On July 15, 2022, PHH Mortgage announced that it will cap the maximum loan amount for VA loans at $2.5 Million.
In addition to the maximum loan amount for VA loans, VA loans that exceed $1 million will be subject to the following minimum credit score requirements:
| Loan Amount |
Credit Score |
| $1,000,001 - $2,000,000 |
700 |
| $2,000,001 - $2,500,000 |
720 |
The updated credit score requirements for large VA loans will be published to the product listings on AllRegs and is effective for new locks as of 9/12/2022.
If you have any questions, please contact your your Correspondent Specialist, Sales Executive, or contact us via the support line at 800-929-4744.
Thank you for your continued business.
Coming soon – PHH Mortgage is changing its name!
