Good Evening. For a reference to all counties using VA, please use the link I am providing to go to the VA Website via the PDF link. http://benefits.va.gov/homeloans/documents/docs/2014_county_loan_limits.pdf
It should be possible to obtain a VA mortgage over the $417,000 limit as long as you make a downpayment too.
In Mercer County it is 417K In Franklin Lakes it is $978,750.00 Let's discuss your VA loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I am a proud vet that has been offering VA loans since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - Lending Nationwide Since 1989 - jamie@bartprequalifies.com - www.bartprequalifies.com or 973 979 4100 NJ office
I live and work in New Jersey. Mercer county is $417,000 as you can see and can go up to as high as $978,000. I would need to do the research for you regarding the specific address. I have been working with vets for several years now and I give my thanks to you for what you did for our country. I would be honored to work with you.
Hi Ollie, Thank you for your service. While the VA county loan limit is $417,000, the actual VA max loan amount is really based on what you qualify for. For example: If you wanted to buy a home for $540,000 in Mercer County using a VA mortgage you would have to qualify by having a down payment of at least $30,750 and enough monthly income to cover the proposed month mortgage payment. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |
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