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Here's how the math works, assuming you're buying in another county with the standard VA loan limit: $647,200 x 25% = $161,800 Maximum Guaranty. $161,800 - $50,000 = $111,800 Entitlement Available.
VA loan eligibility You are on active duty and have served 90 continuous days. You are a veteran who meets length-of-service requirements, which generally are 90 days in wartime and 181 days in peacetime. You completed 90 days of active-duty service or six creditable years in the Selected Reserve or National Guard.
The $36,000 isn't the total amount you can borrow. Instead, it means that if you default on a loan that's under $144,000, we guarantee to your lender that we'll pay them up to $36,000. For loans over $144,000, we guarantee to your lender that we'll pay up to 25% of the loan amount.
Your COE will list exactly how much entitlement you have; if you don't currently have a VA loan, it will show the full basic VA entitlement of $36,000. If you own any other VA-financed properties, the COE will provide details about the loans and how much entitlement you've used.
5:30 17:14 How to calculate your remaining entitlement in 2020 (and beyond) YouTube Start of suggested clip End of suggested clip Says it's simply 25 of the loan. Amount luckily that's pretty straightforward. And the formula wouldMoreSays it's simply 25 of the loan. Amount luckily that's pretty straightforward. And the formula would look like this take your loan. Amount multiply it by 0.25.
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VA loan entitlement is the dollar amount the Department of Veterans Affairs will guarantee on each VA home loan and helps determine how much a veteran can borrow before needing a down payment. VA loan entitlement is typically either $36,000 or 25% of the loan amount up to the conforming loan limit.
That's the initial amount you could borrow using a VA loan. To get your bonus entitlement, take the conforming loan limits for your county (let's say $647,200 in this case) and divide by four: $647,200 / 4 = $161,800. Then subtract your basic entitlement: $161,800 - $36,000 = $125,800.
To find out how much of your entitlement you've used, simply multiply your loan amount by 0.25. You'll also need to determine your county's conforming loan limit. In 2021, the baseline conforming loan limit was $548,250. In 2022, the loan limit is $647,200.
Specifically, for Veterans with full entitlement, the maximum guaranty amount is 25 percent of any loan amount above $144,000, regardless of the county loan limit.
Here's how the math works, assuming you're buying in another county with the standard VA loan limit: $647,200 x 25% = $161,800 Maximum Guaranty. $161,800 - $50,000 = $111,800 Entitlement Available.

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