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Are jumbo loans available through VA?

by wesley.neyer8613318 from New Hampton, New York. Mar 4th 2014 Reply


Chris Corica (chris@myqcfunding.com)
#22 ranked lender in New York - 59 contributions

Yes, depending how high you are looking to go. Feel free to email a little more general info about your scenario and I will put together a no cost, no obligation rate and fee estimate. Regards,Chris Coricachris@myqcfunding.com(716) 799-0846

Mar 5th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,144 contributions

Yes, and No.. You can do jumbo financing however your VA guarantee only covers the first $417K.. so you would not be able to do a jumbo with no money down.. how much down payment you need depends on many factors, so it's best to contact a local mortgage broker, sit down with them and let them look at your target price range.. from there they can put together a closing cost / down payment scenario.. 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

Mar 5th 2014
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Sean Young (SeanYoung)
#3 ranked lender in Colorado - 1,109 contributions

Yes, VA jumbo will give you 100% up to your County Loan limit then you would be responsible for 25% of the difference between the max county loan limit and the purchase price.

Mar 5th 2014
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John Schweer (johnschweer)
#9 ranked lender in Missouri - 162 contributions

William's answer is not correct, there are not many factors only one whats the purchase price and what is the VA county loan limit......... Sean however is on the right track........ You can go to 100% of your county limit on a VA loan these limits are set by the VA.... above that you will need 25% of the amount over the VA county loan limit........... I will be happy to explain them in detail if you'd like.... I am a US Veteran and have been specializing in VA lending for over a decade.... Thanks John Schweer 816-412-3568

Mar 11th 2014
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