VA Loan Limits Have Been Removed!!!

[Darrell D.]

In 2018 I wrote an article about how I used VA loans to build my portfolio. I maximized the VA loan entitlement and unfortunately the program limited how much I buy. Now however, it's a completely different.

My 2018 BP Article

The current VA website...

VA Link

Effective January 1, 2020, there are no county loan limits for Veterans with full VA home loan entitlement.

However, county loan limits still apply to Veterans who have previously used, and not restored, their VA home loan entitlement to purchase, refinance, or construct a home above $144,000.

Your entitlement can only be restored when the property is sold, or the loan is paid-in-full. If you want to purchase another home without fulfilling these criteria, VA will only guarantee your total outstanding loan amount up to the county loan limit of the home you wish to purchase next.

There may be other restrictions such as how many you can have or how many in a single city. At first glance though, it looks like investors can go as high as they want (while still qualifying for a loan) and as many times as they want. Every investor tries to invest without money out of their pocket. This makes the VA loan so powerful. Without limits I can't imagine what this will do. Every veteran should know about these benefits. I built a nice nest egg but it could have been bigger with this new program.

Trump signed this into action BTW.