VA Jumbo

VA Jumbo Loan Information

Although not widely used, VA jumbo loans are available. While all veterans can get a 100% VA loan up to $417,000 there are situations where you can go above that loan amount.

In order to increase the amount of a VA loan, it is required to have a down payment. If you have a 5%* down payment available you can buy a house up to $520,000. If you have a 9%* down payment, you can buy a house up to $650,000.

If you are already in a VA loan at this loan amount level you are definitely eligible for the VA streamline refinance. It works the same way as a smaller sized loan amount, but the savings is often magnified since interest rate is more significant the larger the loan amount.

* For $150,000 loan; 360 monthly payments of $809.26 are based on principal and interest only, and an annual percentage rate (APR) of 5.068%. APR is subject to borrower qualification and subject to change. Third party fees may apply.