What is the VA Loan Limit for a Duplex or 2 Unit home?
This is a common question we hear, as well as what is the VA Loan Limit for a 3 unit, triplex, 4 unit or fourplex? When Congress allowed the VA Jumbo / VA High Balance loan limit calculations to expire in 2015, the VA Loan Limits reverted to the Fannie Mae/ Freddie Mac limits for Single Family homes. That is where the rub comes in. VA does not have a separate loan limit for 2, 3 or 4 unit homes like FHA and Fannie/ Freddie. The VA County Loan Limit is the same for 1, 2, 3 or 4 unit VA Homes (purchase or refinance). This is most likely due to the VA Loan Guarantee and VA Entitlement requirements. It would take an act of Congress to update these, and we all know that is an unlikely proposition.
The good news is that you can exceed the County VA Loan limits with a down payment of a portion of the amount that exceeds your respective VA Loan limit. Many Lenders and Big Banks do not allow this, however VanDyk Mortgage allows you to use down payment or equity in the property to help meet the Minimum VA Requirements. Please call direct - 866-900-2342 to get your questions answered.
This is part 23 of our FAQ series for VA Loan Questions. FAQ = Frequently Asked Questions, and when it comes to VA Loans, we get plenty of questions. We have been making VA Loans since 1987 and are a Direct Lender. Please give us a call to get help with your VA Loan or VA Jumbo Loan questions, and see if you qualify for a VA Home Mortgage - 866-900-2342 toll free direct, or contact us online at VanDykFunding.com .
We proudly offer a full array of Government, Conventional, and Jumbo loan Options including FHA, VA, USDA, FHA Jumbo, VA Jumbo, VA Refinance, Conventional, Jumbo, VA Condo loans, FHA 2-4 Unit Loans, VA 2-4 Unit Loans, FHA 203K Rehab Loans, 5% down Conventional loans, Conventional Condo's OK to 95%, 95% conventional purchase with ZERO Monthly PMI, and more.
Veterans: We are able to help Veterans with a new home purchase with a VA Loan or VA Jumbo Loan as soon as 2 years after Bankruptcy, Foreclosure, or Short Sale (even sooner if Short Sale involved no late payments). Call Today - get back into homeownership!
--> VA Loan Limits for 2018. Learn More - Up to $679,650 with zero money down VA Jumbo Loan
--> VA Loans over the County VA Loan Limit - yes, we allow this: Read more detail on how to get a VA Loan Over your County VA Loan Limit here VA Loans up to $1.5M!
We serve the entire state of California including: Anaheim, Antioch, Bakersfield, Brentwood, Burbank, Carlsbad, Chula Vista, Corona, Coronado, Downtown San Diego, Encinitas, Escondido, Fallbrook, Fremont, Fresno, Hermosa Beach, Huntington Beach, Irvine, Long Beach, Los Angeles, Marina Del Rey, Menifee, Monterey, Murrieta, Oakland, Oakley, Oceanside, Ontario, Pasadena , Poway, Rancho Cucamonga, Redlands, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Jose, San Marcos, San Mateo, Santa Ana, Santa Clarita, Santa Monica, Temecula, Torrance, Ventura, Vista, and all other CA Cities and areas.
We now serve the entire state of Virginia including Virginia Beach, Norfolk, Chesapeake, Richmond, Newport News, Alexandria, Hampton, Roanoke, Portsmouth, Suffolk, and all other Virginia Cities, Towns and Counties.
We also serve the entire state of Washington including: Auburn, Bellevue, Bellingham, Bonney Lake, Bothell, Bremerton, Des Moines, Edmonds, Everett, Federal Way, Ferndale, Issaquah, Kent, Kirkland, Lacey, Lake Stevens, Lynnwood, Mercer Island, Mill Creek, Monroe, Montlake Terrace, Mt Vernon, Mukilteo, Olympia, Puyallup, Redmond, Renton, Seatac, Seattle, Silver Lake, Snohomish, Spokane, Sumner, Tacoma, Tumwater, Vancouver, Wenatchee, Woodinville, Yakima and all other WA cities and towns.
All information is subject to change without notice.
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VanDyk Mortgage is a private company specializing in FHA & VA financing, VanDyk Mortgage Corp is not a government agency. Corp 2449 Camelot Ct SE, Grand Rapids, MI 49546
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NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268
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