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.