VA Loan Limits 2014 – Reviews the Recent Changes

Share Article

A new guide posted by Loan Love reviews the changes to the VA loan program in 2014.

As a borrower advice website, strives to empower its readers with first class knowledge, valuable resources and connections to top rated industry professionals. The website provides this information in a dynamic and even entertaining package, in a way that can be understood and used by both first time home buyers and experienced home owners. A recent article featured on Loan Love’s site continues to provide home loan borrowers with the best information by providing a helpful guide to the recent changes to VA loan limits in 2014.

The article notes that while there are some big changes to mortgages that are taking affect this year, VA loan borrowers do not need to worry too much about their loan benefits being affected. Loan Love explains, “The biggest change for mortgages in 2014 is likely to have no impact on VA loans. However, a new class of loans, called Qualified Mortgages or QMs, has been created, along with a new regulatory body for oversight, the Consumer Financial Protection Bureau.”

The article continues, saying, “While the requirements for a Qualified Mortgage have garnered their fair share of press and consumer attention, these changes are not really news to lenders, most of whom have already been following these guidelines in the post-crisis home lending era. Unfortunately, misinformation and assumptions have caused confusion about what these changes mean to service members and their families. The most important thing to know about QM requirements is that the VA loan program has long been following these guidelines, so VA borrowers should not anticipate any new bumps in the road.”

Regarding the VA loan limits in 2014, the VA loan guide explains, “There are a few small changes for 2014 that may affect your VA loan, depending on your location. Although the standard limit for most counties across the nation remains at $417,000, just as it was in 2013, there are certain areas where the cost of living is particularly high that the VA has allowed higher loan limits. As in the past, VA loan participants have two "layers" of loan entitlements. The first is $36,000, while the second is $68,250, for a total of $104,250. The loan limit is calculated as $104,240 x 4 or $417,000, based on the VA’s commitment to guarantee about a quarter of the loan amount, representing the maximum VA borrowers can receive without putting money down (in most areas of the country).”

The article also notes that while these are the official “limits” VA loan borrowers may still procure higher priced loans if they willing to make a down payment. Overall, the limits to VA loans are either unchanged or higher. As covered here, the “big changes” that are getting so much news coverage are also not set to make much difference to those using the VA’s home loan benefit, and the article also mentions that there will be no changes to the VA’s funding fee, all of which is good news to those using the VA’s loan benefit.

For more information on the VA loan program, please click here to read the full article on

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Kevin Blue
Loan Love
+1 949-292-8401
Email >
Visit website