VA Loan Limits for Orange County increased in 2014

orange county va loan limits 2014The VA loan limits in Orange County for 2014 will be $687,500. The Veterans Administration recently announced the 2014 VA loan limits and many counties in California saw an increase due to the improved real estate market and higher home prices in 2013. While most of the country, including many counties in California, will continue to have their limit set at the Conforming limit of $417,000, “higher priced” counties have higher VA loan limits.

What Makes Orange County “High Priced”?

The obvious answer to the question of why Orange County qualifies for high loan limits than most of the country is because of the high average cost of a home compared to other areas. While the Median home price in Orange county is above $500,000, most of the country’s median price is under $400,000. Other counties surrounding Orange County also have higher limits, including Los Angeles ($687,500) and San Diego ($546,250).  It is important to note that this limit is for 100% financing. It is still possible to get a VA loan that is above the 100% limit.

Jumbo VA Loan in Orange County

When a loan amount is above the 100% limit it is commonly known as a Jumbo VA loan. Since the VA loan limit in Orange County for 100% financing is $687,500, then an VA loan above that amount is considered to be a “Jumbo VA Loan“. If a Veteran is purchasing (or refinancing) a home in with a sales price (appraised value) above $668,750 and they intend to get maximum financing, then they will need a down payment equal to 25% of the difference between the 100% loan limit of the purchase price. For example, if a Veteran is buying a home in Irvine, CA for $787,500, or $100,000 above the VA loan limit, then the Veteran would need a down payment of $25,000. Only $25,000, or 3.17% down payment. There is no better loan program than VA when it comes to low down payment and competitive fixed interest rates.

The first step in determining whether a VA loan is right for you is to contact a local Orange County VA loan specialist. The VA loan officer should be able to prepare custom VA loan scenarios after a quick phone conversation. The scenarios will give a detailed breakdown of the purchase price, loan amount, and costs involved in the home buying process. Also, your Orange County VA loan specialist should also be able to provide a video explanation of the scenarios, which will help to understand the scenarios as well as share them with other family members or financial advisors.

Authored by Tim Storm, a California Mortgage Loan Officer MLO 223456 – Please contact my office at the Emery Financial. Direct line at 949-640-3102.


  1. […] California has some of the countries highest loan limits. It is important to note that when we say “limit” we are talking about the ZERO down loan limit. Each county has a loan limit that is set using a formula based on the median home sale for the previous year. The 100% VA financing loan limit in Alameda, Contra Costa, Marin, San Francisco and San Mateo is $1,050,000. This means a qualified Veteran can purchase a home in one of those counties for a price of $1,050,000 and not need a down payment. No other type of financing comes anywhere close. Los Angeles and Orange counties allow for 100% VA financing to a price of $687,500 in 2014. That will buy a very nice house with no down payment. But what happens when a Veteran wants to use VA financing to purchase an Orange County home for more that the 100% VA loan limit? […]

  2. […] VA home loan program allows eligible Veterans to buy or refinance homes up to 100% of the VA loan county limits. In Orange County, CA the VA Loan limit for 100% financing  is $687,500.  A “VA No […]

  3. […] county loan limit. This means that in Orange County, if a Veteran owns a home that is worth the VA county loan limit of $687,500 (in 2014) then he can refinance up to that loan amount. And the loan being paid off does not need […]