Contrary to popular belief, any qualified veteran and active military personnel can get a zero down Jumbo VA loan above the conforming loan limit of $453,100 (depending on county loan limit restrictions). Some lenders have their own loan limit restrictions as well but when you inquire about jumbo VA loans through VAloanlending.com, you will always have the opportunity to get a VA loan up to the maximum loan amount that VA allows. The larger the loan, the more you will save as well.
County Limit vs Maximum Loan Amount
Many confuse these two subjects as one in the same. There are quite a few realtors and Loan Officers out there that, believe it or not, don’t even know you can get a Jumbo VA loan over $453,100 but even more, don’t realize that you can borrow over the County Loan Limits. If you are not working with a well experienced VA Loan Specialist that can differentiate the two, you would be walking into a very large mistake, one that could cost you hundreds of thousands of dollars in higher interest payments, larger down payment requirements, possible costly monthly mortgage insurance premiums or even the chance of not qualifying as standard Jumbo loans have much more stringent credit qualifying requirements.
Quite simply, the difference between VA County Loan Limits and Maximum Loan amount has to do with your down payment. VA sets a limit in each county that restricts the amount you can borrow with Zero down payment requirements. That doesn’t mean you are limited to that loan amount. If you have the ability to put money down on the home and as long as that amount is equal to or greater than the 25% guaranty over and above that VA county loan limit, you can borrow over $1.6 Million.
List of states with county loan limits over $453,100
Top 10 Counties for Jumbo VA Loans
Below is a list of ten counties with high “VA county loan limits” and have had more veterans get there jumbo VA loans with the help of VALOANLENDING.com than in any of the other counties in the United States.
For more information about how to determine your portion of the VA Loan guaranty, consult with an experienced VA Loan Specialist. With the consultation you are guaranteed No Obligation, No SSN, No Hassles and No cost to inquire. No Lender fees will be charged to you for any VA loan closed as a result of your VALOANLENDING.com inquiry.