Virginia

SUSSEX

$ 582,500.00

Virginia

VIRGINIA BEACH

$ 498,750.00

Virginia

WARREN

$ 812,500.00

Virginia

WILLIAMSBURG

$ 498,750.00

Virginia

YORK

$ 498,750.00

VI

ST. CROIX

$ 625,500.00

VI

ST. JOHN

$ 677,500.00

VI

ST. THOMAS

$ 625,500.00

Washington

KING

$ 550,000.00

Washington

PIERCE

$ 550,000.00

Washington

SAN JUAN

$ 525,000.00

Washington

SNOHOMISH

$ 550,000.00

West Virginia

JEFFERSON

$ 812,500.00

Wyoming

TETON

$1,000,000.00

What are the benefits of a VA Jumbo loan?

1. No punitive interest rate increase under VA Jumbo loans. Unlike conventional and FHA jumbo loans that can carry up to a full 1% increase or more; this can save you thousands of dollars.

2. No monthly mortgage insurance premiums (PMI) which are required on most mortgages without a 20% down payment which will save you hundreds of dollars per year.

3. Little to no down payment required, so you can keep more money in the bank.

4. VA Jumbo loans do not require perfect credit.