VA Loans Orange County
VA loans might seem a little too good to be true. No money down, no private mortgage insurance, and no tough qualifying guidelines? It’s either a fantasy or a really good deal. We’ve got good news for you! VA loans in Orange County are definitely the latter.
Why aren’t more veterans using this type of financing? A big part of what keeps people from taking advantage of VA loans is confusion. We want to clear it up, so we’ve put together these FAQs.
What is a VA loan?
This is a type of mortgage guaranteed by the US Department of Veterans Affairs (VA) offered to eligible veterans and active duty military. These loans are designed to help the people who’ve served our nation become homeowners with little or no money down.
What’s the maximum VA loan amount?
There’s actually no VA cap on how much you can borrow for your house. That being said, the VA does have to limit its liability so there are VA loan limits in place. They vary county to county to ensure you can get enough financing to buy in your area. VA loans in San Diego, CA with 0% down max out at $580,750. The maximum amount for 0% down VA loans in Orange County, CA is $625,000. Need more? If you’re willing to put some money down, you can get VA loans for over $1,000,000!