VA Loan Limits for Washington State

Below are the loan limits for VA loans in Washington state for 2010.  I should have posted this earlier this year, I've recently had more inquiries about this great program.  

  • King, Snohomish and Pierce Counties:  $481,250
  • San Juan County: $505,000
  • All other counties in Washington state: $417,000

If a Veteran elects to purchase a home with a sales price higher than the loan limit, they're down payment is 25% of the difference between the loan amount above and the sales price.


A veteran purchases a home in Kitsap county with a sales price of $560,000.  

$417,000 (Kitsap county VA loan limit) x 25% = maximum guarantee and possible entitlement = $104,250.

$104,250 / $560,000 = 19%.  Since this is less than the 25% maximum guarantee, a down payment will be required. 

$560,000 x 25% = $140,000.  

$140,000 – $104,250 (maximum guarantee) = $35,750 required down payment.

The base loan amount for this scenario (not including the funding fee) is $524,250.

A Veteran can purchase this home with 6% down payment!

Zero down loans are also available as long as the sales price does not exceed the VA loan limit. 

Today's rates make VA loans very attractive and sellers are more likely to consider paying closing costs.   Rates right now are still in the low to mid-4s for a VA loan.   A Seattle area home with a sales price of $685,000 can be purchased with a down payment just under $51,000 and a rate of 4.375% priced with 0 points (apr 4.683).  

King, Pierce and Snohomish VA loan limit of $481,250 less the sales price of $685,000 = $203,750.  $203,750 x 25% = $50,937.50 required down payment for VA loan.

Lenders have various limits as to how large of a VA loan they'll fund.  This is one reason why it's great to work with a company like Mortgage Master Service Corporation where we have several sources for government loans.   If I can provide you a quote for a VA loan on a home located in Washington state, please contact me.

Attention Sellers: you're really limited the chances of selling your home if you don't consider buyers who are using VA or FHA financing!

Last but not least, THANK YOU to those who serve and have served our country.

Please leave a reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.