VA Jumbo Loans. Low deposits & even lower rates for veterans.
The VA Jumbo loan (high-balance loans) are probably one of the most misunderstood and underutilized tool in the VA Benefits package. The majority of lenders do not even know how to leverage this lending tool to its full and complete capacity on behalf of their VA Borrowers. We have worked for years on making this tool work for our VA borrowers to its full capacity. If you are a veteran looking to purchase a home above $453,100, call us for a no hassle, no obligation review of your VA benefits so that you can at least examine your true options.
Most lenders will either try to sell you a different product because they don’t have the capacity to do this loan or just flat out don’t know how to structure it. Other lenders will try to do a VA jumbo loan but will mess up on how much you should use as a down payment, receive in rate, miscalculate your funding fee or not know how to leverage every penny in your eligibility. While they fumble around on your loan or sell you inferior products, what do you think will begin to happen with your contract on your purchase deal?
A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA; this fee may also be financed. In a purchase, veterans may borrow up to 103.15% of the sales price or reasonable value of the home, whichever is less.
You will be amazed at how low your rate will be and how little money you need to put as a down payment on our VA Jumbo loans.
VA Jumbo Loan Features & Benefits
- Loan Amounts up to $2,000,000
- Minimum Down Payment
- No Upfront or Monthly Mortgage Insurance
- Prime Interest Rates for Fixed and ARM Loans
- Easy closings
- VA Funding Fee may apply
- FICO Scores as low as 580