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VA Jumbo

VA jumbo loans are something not many people know about. While everyone can get a 100% VA loan up to $417,000 there are situations where you can go above that loan amount.

The most common way is if you have some sort of down payment. If you have 5%* down payment available you can buy a house up to $520,000. If you have 9% down payment you can buy a house up to $650,000.

If you are already in a VA loan at this loan amount level you are definitely eligible for the VA streamline refinance. It works the same way as a smaller sized loan amount. But the savings is often magnified since interest rate is more important the larger the loan amount.

*360 monthly payments of $809.26 are based on principal and interest only, and an annual percentage rate (APR) of 5.068%. APR is subject to borrower qualification and subject to change. Third party fees may apply.

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Other Useful sites:

Official VA Streamline Refinance Information

Veteran finance

VA Benefits

VA Home Loans

Refinancing in declining market

 

 

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