VA Jumbo home loans are perhaps the best kept secret in home loans! While standard VA Home Loan amounts stop at a County’s maximum conforming loan amount limit, VA Jumbo home loans go much higher.
Arizona VA JUMBO Home Loan
Veteran’s seeking financing above their County’s maximum conforming loan limit have access to a VA Jumbo Home Loan. In fact, VA Jumbo Loans offer eligible veterans an amazing home loan option. For example:
- 0% Down Payment
- Competitive Interest Rates
- No Monthly Mortgage Insurance
- Flexible Credit Guidelines
After VA borrowers surpass their County’s maximum loan limit on a VA home loan it is classified as a VA JUMBO or VA High Balance (2 names for the same thing).
What Can a VA Jumbo Loan be Used for?
A VA Jumbo mortgage can be used for:
- Rate and Term Refinance
- Cash Out Refinance
Bottom line, veterans have access to great mortgage options even when it comes to Jumbo Home Loans.
By Jeremy House