How Much Can I Borrow If I Am Eligible For A Home Loan Through The Department Of Veterans Affairs?

A qualified veteran can get a no down payment purchase loan up to $417,000 (as of December 31, 2006 – amount usually changes yearly).  There is no cap or maximum amount that you can borrow.  Lenders may lend qualified veterans up to four times their entitlement through the Department without requiring a down payment.  If you have previously received a home loan by qualifying through the Department, and have not used all of your available entitlement, you can receive what is left of the maximum amount of entitlement that has not been previously borrowed.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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