VA Lending Limits for Texas Cities Although VA guaranteed loans do not have a maximum dollar amount, lenders who sell their VA loans in the secondary market must limit the size of those loans to the maximums prescribed by GNMA (Ginnie Mae) which are listed below.
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VA Home Loan Benefits. VA home loans have very specific eligibility requirements. Guidelines are set for active duty, members of the Guard and Reserve, current and former, and eligible military spouses. The VA eligibility requirements are as follows:
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For instance, a recent close of a 3,000+ sq. ft. and 10-acre lot property required a VA Jumbo Loan of over $453,100 (update – For 2019 limit is $484,350) and only required $3,350 at closing. This is one of the reasons why Clear Lending is one of the leading VA lenders in Texas with the best interest rates specializing in VA loans for bad credit.