Orange County home buyers eligible for a VA loan are able to purchase a home in 2020 at any price. Yes, that is correct. The loan limits for 100% financing which we have always had were eliminated effective January 1, 2020. Now, it doesn’t matter what county you want to buy a home or what your price range is. So you want to buy a $2,000,000 home with $0 down payment? As long as you have enough verifiable income, decent credit, and meet other VA qualifying requirements then you will not need a down payment to complete the purchase. If the property is a condo then you do need to make sure it is in a VA approved condo complex.
VA Loan Limits for Southern California for 2020 |
||
| ($0 Down and Up To) | ||
| County | Single Family Home | |
| Orange | $ any price | |
| Los Angeles | $ any price | |
| San Diego | $ any price | |
| Riverside | $ any price | |
| San Bernardino | $ any price | |
**Updated 1/1/2020