In 2023, the maximum limit for a VA Jumbo Loan in the state of Idaho is $4 million with the unique advantage of requiring zero down payment. This type of loan is classified as a VA jumbo loan because it exceeds the conforming limits, yet it still allows borrowers to forego a down payment. This feature is becoming increasingly common and is a valuable option for those who want to preserve their cash while financing a substantial home purchase.

Additionally, with higher loans like this, there’s a notable benefit in opting to pay your own property taxes and insurance. By doing so, you have the opportunity to earn interest on the funds you would have otherwise handed over to the bank for these expenses. This strategic financial move can help you make the most of your financial resources when dealing with significant VA home loans in Idaho.  Here at Creekside Mortgage, Inc. we have one bank that will allow Veterans to do this option if their credit score is over 680.  Most banks don’t offer this but we think its a large advantage to have as an option on 100% VA home loan purchase.