The Ultimate Guide to VA Maximum Loan Amount: Everything You Need to Know


Welcome to our comprehensive guide on VA maximum loan amount! Whether you are considering applying for a VA loan or just curious about the maximum loan amount, you’ve come to the right place. At [company name], we understand the importance of being well-informed about the loan process, so we’ve gone above and beyond to provide you with all the information you need.

In this guide, we’ll explain what a VA loan is, how it works, and what the maximum loan amount is. We’ll also provide you with helpful tips to ensure your loan application is successful, and we’ll answer some of the most commonly asked questions about VA loan maximums. So, let’s dive in!

What is a VA Loan?

A VA loan is a type of mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA). It is designed to help active-duty service members, veterans, and eligible surviving spouses purchase a home without requiring a down payment or private mortgage insurance.

VA loans have several other benefits, such as competitive interest rates, no prepayment penalties, and the ability to use the loan to refinance an existing mortgage. However, there are certain eligibility requirements that must be met to qualify for a VA loan.

How Do VA Loans Work?

VA loans work in much the same way as traditional mortgage loans. The only difference is that the VA guarantees a portion of the loan, which means that lenders are more likely to approve applicants with less-than-perfect credit or no down payment.

In addition to the guaranty, the VA also has specific requirements for the property that is being purchased. For example, the property must be the borrower’s primary residence, and it must meet certain safety and living standards.

What is the Maximum VA Loan Amount?

The maximum VA loan amount varies depending on a few factors. The VA has established “conforming loan limits” for each county in the country, which vary based on the cost of living in that area. In most counties, the conforming loan limit is $548,250 for 2021.

However, there are some exceptions to the conforming loan limit. For example, in areas with a higher cost of living, such as Honolulu, HI or San Francisco, CA, the conforming loan limit is significantly higher.

Factors That Affect the Maximum VA Loan Amount

Several factors can affect the maximum VA loan amount, including:

  • The borrower’s entitlement
  • The property’s location
  • The property’s appraised value
  • The borrower’s credit score

It’s essential to understand that the maximum VA loan amount is not the amount that you are guaranteed to receive. Lenders may still require a down payment depending on your credit score and other factors.

How to Apply for a VA Loan

If you are interested in applying for a VA loan, the first step is to determine whether you are eligible. The basic eligibility requirements include:

  • You are an active-duty service member, veteran, or eligible surviving spouse
  • You meet the minimum service requirements
  • You have a valid Certificate of Eligibility (COE)

Once you have confirmed your eligibility, you can then begin the application process. You’ll need to provide your lender with your COE, proof of income, and other documentation to support your loan application.

Tips for a Successful VA Loan Application

To ensure your VA loan application is successful, consider these helpful tips:

  • Gather all necessary documentation before applying
  • Make sure you meet the eligibility requirements
  • Shop around to find the best interest rates and terms
  • Consider working with a VA-approved lender

VA Maximum Loan Amount Table

2021 Conforming Loan Limit
Alameda, CA
Los Angeles, CA
Clark, NV
Fairfax, VA
Honolulu, HI


Q: Can I get a VA loan if I have bad credit?

A: Yes, you can still qualify for a VA loan with bad credit. However, you may need to pay a higher interest rate or provide a down payment.

Q: Can I use a VA loan to purchase a vacation home?

A: No, VA loans can only be used to purchase the borrower’s primary residence.

Q: Can I use a VA loan to purchase a multi-unit property?

A: Yes, you can use a VA loan to purchase a multi-unit property, but you must live in one of the units as your primary residence.

Q: Can I use a VA loan to refinance an existing mortgage?

A: Yes, VA loans can be used to refinance an existing mortgage.

Q: Is there a limit on how much I can borrow with a VA loan?

A: Yes, the maximum VA loan amount varies depending on several factors, such as the borrower’s entitlement and the property’s location and appraised value.

Q: Can I pay off my VA loan early without incurring a penalty?

A: Yes, there are no prepayment penalties for VA loans.

Q: What is a Certificate of Eligibility (COE)?

A: A COE is a document that verifies your eligibility for a VA loan. You can apply for a COE online, through your lender, or by mail.

Q: What is the funding fee for VA loans?

A: The funding fee for VA loans varies depending on the borrower’s military status, down payment, and loan amount. However, it is typically between 1.4% and 3.6% of the loan amount.

Q: Can I use a VA loan more than once?

A: Yes, you can use a VA loan more than once if you meet the eligibility requirements.

Q: Can I get a VA loan with a bankruptcy on my record?

A: Yes, you may still qualify for a VA loan even if you have a bankruptcy on your record. However, you will need to wait a certain amount of time after the bankruptcy has been discharged.

Q: Can I get a VA loan if I am currently on active duty?

A: Yes, active-duty service members can still apply for a VA loan.

Q: How long does it take to get a VA loan?

A: The time it takes to get a VA loan depends on several factors, such as the lender’s processing times and the complexity of your application. However, most VA loans close in 30 to 45 days.

Q: How can I find a VA-approved lender?

A: You can find a VA-approved lender by searching the VA’s Lender Locator online or asking your real estate agent or financial advisor for recommendations.

Q: What happens if I default on my VA loan?

A: If you default on your VA loan, the VA may foreclose on the property and sell it to repay the lender. Additionally, defaulting on a VA loan can have a negative impact on your credit score and make it more difficult to obtain credit in the future.


Now that you have all the information you need about VA maximum loan amount, we hope you feel more confident about the loan process. Remember, a VA loan can be an excellent option for eligible borrowers who want to purchase a home without a down payment or private mortgage insurance.

If you are interested in applying for a VA loan, be sure to check your eligibility and shop around for the best interest rates and terms. By following the tips provided in this guide and working with a VA-approved lender, you can increase your chances of a successful loan application.

Closing Disclaimer

The information provided in this guide is for educational purposes only and should not be considered legal or financial advice. We recommend consulting with a licensed professional for personalized advice regarding your specific situation. [Company name] is not affiliated with any government agencies, including the U.S. Department of Veterans Affairs.