New JBLM area VA loan limits…
Pierce County = $667,000
Thurston County $453,100
DID YOU KNOW: You can also have more than one loan, meaning if you own a home at your current duty station and want to keep it as a rental you can still apply for a loan & buy another home here.
The loan process can seem a bit overwhelming, don’t hesitate to ask Phil any questions you have and make sure you choose a lender that you can trust! The link below will take you to a mortgage calculator and online application provided by Mike Villano of Veterans Lending Group (whom we have worked with and highly recommend).
VA does not set a cap on how much you can borrow to finance your home. However, there are limits on the amount of liability VA can assume, which usually affects the amount of money an institution will lend you. The loan limits are the amount a qualified Veteran with full entitlement may be able to borrow without making a down-payment. These loan limits vary by county, since the value of a house depends in part on its location.
Still have questions? Veterans Lending Group offers VA Home Loan Boot Camps! Come learn about the VA Home Loan benefit! Free & open to the public and food & beverages provided. Here are a few that are coming up:
February 13, 2018 @ 6:00 pm – 7:00 pm Uncle Buck’s Fish Bowl and Grill 7905 S Hosmer Street Tacoma, WA 98408
VA Home Loan Benefit Class February 15, 2018 @ 6:00 pm – 7:00 pm USO Transition Center for Innovation 9881 Bridgeport Way SW Lakewood, WA 98499