No. Your loan limit will be determined based on the results of an assessment of your ability to repay the loan. To find out what your loan limit is, you must fill out the VA home loan application.

Click here for the encrypted and secure VA home loan application.

The $36,000 is the base amount of the VA entitlement. The VA home loan entitlement is the amount of insurance policy you have. This insurance is the basis of the VA home loan guarantee. The VA will guarantee either 25 percent of the principal loan amount or $36,000 which ever is greater. There is a bonus entitlement that is based on the county that the home loan will occur in. For information about VA home loan limits, click here.

The United States Department of Veteran Affairs Home Loan Guarantee is a type of insurance policy. The VA does not lend money, instead the VA will guarantee the money lent by an investor. What this means is that an investor will loan you the money. In the event of a default, the VA will pay for a percentage of the lenders loss (either 25% or $36,000 whichever is greater).

The entitlement amount was originally set to $36,000 and has been adjusted accordingly. Because of this, the entitlement is stated as being $36,000. For more information about VA Home Loan Entitlement, click here.