If you’ve been doing your VA home loan research, you may have heard a lot about “VA home loans up to $417,000.” What does that mean?
Well, quite simply, it means that by utilizing your VA home loan benefits, you may qualify for a loan up to $417,000* without having to bring in a downpayment.
But, does that mean that you cannot get a loan over the $417,000?
Creekside Mortgage, Inc. can find you a loan program for a VA loan up to $1 million, but you must bring in a downpayment. For the amount of money that you are borrowing over the $417,000, you must have a 25 percent downpayment.
If you have questions about jumbo VA home loans, contact Creekside Mortgage, Inc. at 800.920.5420.
*In some counties, you may qualify for a higher loan amount. For questions, contact Creekside Mortgage, Inc.