VA Loans in Your State
VA home loans can vary from state to state. Although the VA doesn’t have a maximum loan limit for a VA borrower, it does have a limit on the amount it can guarantee. The current maximum loan amount eligile for a VA guarantee is $417,000. However, in certain U.S. counties where the cost of living is higher, the maximum loan amount can be more than $417,000. Also, there are some VA benefits that are state specific. These state pages are designed to help VA-eligible borrowers understand how VA Loans work everywhere VA Loans are offered. Veterans can get many state-specific VA Loan questions answered here, or by contacting a VA Home Loan Professional.
Learn About the Benefits of VA Home Loans by State
Alabama’s maximum loan guaranty is $417,000. Veterans can use their VA loan entitlements to purchase a home near one of Alabama’s nine major military bases and installations or anywhere in Alabama including major cities like Mobile or Birmingham or the beautiful Gulf Coast.
Alaska has almost 47,000 military personnel. The median cost of a home in Anchorage, Alaska's largest city, is around $250,000. However, those with military affiliation who qualify may use their entitlements to purchase or refinance an Alaskan home for up to $625,500 in some Alaskan counties. Alaska’s Regional Loan Center is Denver.
The “loan limit” for all 15 counties in Arizona is $417,000. This means for a home valued at $417,000, a VA-eligible borrower who qualifies would use his or her $36,000 basic entitlement and his or her entire bonus entitlement of $68,250 to purchase the home. Join the nearly 70% of Arizona’s population of homeowners.
Arkansas’ cost of living is lower than the national average. In Benton County, Wal-Mart’s corporate headquarters, the median cost for single-family home is $130,000 compared to $95,000 statewide.
California has the largest population of veterans. In most parts of California, the cost of living is also one of the highest in the country. The maximum loan for which the VA will guarantee ranges is as much as $1,094,625 in some counties.
Fort Carson, known as the “Mountain Post”, is tagged the best “hometown” in the Army. Many counties in Colorado have “loan limits” higher than $417,000. Contact a VA Loan Specialist to find out what your personal VA entitlement is for your county.
The Coast Guard Academy located on Connecticut’s picturesque waterfront was featured in U.S. News’ America’s Best Colleges 2009 issue. Graduates go directly to positions of leadership in “The Shield of Freedom”, one of the most admired organizations in the world.
Of course, Dover Air Force Base is home to the 436th Airlift Wing of the Air Mobility Command, “Eagle Wing”, and the 512th Airlift Wing of the Air Force Reserve Command, “Liberty Wing”. Dover AFB is also home to the largest military mortuary in the Department of Defense as well as the Air Mobility Command museum. Many military personnel based in Delaware are employees of the Dover AFB. To purchase a home near Dover AFB, contact a VA Loan Specialist.
Florida has the 2nd highest military population in America. Like many coastal states, Florida has counties that exceed the $417,000 VA loan limit. Additional bonus entitlements are available for veterans purchasing homes in Miami, Fort Myers, Cape Coral, Naples, West Palm Beach, Key Largo, Key West and other fine cities in the Sunshine State.
Georgia provides several military benefits on top of the already terrific VA Loan benefits provided by the federal government. The state of Georgia also provides veterans benefits including nursing home, financial assistance, employment, education, and certain tax exemptions. Ask a VA Loan specialist about benefits specific to the state of Georgia.
The USS Arizona Memorial, located in Pearl Harbor, and final resting place for 1,102 of the 1,177 sailors who went down with the ship as a result of an attack by Japanese Imperial forces is visited by over one million people each year. Veterans living in the Aloha State know that the cost of housing is high. The 2009 maximums exceed $417,000 in many areas of Hawaii. The highest is Honolulu County at $783,750. Ask a loan specialist about specific county loan limits for the rest of Hawaii.
Certain counties in Idaho are considered high-cost areas and have special loan limits that exceed $417,000. In Teton County the maximum loan for which the VA will provide its guaranty is $1,000,000.
Lake Michigan and the Great Lakes Marina provide the backdrop for the Great Lake Naval Training Center. The Center is headquarters for Naval Service Training Command, Navy Region Midwest and Commanding Officer Naval Station Great Lakes. Chicago and Springfield are nearby cities. To learn more about obtaining a VA Loan in Illinois contact a loan specialist now.
The VA Home Loan Guaranty Program can make a move to Indiana a lot smoother. Finance a new home or refinance an existing VA or non-VA Loan with zero down. The average Indiana home is priced at around $120,000, and the maximum loan amount for VA Guaranty is $417,000.
Whether looking to purchase or refinance in Iowa, VA mortgages are an excellent choice for zero down, no private mortgage insurance funding. The maximum VA Loan for Iowa is $417,000. To get started, contact a VA Mortgage Specialist today.
Kansas, often referred to as America’s Heartland, is named after the Kansas River which runs through the state. Topeka is the capitol city, Wichita is the largest city and Kansas City has the largest metro area. To get a Kansas VA Loan for up to $417,000 inquire here.
A VA Loan in the Bluegrass State can make purchasing or refinancing a Kentucky home a breeze. Whether relocating to the state’s largest city of Louisville or Kentucky’s Inner Bluegrass Region where horse farms abound, a veteran borrower’s entitlement is $104,250 on a loan of $417,000. To learn more about individual veteran entitlements, contact a VA Loan specialist.
Naval Air Station, Joint Reserve Base New Orleans is home to VP-94, VFA-204, VR-54, Louisiana Air National Guard, U.S. Air Force Reserve, U.S. Coast Guard and the U.S. Customs Service. Located just 20 minutes south of downtown New Orleans, the Station sees 24-hour activity including Coast Guard rescues and recoveries. A VA mortgage of up to $417,000 can be the right choice for many stationed here.
Purchase a home in Maine for up to $417,000. To find out more, contact a VA Loan Specialist.
Military has numerous military bases and is home to the US Naval Academy, Maryland is where many Veterans and their families call home. Because much of Maryland costs more to live than the national average, VA Loans for more than $417,000 can be obtained in many counties. The highest VA loan amount for which VA will guarantee in Maryland is $812,500. Ask a loan professional what your entitlement is in your Maryland county.
No down payment is required for a VA Loan as high as ome. With no down payment required, a VA as high as $1,094,625 can be obtained by qualified VA eligible borrowers in Massachusetts. New England can be a great place for veterans and their families to live. Ask a VA Loan specialist how to proceed with a Massachusetts VA mortgage.
With one major Air Force Base and seven Coast Guard Installations, Michigan has a substantial military population. Get a VA purchase or refinance loan for up to $417,000 in a major city like Detroit or a small town in the Upper Peninsula.
The northern-most of the 48 contiguous United States and land of 10,000 lakes, Minnesota is home to mostly Military Reserve and National Guard personnel. Sixty percent of the state’s population resides in the Twin Cities of Minneapolis or St. Paul. Ask a VA Loan Professional about Minnesota veterans’ mortgages.
The Capitol of Mississippi is Jackson, which is also the state’s most populous city. Look into a Mississippi military mortgage by contacting a professional mortgage specialist.
There are specific Veterans Home Loan features unique to each state. Take advantage of Missouri VA Home Loan benefits to purchase or refinance today. Major Missouri cities include Kansas City, Columbia, and St. Louis. Missouri's significant military population resides mostly near two Military bases in Knob Noster and Waynesville.
Known to millions of tourists annually, Glacier National Park, the site of the Battle of Little Bighorn and Yellowstone National Park are the main attraction of Big Sky Country. Montana’s military personnel can take advantage of their VA Loan basic entitlement of $36,000 and bonus entitlement of $68,250 by contacting a loan specialist today.
Nebraska fine military population can qualify for VA Loans of up to $417,000. Contact a VA Loan professional now to get started.
If relocating to the Silver State, purchasing a home or simply refinancing, a VA Loan can help with zero down and less stringent qualifying standards that other loan programs. Find out how to take advantage of full entitlement today.
A New Hampshire VA Home Loan means no private mortgage insurance. Military personnel based at the Portsmouth Naval Shipyard in Maine often find themselves residing in neighboring New Hampshire. There are two counties in New Hampshire that are considered high-cost areas and therefore VA Loans of up to $506,250 can be obtained there.
Many areas in New Jersey allow for VA Loans of up to $747,500. Get started today by contacting a military mortgage specialist.
Walker Air Force Base in Roswell was officially closed in 1967. Holloman, Kirtland and Cannon are New Mexico’s current Air Force Bases. Get a VA Loan of up to $417,000 in Santa Fe, Albuquerque, or any of New Mexico’s other fine Southwestern cities by getting in touch with a VA mortgage professional.
Borrow up to $812,500 with a North Carolina VA mortgage. Get cash-out refinancing to make home improvements or purchase a home by contacting a North Carolina Loan Specialist.
North Dakota veterans’ mortgages can be obtained for up to $417,000 in Bismarck or Fargo. North Dakota’s small population and hometown feel make it an ideal place for some to raise a family. Talk to a loan specialist today about VA Loans in North Dakota.
Ohio has the sixth largest military population in the country. Columbus and Cleveland are Ohio’s major cities. Use an Ohio Veterans’ Loan to purchase or refinance a loan there for up to $417,000 or in any of Ohio’s fine cities.
Contact an Oklahoma VA Home Loan Specialist today to learn how to obtain a VA Loan in Oklahoma City and Tulsa or any of the state’s cities. The maximum loan for which VA will guarantee is $417,000.
When it comes to financing a home in Oregon, VA Home Loan terms are hard to beat. Portland, Salem, and Bend are popular cities in which a veteran can live, raise a family or retire. Basic entitlement and bonus entitlement would allow a veteran to purchase a home valued at up to $417,000 with no down payment.
Pennsylvania has the fourth highest population of veterans in the United States. The Keystone State is a great place to use VA Home Loan benefits. Veterans who take use VA Loans to finance a home in Pennsylvania get many great benefits, including a no private mortgage insurance required.
To qualify for a South Carolina VA Home Loan, contact a military loan professional to apply. A South Carolina VA Loan Specialist can assist with obtaining a Certificate of Eligibility (COE). Once a COE is obtained, home financing in Charleston, Columbia, or other cities in the state is possible with the VA Home Loan Guaranty Program.
Purchase or refinance a home in South Dakota for up to $417,000 using VA Home Loan benefits. Pierre is the capitol and Sioux City is the largest city in South Dakota. Mt. Rushmore, Black Hills, Badlands, and many caves top the list of attractions in this great state.
Financing a home in the Volunteer State can be a lot easier than one might think with a VA Home Loan. A Tennessee VA Loan offers many benefits not available with conventional loans. These include easier credit and income standards and no private mortgage insurance. The cost of living is just slightly higher than average, so a veteran can get a slightly higher home loan of up to $427,500.
Texas has the third highest population of military personnel in the country. VA Loan specifics in Texas can differ from those in other U.S. States. Ask a Texas VA Loan Specialist about obtaining a VA Loan in the Loan Star State. Texas’ major cities are Austin, San Antonio, Houston, Dallas, Fort Worth and Arlington.
There are many counties in Utah that have higher loan limits than $417,000. Summit, Salt Lake and Tooele counties have limits as high as $652,500.
Learn about the benefits available with a VA Home Loan in the state of Virginia. A Virginia VA Home Loan Specialist can help you determine your eligibility and qualification level for purchasing a home in Virginia Beach, Richmond, Arlington, or any other Virginia location.
The nine active Military bases in Washington offer many great Military communities for Veterans and their families. By choosing to finance your home with a VA Loan, you will receive many benefits not offered by conventional loans. Among the most popular with Veterans is the no down payment requirement.
A VA Loan could be a great choice for a home in Wisconsin. Financing a home with a VA Loan offers many benefits for Veterans, including looser credit standards and a no down payment requirement.
A home on the range in Wyoming for a qualified veteran might be near the state’s only military installation, F.E.Warren Air Force Base near Cheyenne. Military retirees might enjoy a home in picturesque Teton County for up to $1,000,000 according to the 2009 VA county loan guaranty limits.
Determine the VA Loan Rate in Your State
Loan rates vary based in part on a VA-eligible borrower’s history, income level, job stability and other individual factors. We comply with VA qualifying standards which are not as strict as those of conventional loan programs. Contact a VA Home Loan Professional to determine qualifications and personal loan rate.
