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Announcement 2020-090 - VA IRRRL LTV Update

Effective immediately, for all new locks, the following LTV limits apply for VA IRRRL transactions:

Effective immediately, for all new locks, the following LTV limits apply for VA IRRRL transactions:

 

  • Primary Residence Portfolio and Non-Portfolio: No LTV/CLTV limitation
  • Investment (Non-owner occupied) Property Portfolio: No LTV/CLTV limitation
  • Investment (Non-owner-occupied) Property Non-Portfolio: 100% LTV/CLTV

 

As a reminder, the maximum loan amount is $1,000,000, except for manufactured housing, which is permitted to $510,400.