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Robert Chomentowski's Blog

By Robert Chomentowski 858-922-7899 | Mortgage Broker
or Lender in San Diego, CA

Jumbo VA Loan Only 1 year After Short Sale in San Diego

It used to be fairly common that the soonest a VA eligible borrower could apply for a jumbo VA loan after short sale was two years.  Now that is only one year.  One year after your short sale you can be back in the market buying.

A jumbo VA loan is any VA loan that is over $417,000.  Different counties in California have different VA loan limits for 100% financing.  But in any of these counties you can still go over the VA loan limit of that county with a small down payment.  Below are a list of the larger counties VA loan limits:

-Los Angeles County:$668,750
-Orange County:$668,750
-San Diego County: $500,000
-Alameda, Contra Costa, Marin, San Francisco, Santa Mateo County:$987,500
-Sonoma County: $448,750
-Santa Cruz County:$668,750
-Riverside County:$417,000
-San Bernardino County:$417,000
-Fresno County:$417,000
-Shasta County:$417,000
-Napa County;$521,250
-Santa Barbara County:$593,750

To get a jumbo VA loan after short sale you want to make sure you are 12 months from you last late mortgage payment that lead up to your short sale.  Also, you want to make sure you do not have any derogatory items on your credit following your short sale.  

So feel free to call or email me if you have any questions regarding VA home loans in California.

Rob Chomentowski
Sr. Loan Officer
Affinity Financial

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