Maryland VA Mortgage - Learning Center.
Understanding a Maryland VA Home Loan.
Understanding your income when using a VA home loan:
Borrowers should have a full two years history. Higher education may be used in lieu of a full 2- year history. Job changes are “ok” if you have stayed in a similar field and as long as there have been no job gaps greater than 6 months in the last 2 years. 30 days of pay stubs will be needed when applying for the loan. Self-employed Borrowers or Borrower who need to use Overtime, Bonus or Commission income generally will have to show 2 years of those earning in qualifying
Understanding your reserves when using a VA home loan:
Additional reserves, funds over and above money needed at closing, may assist in the approval process. Funds for closing or reserves should not be cash on hand. All money should be ‘seasoned’, meaning already in your existing checking, savings, money market or retirement account for 60 days.
Understanding your credit when using a VA home loan:
Generally, a credit history of 3 open and active credit lines in good standing opened greater than 12 months ago is recommended. Your credit score maybe used in determining your eligibility. A minimum credit score of 580 is recommended*.
Understanding the property requirement when using a VA home loan:
The property must be appraised by a VA-approved appraiser and meet VA requirements. The loan limits vary dependent on the property locations.
Understanding a Maryland VA streamline refinance.
Common documents needed when utilizing a Maryland VA Mortgage loan.
Copies of your most recent 2 yrs W2’s for all qualifying Borrowers.
Here are some simple steps to follow for first time Maryland home buyers:
- Gather the necessary documents (listed above ‘Common Documents’)
- Search out the Maryland VA loan limits in your area.
- 3. Now you are ready to get your VA buyer advice direct from a loan officer. Request a Maryland VA home loan purchase rate quote
or a Maryland VA refinance quote.
Maryland 2024 VA Home loan limit broken down by Maryland Counties and Cities.
List of Services
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Anne Arundel County Maryland VA / Conventional Loan LimitsList Item 2
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Allegany County Maryland VA / Conventional Loan LimitsList Item 1
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Baltimore County Maryland VA / Conventional Loan LimitsList Item 3
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Baltimore City Maryland VA / Conventional Loan LimitsList Item 4
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Calvert County Maryland VA / Conventional Loan Limits
Single Family Unit: $1,149,825 | 2-Family Unit: $1,472,250 | 3-Family Unit: $1,779,525 | 4-Family Unit: $2,211,600 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2020 and originated after 10/1/2011 or before 7/1/2007.
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Caroline County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Carroll County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Cecil County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Charles County Maryland VA / Conventional Loan Limits
Single Family Unit: $1,149,825 | 2-Family Unit: $1,472,250 | 3-Family Unit: $1,779,525 | 4-Family Unit: $2,211,600 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2020 and originated after 10/1/2011 or before 7/1/2007.
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Dorchester County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Frederick County Maryland VA / Conventional Loan Limits
Single Family Unit: $1,149,825 | 2-Family Unit: $1,472,250 | 3-Family Unit: $1,779,525 | 4-Family Unit: $2,211,600 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2020 and originated after 10/1/2011 or before 7/1/2007.
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Garrett County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Harford County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Howard County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Kent County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Montgomery County Maryland VA / Conventional Loan Limits
Single Family Unit: $1,149,825 | 2-Family Unit: $1,472,250 | 3-Family Unit: $1,779,525 | 4-Family Unit: $2,211,600 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2020 and originated after 10/1/2011 or before 7/1/2007.
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Prince George's County Maryland VA / Conventional Loan Limits
Single Family Unit: $1,149,825 | 2-Family Unit: $1,472,250 | 3-Family Unit: $1,779,525 | 4-Family Unit: $2,211,600 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2020 and originated after 10/1/2011 or before 7/1/2007.
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Queen Anne's County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Somerset County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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St. Mary's County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Talbot County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Washington County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Wicomico County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
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Worcester County Maryland VA / Conventional Loan Limits
Single Family Unit: $766,550 | 2-Family Unit: $981,500 | 3-Family Unit: $1,186,350 | 4-Family Unit: $1,474,400 - The VA uses Fannie Mae and Freddie Mac maximum loan limits for mortgages acquired in Calendar Year 2023 and originated after 10/1/2011 or before 7/1/2007.
