Orange County home buyers eligible for a VA loan are able to purchase a home in 2023 at any price. Yes, that is correct. The loan limits for 100% financing which we have always had were eliminated effective January 1, 2020. Now, it doesn’t matter what county you want to buy a home in or your price range. So you want to buy a $2,000,000 home with a $0 down payment? As long as you have enough verifiable income, decent credit, and meet other VA qualifying requirements, then you will not need a down payment to complete the purchase. If the property is a condo, then you need to ensure it is in a VA-approved condo complex.
VA Loan Limits for Southern California for 2023 |
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| ($0 Down and Up To) | ||
| County | Single Family Home | |
| Orange | $ any price | |
| Los Angeles | $ any price | |
| San Diego | $ any price | |
| Riverside | $ any price | |
| San Bernardino | $ any price | |
**Updated 1/1/2022