2013 VA County Loan Guaranty Limits for High-Cost Counties

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1 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM 2013 VA County Loan Guaranty Limits for High-Cost Counties There is no limit on how much a veteran can borrow to buy a home, however if you exceed the guarantee limits below you may be required to make a down payment. While there is no limit on VA loan amounts there is a limit to how much guarantee (insurance) the VA will give the lender for the loan. Any loan over $144,000 is guaranteed for 25% of the loan amount. The VA is actually only guaranteeing a part of the loan, not the whole loan. Across the nation there are certain counties that have a higher cost of living and are considered a highcost county and the VA has adjusted the maximum guarantee for those counties below. While there is no maximum loan amount there is a maximum guarantee. You can take the $ amounts below and calculate that the VA will guarantee 25% of the number shown for the lender. For example Orange County, California has a limit of $621,000 so the 25% VA guarantee (insurance) to the lender is $155,250, but a veteran could still borrow $1,000,000 or more to buy a home, but may be required to make a down payment because the loan is exceeding the guaranty limits. If the loan was for $621,000 or less, a down payment would not be required. The figures below are just used to calculate guarantee amounts, not max loan amounts. NOTE: For all counties other than those listed below, the 2013 limit is $417, VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES If you do not see your county under your state your county will have a maximum limit of $417,000. STATE COUNTY 2013 VA LIMIT Alabama ALL COUNTIES $417,000 Alaska ALEUTIANS EAST $625,500 Alaska ALEUTIANS WEST $625,500 Alaska ANCHORAGE $625,500

2 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Alaska BETHEL $625,500 Alaska BRISTOL BAY $625,500 Alaska DENALI $625,500 Alaska DILLINGHAM $625,500 Alaska FAIRBANKS NORTH $625,500 Alaska HAINES $625,500 Alaska HOONAH-ANGOON $625,500 Alaska JUNEAU $625,500 Alaska KENAI PENINSULA $625,500 Alaska KETCHIKAN GATEWAY $625,500 Alaska KODIAK ISLAND $625,500 Alaska LAKE AND PENINSULA $625,500 Alaska MATANUSKA-SUSITNA $625,500

3 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Alaska NOME $625,500 Alaska NORTH SLOPE $625,500 Alaska NORTHWEST ARCTIC $625,500 Alaska PETERSBURG $625,500 Alaska PRINCE OF WALES-HYDER $625,500 Alaska SITKA $625,500 Alaska SKAGWAY MUNICIPALITY $625,500 Alaska SOUTHEAST FAIRBANKS $625,500 Alaska VALDEZ-CORDOVA $625,500 Alaska WADE HAMPTON $625,500 Alaska WRANGELL CITY/BOROUGH $625,500 Alaska YAKUTAT CITY $625,500 Alaska YUKON-KOYUKUK $625,500

4 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM American Samoa ALL COUNTIES $417,000 Arizona ALL COUNTIES $417,000 Arkansas ALL COUNTIES $417,000 California ALAMEDA $987,500 California CONTRA COSTA $987,500 California LOS ANGELES $668,750 California MARIN $987,500 California MONO $437,500 California MONTEREY $425,500 California NAPA $512,250 California ORANGE $668,750 California SAN BENITO $825,750 California SAN DIEGO $500,000

5 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM California SAN FRANCISCO $987,500 California SAN LUIS OBISPO $481,250 California SAN MATEO $987,500 California SANTA BARBARA $593,750 California SANTA CLARA $823,750 California SANTA CRUZ $668,750 California SONOMA $448,750 California VENTURA $546,250 Colorado BOULDER $443,750 Colorado EAGLE $712,500 Colorado LAKE $712,500 Colorado PITKIN $1,094,625 Colorado ROUTT $550,000

6 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Colorado SAN MIGUEL $1,094,625 Colorado SUMMIT $667,500 Connecticut FAIRFIELD $612,500 DC DISTRICT OF COLUMBIA $843,750 Florida ALL COUNTIES $417,000 Georgia ALL COUNTIES $417,000 Guam GUAM $625,500 Hawaii HAWAII $625,500 Hawaii HONOLULU $750,000 Hawaii KALAWAO $625,500 Hawaii KAUAI $625,500 Hawaii MAUI $625,500 Idaho TETON $635,000

7 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Illinois ALL COUNTIES $417,000 Indiana ALL COUNTIES $417,000 Iowa ALL COUNTIES $417,000 Kansas ALL COUNTIES $417,000 Kentucky ALL COUNTIES $417,000 Louisiana ALL PARISHES $417,000 Maine ALL COUNTIES $417,000 Maryland ANNE ARUNDEL $500,000 Maryland BALTIMORE $500,000 Maryland BALTIMORE CITY $500,000 Maryland CALVERT $843,750 Maryland CARROLL $500,000 Maryland CHARLES $843,750

8 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Maryland FREDERICK $843,750 Maryland HARFORD $500,000 Maryland HOWARD $500,000 Maryland MONTGOMERY $843,750 Maryland PRINCE GEORGE S $843,750 Maryland QUEEN ANNE S $500,000 Massachusetts DUKES $723,750 Massachusetts ESSEX $500,000 Massachusetts MIDDLESEX $500,000 Massachusetts NANTUCKET $1,094,625 Massachusetts NORFOLK $500,000 Massachusetts PLYMOUTH $500,000 Massachusetts SUFFOLK $500,000

9 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Michigan ALL COUNTIES $417,000 Minnesota ALL COUNTIES $417,000 Mississippi ALL COUNTIES $417,000 Missouri ALL COUNTIES $417,000 Montana ALL COUNTIES $417,000 Nebraska ALL COUNTIES $417,000 Nevada ALL COUNTIES $417,000 New Hampshire ROCKINGHAM $500,000 New Hampshire STRAFFORD $500,000 New Jersey BERGEN $722,500 New Jersey ESSEX $722,500 New Jersey HUDSON $722,500 New Jersey HUNTERDON $722,500

10 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM New Jersey MIDDLESEX $722,500 New Jersey MONMOUTH $722,500 New Jersey MORRIS $722,500 New Jersey OCEAN $722,500 New Jersey PASSAIC $722,500 New Jersey SOMERSET $722,500 New Jersey SUSSEX $722,500 New Jersey UNION $722,500 New Mexico ALL COUNTIES $417,000 New York BRONX $722,500 New York KINGS $722,500 New York NASSAU $722,500 New York NEW YORK $722,500

11 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM New York PUTNAM $722,500 New York QUEENS $722,500 New York RICHMOND $722,500 New York ROCKLAND $722,500 New York SUFFOLK $722,500 New York WESTCHESTER $722,500 North Carolina ALL COUNTIES $417,000 North Dakota ALL COUNTIES $417,000 Northern Mariana Islands ALL AREAS $417,000 Ohio ALL COUNTIES $417,000 Oklahoma ALL COUNTIES $417,000 Oregon ALL COUNTIES $417,000 Pennsylvania PIKE $722,500

12 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Puerto Rico ALL COUNTIES $417,000 Rhode Island ALL COUNTIES $417,000 South Carolina ALL COUNTIES $417,000 South Dakota ALL COUNTIES $417,000 Tennessee ALL COUNTIES $417,000 Texas ALL COUNTIES $417,000 Utah SALT LAKE $650,000 Utah SUMMIT $650,000 Utah TOOELE $650,000 Vermont ALL COUNTIES $417,000 Virginia ALEXANDRIA $843,750 Virginia ARLINGTON $843,750 Virginia CLARKE $843,750

13 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Virginia FAIRFAX $843,750 Virginia FAIRFAX IND $843,750 Virginia FALLS CHURCH $843,750 Virginia FAUQUIER $843,750 Virginia FREDERICKSBURG $843,750 Virginia LOUDOUN $843,750 Virginia MANASSAS $843,750 Virginia MANASSAS PARK $843,750 Virginia PRINCE WILLIAM $843,750 Virginia SPOTSYLVANIA $843,750 Virginia STAFFORD $843,750 Virginia WARREN $843,750 Virgin Islands ST. CROIX $625,500

14 VA COUNTY LOAN GUARANTY LIMITS FOR HIGH-COST COUNTIES -- USVAREALTY.COM Virgin Islands ST. JOHN $630,000 Virgin Islands ST. THOMAS $625,500 Washington KING $500,000 Washington PIERCE $500,000 Washington SAN JUAN $468,750 Washington SNOHOMISH $500,000 West Virginia JEFFERSON $843,750 Wisconsin ALL COUNTIES $417,000 Wyoming TETON $635,000