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J. Scott Harris – MortgageXperts.com

Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them! We close loans every day that Banks would not, or could not approve. NMLS # 375517 – Mobile 214-435-8825

J. Scott Harris – MortgageXperts.com - Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them!  We close loans every day that Banks would not, or could not approve. NMLS # 375517  – Mobile 214-435-8825

VA Jumbo Loans Available from $424,000 to $1,500,000 in TX, OK & LA

VA Jumbo Loans

NEWS FLASH – 1/1/2017 VA Loan Limits increase to $424,000.
ARTICLE UPDATED ACCORDINGLY

– 10/2015  VA JUMBO Max Loan Limit is now $1.5m for Eligible veterans and active duty military personnel.

LOWEST RATE, LOWEST DOWN PAYMENT & NO PMI

Most Veterans do not know VA Loans are available over the $424,000 Limit.

Most Banker and Mortgage Loan Officers DO NOT KNOW EITHER!

VA JUMBO loans are real, and they are the BEST way to buy a higher priced home as a Veteran.

VA 30 year Fixed Rates are very low compared to traditional Jumbo Loans.

Most Jumbo Loans require 20% or more down payment and often 5/1 or 7/1 ARMs.

For Veterans with Full Eligibility, the equation is simple.

No down payment is required for the 1st $424,000 of the loan.
The Veteran makes a 25% down payment for the difference in $424,000 loan
amount and the Sales Price.

So here is an Example:

$650,000 Sales Price minus $424 ,000 = $226,000

$226,000 X 25% = $56,500 Down Payment

$650,000 – $56,500 = VA Loan = $593,50050 which is 91% LTV

The BEST part is there is no Monthly PMI, just the VA Funding Fee, which is even reduced due to the larger down payment.

Please complete the Contact Form below or
Call 214 435 8825 to speak to J. Scott Harris, Your VA Home Loan Expert.