Buy or Refinance in High Cost County with VA Mortgage

The maximum loan limits for FHA Jumbo Loans for 2010 is $729750.So if a borrower needs to buy or refinance their home they would need to have equity for the amount financed over the maximum loan limit allowed.


However VA Mortgage offers a great possibility in select counties of California.


The counties with limits over $729750 are

• Alameda $962500


• Contra Costa $962500


• Marin $962500


• San Francisco $962500


• San Mateo $962500

So if a borrower needed amounts higher than the $729750 an option available is VA Mortgage.The Mortgages rates are as competitive as any program available.


Here are some of cities with the higher median prices falling in the above counties .The order of appearance is County,City and median sales price in Dec 2009

• Contra Costa County -DANVILLE - $743,233


• San Mateo County - San Mateo - $713,124


• Alameda County - PLEASANTON - $700,493


• Alameda County - BERKELEY - $689,505


• San Mateo County - Redwood City - $683,062


• Marin County - SAN RAFAEL - $677,104


• Alameda County - ALAMEDA - $593,918


• Contra Costa County - SAN RAMON - $567,497


• Marin County - NOVATO - $543,565


• Contra Costa County - WALNUT CREEK - $535,135


• Alameda County - FREMONT - $504,645

Existing Homeowners and prospective Buyers should strongly consider the VA Mortgage to Purchase or Refinance.



We write articles covering a wide range of topics ,on a regular basis , on Loan Qualification for FHA Home Loan ,VA Home Loan ,USDA Home Loan and Conventional Home Loan Mortgage.The articles are available on our website and our blog HomeSearchFinderBlog.com.

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