VA Loans for Military Families
The VA Jumbo Loan program offers additional funds to qualified borrowers for a maximum $1,000,000 VA Jumbo Home Loan.
Qualify for a VA Home Loan
PROPERTY LOCATION
LOAN PURPOSE
ESTIMATED LOAN AMOUNT
JUST UPDATED...
New VA Limits for 2010!
Follow us on Facebook
Visit us on Facebook! Follow us on Twitter
Follow us on Twitter!

VA Jumbo Loan

The New VA Loan Maximum Guarantee Amounts

Qualifying customers can now apply for a regular VA Loan with $0 down up to their county limit.

To see the $0 Down Payment amount for the single family home limit in your county, simply click on the applicable state.

Call Our Super Jumbo Expert at 800-317-2993


Take Advantage of the New VA Loan Maximum Limits

Qualifying customers can now apply for a VA Jumbo Loan up to $1,000,000 utilizing the VALoans.com Super Max program. You can apply for a home loan with no money down under new VA Loans Maximum Guaranty Amount guidelines:
  1. No money down for qualified borrowers for home loans up to a maximum of $417,000 or the higher limits for certain counties.
  2. The VA guarantees the loan up to a maximum guaranty amount of 25% of the loan.
Your VA guaranty amount is calculated based on the total amount of the home loan excluding higher amounts for certain counties.

Example Not Using Higher Limit Counties: If you borrowed the maximum no money down $417,000 VA home loan amount, the VA guaranty amount would be the maximum $104,250.

The same no-money down rules apply for the first $417,000 of your loan.
  1. Borrower pays a 25% down payment only on the amount above $417,000.
  2. Borrower pays the funding fee in cash for loans between $417,000 and $1,000,000.
Example Using Higher Limit Counties: If you borrowed the maximum no money down $729,750 VA home loan amount, the VA guaranty amount would be the maximum $182,438.

The same no-money down rules apply for the first $729,750 of your loan.

  1. The same no-money down rules apply for the first $417,000 of your loan.
  2. Borrower pays a 25% down payment only on the amount above $417,000.
  3. Borrower pays the funding fee in cash for loans between $417,000 and $1,000,000.
VALoans.com Super Max example in counties with maximum $0 down loan of $417,000 using a sample loan amount of $690,000:
  • The first $417,000 of the loan = $0 down.
  • Any amount in excess of $417,000 = 25% down payment on that amount.
  • A total loan of $690,000 would be $273,000 over the no money down limit of $417,000.
  • Your 25% down payment on that $273,000 = $68,250.
  • You are also required to pay a funding fee in cash up front.
VALoans.com Super Max example in counties with maximum $0 down loan of $729,750 using a sample loan amount of $1,000,000:
  • The first $729,750 of the loan = $0 down.
  • Any amount in excess of $729,750 = 25% down payment on that amount.
  • A total loan of $1,000,000 would be $270,250 over the no money down limit of $729,750.
  • Your 25% down payment on that $270,250 = $67,563.
  • You are also required to pay a funding fee in cash up front.
Additional information on all Super Jumbo VA Loans:
  1. Minimum FICO score of 680 required for loans above $650,000.
  2. Manufactured homes are not eligible for VALoans.com Super Max program.
  3. Funding fees cannot be financed above conforming loan limits.
  4. 2- to 4-unit purchase transactions and all refinance transactions will remain at conforming loan limits. They are not available under this VA Jumbo Program.
  5. Refinance transactions remain at conforming loan limits.
  6. The funding fee must be paid in cash either by the veteran or the seller.
  7. The VALoans.com Super Max program is for fixed rate loans only.
  8. Other terms and conditions may apply.

Call Our Super Jumbo Expert at 800-317-2993

VA Loan Articles

Read About News, Updates, and Guidelines

:: VA Appraisals--What's Involved?
What does a property need in the way of a VA appraisal before it can be successfully considered? Many first time homebuyers are nervous about the appraisal process—what if that dream home doesn’t pass the inspection? Do a few defects automatically disqualify a home from being considered for a VA loan?
:: VA Loan Fees That Borrowers Should Anticipate
An informed buyer is a prepared buyer. If you know about your responsibilities to pay the cost of assessments, credit reports, and flood zone determination for the VA loan you can start saving now or make plans to offset the cost when the time comes.
:: Shopping for a VA Home Loan? Know the Details.
Did you get a pre-approved loan amount before shopping for that dream home? That can be an important first step to smooth the way during a serious house-hunt, and that’s just one bit of advice many wish they had gotten when they first started out.
ADDITIONAL ARTICLES
:: 2010 BAH Rate Charts
:: VA Loan Applications: Your Credit Report
:: VA Loan Assumption--What Veterans Need to Know
:: What Does the VA Use to Approve VA Mortgage Loans?
:: VA Loans for Custom Homes 101
:: Types of VA Loan Repayment Plans
FREE CREDIT SCORE
Do you know what's on
your credit report?

------------------------------------------
Forms for Veteran Benefits
------------------------------------------
VA LOAN RATES
New Home Loan
National Averages
for 7/30/2010

30 Year Fixed
0.000 points
4.250%
4.365% APR

15 Year Fixed
0.000 points
4.000%
4.201% APR

Sites and Offers of Interest
 
More Links of Interest
Proudly Endorsed by:
Military Hub
Building wealth and save money. Military Hub is about helping you make the best military financial choices for your future.
- A Military Hub Site -
Military guidelines, regulations, and benefits are introduced each year for everything from Military Pay Charts to your VA Loan benefits. We can help you stay informed. > See also: 2009 Military
Personal loans from $500 to $10,000

for Military Members-
Find out how MBA Supports Our Troops and gives back to the military community.


Put your home equity to work!

VALoans.com is a private company specializing in VA financing and is not a government agency, including the VA.

Better Business Bureau