VA jumbo loans: Another great option for veterans
If you’re looking to take full advantage of your VA benefits, and you’re VA–eligible, a VA jumbo loan may be an ideal home loan solution.
Thanks to VA’s relaxed guidelines and down payment requirements, VA jumbo financing can offer a tremendous opportunity for qualified veterans looking to purchase or refinance.
And, finding a lender for your VA jumbo loan should be easy, as many lenders now offer VA jumbo loan products.
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What’s considered a VA jumbo loan?
VA loans are usually considered to be “jumbo” when they exceed local conforming loan limits. If your loan is classified as a VA jumbo loan, that typically means you’ll have to make a down payment. In addition, the requirements to qualify for a VA jumbo loan can be stricter than for a VA loan below conforming loan limits.
About VA loan limits
Generally, VA loans limits correspond with conforming loan limits. In 2022, those limits max out at $ in most of the U.S. but can reach $<span data-shortcode-name="current_loan_limits" data-shortcode-attributes="%7B%22loan_type%22%3A%22conforming%22%2C%22unit_count%22%3A%22one_unit%22%2C%22zip_code%22%3A%2294124%22%2C%22loan_limits%22%3A%22%7B%5C%22type%5C%22%3A%5C%22success%5C%22%2C%5C%22message%5C%22%3A%7B%5C%22county_…….