VA loan limits for 2011 have been published. As in 2010, most counties have a VA loan limit of $417,000. But, in some higher-cost counties the loan limits for VA mortgages are more than $417,000, reflecting values in those unique real estate markets. …one can expect the VA loan limit to remain at $417,000 in most U.S.counties…
The U.S. Department of Veterans Affairs has published its 2011 VA loan limits. The limits are effective January 1, 2011. The word “limit” means the maximum loan amount that the VA will guarantee for borrowers utilizing their VA home loan benefits. VA-eligible borrowers may borrow more than the maximum loan amount if they have cash toward the total amount of the loan.

In 2011, one can expect the VA loan limit to remain at $417,000 in most U.S.counties. In high-cost counties, borrowers will generally see slightly higher VA loan limits for 2011. A qualified VA-eligible borrower with full entitlement may borrow up to the county limit with no money down.

The most noticeable increases in VA loan limits from 2010 to 2011 are in California, New Jersey, New York and Utah. For example, in Sonoma, Santa Barbara, Alpine, Yolo and Monterey counties in California the VA loan limits are higher. Almost all counties in New Jersey and New York have notably higher loan limits for 2011, up from $681,250 to $735,000. In Utah, the three high-cost counties (Salt Lake, Summit and Tooele) increased almost 20 percent from $516,250 in 2010 to $612,500 for 2011.

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