VA announces higher VA loan limits for Orange County CA

The Veterans Administration announces higher temporary loan limits for Orange County CA for the remainder of 2012.

Dept of Veterans Affairs 

Under the recently signed Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012, the Department of Veterans Affairs reverted to a previous method of calculating maximum guaranty. The change resulted in VA loan limits increasing in San Diego County as well as other counties throughout the country.

New current temporary VA loan limit in Orange County CA is $675,000.


What that means to the consumer:

An eligible buyer utilizing their VA loan eligibility to purchase a home in Orange County CA can finance 100% of the sales price up to $675,000.  If that buyer decides to purchase a home above $675,000, then a calculation will be applied to determine the amount of down payment required

Examples: (all assumes buyer has use of his or hers full entitlement amount)

Sales Price:




Max Guaranteed Loan Amount:




Required Down Payment:

$18,750 (approx 2.5%)


$56,250 (approx 6.25%)


The temporary VA loan limits for 100% financing in Orange County CA will apply to all loans closed August 6, 2012 through December 31, 2012.

VA loan limits for calendar year 2013 will be released once the median price data is issued by the Federal Housing Finance Agency (FHFA). Typically, this data is released by November of each year.

To find out more about VA loans, go to my website ( and click on Loan programs.

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