2020 VA Loan Amount & FICO Changes

2020 VA Loan Amount & FICO Changes

 

 

  • VA Loan Amounts are increasing for 2020
  • VA FICO Minimums are changing for 2020

 

Effective immediately, VA loans can be locked using the new 2020 loan amounts, but the loans cannot close/fund earlier than 1/1/2020. 

 

Please refer to the VA Loan Limits and Funding Fee Changes for 2020 Quick Reference Guide on the HUB for more details.

 

Loan Amount

Minimum FICO

< $750,000

580 (normal guidelines apply)

$ Up to County Limit

580 (normal guidelines apply)

$750,000 - $999,999

620

$1,000,000 - $1,499,999

680

$1,500,000 – $2,000,000

700

 

 

2020 VA LOAN AMOUNT W/FICO CHANGES
Andre S. Hobbs, Realtor
Andre S. Hobbs, Realtor
Veterans One Source
1061 Tierra Del Rey Ste 202 Chula Vista CA 91910