VA Loan Limit Increases
The Veterans Administration has announced that its loan limits for 2018 will follow those recently published by the Federal Housing Finance Agency for conforming loans. The VA uses FHFA's limits to determine the amount a qualified Veteran with full entitlement may be able to borrow without making a down payment.
For 2018, the maximum conforming loan limit established by the FHFA for mortgages acquired by Fannie Mae and Freddie Mac for one-unit properties will be $453,100 for most of the United States, an increase from the limit of $424,100 that was in effect for 2017.
For high-cost areas, the new ceiling loan limit for one-unit properties will be $679,650, but loan limits may be higher in some specific locations in Alaska, Hawaii, Guam, and the U.S. Virgin Islands.
VA loans closing on or after January 2, 2018 will be eligible for these higher loan amounts.
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