New VA Loan and the VA Jumbo Loan (VA Loan Maximum Guarantee Amounts)

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.
   

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.
   

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.
   

• 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.
  

• 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.
  

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.