4/25/2023 0 Comments Freddie mac email formatWith remaining entitlement, your VA home loan limit is based on the county loan limit where you live. If you have remaining entitlement, you do have a home loan limit You won’t need to use these terms when applying for a loan. We use these terms when we communicate with lenders about VA-backed loans over $144,000. Note: You may have heard the terms additional entitlement, bonus entitlement, or tier 2 entitlement. You’ve used your home loan benefit, but had a foreclosure or compromise claim (also called a short sale) and repaid us in full.You’ve paid a previous VA loan in full and sold the property (in this case, you’d have your full entitlement restored), or.You’ve never used your home loan benefit, or.You have full entitlement if you meet any of these requirements. This means you won’t have to pay a down payment, and we guarantee to your lender that if you default on a loan that’s over $144,000, we’ll pay them up to 25% of the loan amount. If you have full entitlement, you don’t have a home loan limitĮligible Veterans, service members, and survivors with full entitlement no longer have limits on loans over $144,000.
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