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are any lenders doing VA jumbo purchase loans?

by laruis784623626 from Daly City, California. Aug 12th 2014 Reply


Bob Taylor (bob.ta_307_300)
#897 ranked lender in California - 4 contributions

Yes Banc Home Loans is full service VA lender

Aug 12th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Sure, we can do that - assuming all the usual requirements are met.

Aug 12th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,707 contributions

Most lenders offering VA lending will allow for a VA jumbo purchase, however understand that VA entitlement is limited based on 25% coverage on a $417K loan (conforming loan limits). For this reason, if your purchase price is below $417K, you will not need a down payment, however If it is above the $417K, you will need to put money down. Here's a link to VA's website showing some examples. http://benefits.va.gov/homeloans/documents/docs/guaranty_calculation_examples.pdf .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 12th 2014
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David LaRose (DaveLa)
#1008 ranked lender in California - 1 contribution

Yes, we have been doing them for over a decade.DaveDirect Mortgage Source, Inc.888-940-7283 ext.11

Aug 12th 2014
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Steven Brand (stevenbrand)
#3 ranked lender in Minnesota - 104 contributions

As you can see from the other answers... jumbo loans for VA loans are available. In a branch managers meeting just the other day we were going through numbers and were pricing out VA loans as high as $1.2 Million for a MN purchase and many times CA loan limits are higher. iLoan Home Mortgage is a full-service correspondent lender from MN that follows the MN Good Funds law... meaning that we fund the loan the day of closing and your agents involved with your transaction will like that.

Aug 12th 2014
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Marty Stern (rubicon1020)
#435 ranked lender in California - 74 contributions

HI - I'm with HomeStreet Bank, north of San Francisco, and yes we are doing jumbo VA loans. For San Mateo county, we can go as high as $1,050,000. Great rates too! Give me a call at 707-364-4115. Marty Stern, a top 10 California lender on Lender411.

Aug 12th 2014
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Jason Vondrak (jvondrak)
#219 ranked lender in California - 1,741 contributions

Yes, jumbo home purchase loans are available assuming you meet other qualification requirements. Feel free to contact us and discuss your situation.

Aug 12th 2014
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

I think that most lender who offer VA loans will also offer VA jumbo loans. It is an amazing loan.

Aug 13th 2014
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