VA certification for houses over 1 million dollars?

[Ronald L Patton]

A client has told me I have to have VA certification to do houses over $1million. Never heard of this. Is anyone familiar?

 

[shrubberyvaluation]

A client has told me I have to have VA certification to do houses over $1million. Never heard of this. Is anyone familiar?

Sounds like they either don't know what they are talking about or the client has requirements above licensing certification. I have never heard of this.

 

[TerryRohrer]

For a non-VA loan? Your client is a fool if that is what they are suggesting.

 

[glenn walker]

A client has told me I have to have VA certification to do houses over $1million. Never heard of this. Is anyone familiar?

Yeah in California we have Million Dollar VA Loan now but many located in areas where ther are no Million Dollar homes like in Bay Area where $1.5 Million gets you a shack.

 

[glenn walker]

For a non-VA loan? Your client is a fool if that is what they are suggesting.

The VA no longer limits the size of loan it's willing to guarantee. VA borrowers in San Francisco, California, and Washington, D.C., for example, will find that Zero-down-payment VA loans of one million dollars or more are indeed possible.

 

[Jerry Bone Jr]

A client has told me I have to have VA certification to do houses over $1million. Never heard of this. Is anyone familiar?

Where in VA Pam 26-7 is this $1 million limit ?

 

[glenn walker]

Where in VA Pam 26-7 is this $1 million limit ?

Where in VA Pam 26-7 is this $1 million limit ? Where in VA Pam 26-7 is this $1 million limit ? In Oregon ----As of Jan 1, 2022, VA loan limits for all counties in Oregon are $647,200. In California many Counties are at $675,000 to $970,000-- As Far as VA Pam-26-7 dont believe that has loan limits in it or I cant find them but all Lenders have lists of what State and Individual County's limits are. Also some are not all 100% Loans and require down payments.

 

[KYLECODY]

A client has told me I have to have VA certification to do houses over $1million. Never heard of this. Is anyone familiar?

He probably meant to say you have to be certified, not licensed, for over the $1 million and threw in the VA part because he is a moron?

 

[glenn walker]

He probably meant to say certified, not licensed, and threw in the VA part because he is a moron?

Good point I believe you are correct as a Licensed is limited to a transaction value of $1,000,000.

 

[Tru Red]

You have to be a certified appraiser if you do homes over $1,000,000.