Downtown San Diego Condos: 26%+ Reduction in VA limits
Wednesday, December 9, 2009 at 10:56PM Sharyn Crown of Crown & Crown writes...
The new 2010 VA loan limits for San Diego reflect our market and unfortunately will price some VA buyers out of the marketplace. The 2009 VA loan limits in San Diego are currently $593,750. Per the VA, 2010 loan limits for San Diego will be $437,500. That is a -$156,250 reduction or approximately a 26%+ decrease in loan limits. That is amazing to me because that is like the ax has been lowered.
There are several downtown San Diego condo complexes that are VA approved and it will be interesting to see if the pricing matches the loan limits.
Click the Department of Veterans Affairs logo to view the 2010 VA loan limits
Lending today is like riding a roller coaster. Each day is different. That is why it is so important to use a reputable and experienced lender. We have several lenders we use and if you would ever like to ask some questions, with no obligation, just give us a call or send us an email. We will make sure any and all of your financing questions are answered. If we don't know the answer, we will find it out for you.
If you would like to view the 2010 VA loan limits for high-cost counties, just click our VA loan limits.
This is a series of articles written by Sharyn and Victoria Crown, Downtown San Diego realtors and brokers.
