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is there a VA loan maximum?

Looking at homes in short hills nj, roughly seeing $900k properties. can i do a no-down VA mortgage in this price range? by kyrasoto98423257 from Short Hills, New Jersey. Oct 2nd 2014 Reply


Edward Fallon (edfallon)
#92 ranked lender in Pennsylvania - 143 contributions

On a $900,000, assuming you have full entitlement, we would lend 100% up to $417,000, and 75% above that. In this case, on a $900,000 property, that would be $779,250.00.

Oct 2nd 2014
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Sharon Duffy (sduffy)
#71 ranked lender in Pennsylvania - 595 contributions

For counties where the VA maximum limit is $417,000:Borrower has no money down on the first $417,000.Borrower pays a 25% down payment only on the amount greater than $417,000.Borrower pays the funding fee in cash for loan between $417,000 and $1,000,000.On loan amounts greater than $417,000, the veteran maintains all the benefits of a VA loan.Sharon732 606 6264

Oct 2nd 2014
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Mitello Camay (mitellocamay@gmail.com)
#126 ranked lender in New Jersey - 2 contributions

The limit for Essex county is $978,750. Please call me directly @ 646 492 0936 or email @ mcamayunvmortgage.com to discuss.1 - 100% financing2 - appraisal refund

Oct 2nd 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#28 ranked lender in New York - 2,236 contributions

We can do 100% financing on a VA loan in Short Hills at 900K and close within 45 days as long as you meet VA guidelines. We specialize in helping veterans and are part of the homes for heroes organization. Give us a call toll free 800-991-5309 to find out the amazing savings for the entire process! Ask for Michelle !

Oct 2nd 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,924 contributions

No.. VA allows for zero down up to $417K.. for amounts over that, you need to put 25% down, so for your $900K home, you would need $107,250 down payment plus the VA funding fee (if applicable) and you would need to find a lender willing to do a VA jumbo.. Some will, most will not.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Oct 2nd 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#28 ranked lender in New York - 2,236 contributions

We are available 7 days a week until around 9:30 PM , we work around your schedule!800-991-5309 and get Michelle directly, day or night, Saturday or Sunday!

Oct 2nd 2014
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Brian Allen (ballen)
#43 ranked lender in Maryland - 190 contributions

VA Loan Limits : 2014Current VA Limits for NEW JERSEY CountiesCounty NameSingle Family Home Max Guaranty ($0 DOWN AND UP TO) ESSEX $978,750.00 $1,000,000You have to pay 25% on the amount over and above $417,000. And you may also pay the funding fee in cash for loans between $417,000 and $1,000,000. You're getting the VA to finance 100% of the first $417,000 of your mortgage which is less down payment of conventional.Contact me at 800-485-1387 ect 116 or ballen@bankofengland1.com.

Oct 2nd 2014
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Jamie Lynne (nationwidelenderforyou)
#142 ranked lender in Texas - 575 contributions

Let's discuss your VA loan scenario in more detail. Contact me at 800 315 8803 or 973 979 4100. My name is Jamie and I am a proud vet that has been offering VA loans since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - Lending Nationwide Since 1989 - jamie@bartprequalifies.com - www.bartprequalifies.com

Oct 3rd 2014
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John Burke (jburke)
#30 ranked lender in Texas - 187 contributions

Hi Kyrasoto, Thank you for your service. Yes you can. The VA county loan limit in Essex is $978,750 so that means you can buy up to that amount without a down payment as long as you have full entitlement available. If some of your entitlement is tied up on another home you may still be able to buy without much down.| Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |

Oct 9th 2014
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