2024 VA Loan Limits by County (2024)

A VA loan limit is a cap on how much a homebuyer can borrow without needing a down payment. However, thanks to the Blue Water Navy Vietnam Veterans Act of 2019, VA loan limits do not apply to eligible VA borrowers with full VA loan entitlement.

VA loan limits only apply to those with partial entitlement. Often that could mean the Veteran is buying a second property with a VA loan while they still own another home they originally acquired with a VA loan.

The loan limit is based on county home prices. In most of the U.S., the 2024 maximum conforming loan limit (CLL) for single-unit properties is $766,550. That’s up 5.5% from 2023 ($726,200). In high-cost areas, the loan limit sits at $1,149,825.

Have a question about VA loan limits? Contact a mortgage specialist here.

2024 VA Loan Limits (Maximum Conforming Loan Limits)

Calculating Loan Amount With Loan Limits

If VA loan limits apply to you, below is a step-by-step process to figuring out how much your loan can be before putting money down.

1. Use the chart above to find the VA loan limit for the county where you’re buying. If your county isn’t listed above, the amount is $766,550.
2. Take the VA loan limit for that county, and multiply it by (.25) to find the maximum VA guarantee for that county.
3. Figure out how much entitlement you’ve used by taking your original VA loan amount and multiplying it by (.25).
4. Find your remaining entitlement by taking the maximum guarantee (from Point 2) and subtracting your entitlement used (from Point 3).
5. Take your remaining entitlement and multiply it by 4. That will show how much you can borrow without a down payment.

VA Loan Limit Example

You took out a VA loan for $415,000 on your current home. You receive PCS orders and must move. Before you can sell your home, you arrive at your new location and want to buy a home. The new house is in Huntsville, AL, near Redstone Arsenal. Huntsville is in Madison County, AL, which has a loan limit of $766,550.

The basic calculation would look something like this:

• $766,550 x .25 = $191,637 maximum VA loan guarantee for the county
• $415,000 x .25 = $103,750 is the amount of entitlement used
• $191,637 – $103,750 = $87,887 in remaining entitlement
• $87,887 x 4 = $351,548

So, $351,548 is the largest amount you can borrow without making a down payment.

Note: In this example, you can get a larger VA loan; you would need to offset the difference of anything above the maximum amount with a down payment.

Getting A Loan Above the VA Loan Limit

It’s important to remember there is no max VA loan amount. However, as mentioned above, there is a limit to how much you can borrow without a down payment. Any loan above the county-specific limit is known as a VA jumbo loan. VA jumbo loans also have specific guidelines and rules.

Qualifying For a VA Jumbo Loan Above a County Limit

Depending on the lender’s requirements, like debt-to-income ratio, down payments, credit score, etc., you can get a VA jumbo loan. You’ll only be able to figure out how much you can borrow by talking with a specialist.

Alternative Loan Options For Veterans

Other alternative mortgage options are available, such as an FHA Loan, USDA Loan, or a conventional loan. Each of these options comes with its restrictions and guidelines.

How Often VA Loan Limits Change

VA loan limits are based on the conforming loan limits laid out by the Federal Housing Finance Agency (FHFA). The agency sets county limits based on home prices each year with new limits taking effect on January 1st. The loan limit is based on the closing date of the VA loan, so loans that close shortly after the new year will be subject to the latest loan limits even if the application began prior to the new year.

Regional Loan Center Info:

• Cleveland Department of Veterans Affairs
  VA Regional Loan Center
  1240 East Ninth Street
  Cleveland, OH 44199
• Denver Department of Veterans Affairs
  VA Regional Loan Center
  155 Van Gordon Street
  Lakewood, CO 80228
• Honolulu Department of Veterans Affairs
  VA Regional Office
  Loan Guaranty Division (26)
  459 Patterson Rd.
  Honolulu, HI 96819
  * Not an RLC but can handle all Loan Guaranty matters for Hawaii.
• Phoenix Department of Veterans Affairs
  VA Regional Loan Center
  3333 N. Central Avenue
  Phoenix, AZ 85012-2402
• Roanoke Department of Veterans Affairs
  VA Regional Loan Center
  210 First Street
  Roanoke, VA 24011
• St. Paul Department of Veterans Affairs
  VA Regional Loan Center
  1 Federal Drive, Ft. Snelling.
  St. Paul, MN 55111
• St. Petersburg Department of Veterans Affairs
  VA Regional Loan Center
  9500 Bay Pines Blvd.
  St. Petersburg, FL 33708