How Much Money Can I Borrow?

The VA does not put a cap on how much money you can borrow. This is determined by the lender, typically a bank, savings and loans, or mortgage company. The basic entitlement of a VA Loan is $36,000, but some loans are eligible for $60,000 if they are over $144,000. A lender will often loan up to four times the amount of the basic entitlement without requiring a down payment.

Limit increase! Although there is no set maximum limit the VA allows you to borrow with your entitlement, most lenders and financial institutions will not approve a total of over $417,000. Lenders typically sell VA loans in a secondary market, where the cap for a loan limit is $417,000.

Veterans who have already taken out a VA home loan in the past may be eligible for remaining entitlement for any unused previous balance. Because entitlement amounts have increased over time, many people with prior VA loans may be eligible for more money now than they were previously. Complete our form or call us today to find out if you qualify.

VA Loan History

The VA Home Loan Guaranty Program was established in 1944 to aid Veterans returning from war. The goal of VA Home Loan Benefits was to help Veterans purchase or refinance a home in gratitude for the sacrifices they made by serving our country.

Complete the VA online loan request. This will help you find out how much money you can save on a VA Loan, how to get pre-approved, and can provide you with free advice and assistance regarding your VA Loan. They can also educate you on current VA Loan rates.


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