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The 2019 maximum VA loan limit for one-unit properties in most areas has been raised by the Federal Housing Financing Agency (FHFA) to $484,350 in 2019. This shows a significant increase of $31,250 from the $453,100 limit in 2018. The increase in the loan limit is generally a result of home values rising, an increase in the loan limits ceiling, and an increase in the loan limits baseline. The amount of the loan limit is what a qualified veteran could possibly be able to borrow without having to make a down payment. All of this results into more homes filled with happier customers in more markets!

New Limits for High-Cost Areas
*** In most high-cost areas the new ceiling loan limit will be equal to 150% of the new $484,350 limit for other areas for one-unit properties, meaning that it will be $726,525. ***

For more info visit the Federal Housing Financing Agency’s website.

Source: Vincent Chiarell with Caliber Home Loans
Posted on 07 Feb 2019 by Citrus Lending
We will be talking about market trends and mortgage news in the near future! Stay tuned!
Posted on 30 Jan 2019 by Citrus Lending
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