Our VA Jumbo Loan is Just a Little Bit Different
Some people never achieve the dream of owning their own house, but this doesn’t have to be you. You also don’t have to settle for mediocre property. With our VA jumbo loan, you can get your hands on the perfect home that is perhaps a bit pricier than normal limits. VA loans are automatically much better for veterans than conventional loans because of all the benefits they offer. Just a few of the positive aspects include getting approval easier, lower interest rates, IRRRL, and 100 percent refinancing or no money down. Our VA loans offer all of this. With the jumbo loan, there are a few differences, the biggest of which is down payment.
Usually, veterans aren’t required to put down money on a house. With a jumbo however, veterans aren’t exempt from paying down payment. Fortunately, it’s just a fraction of what others would pay. Instead, down payment is only 25 percent of the difference between the housing price and the county loan limit. Not bad at all.
Refinancing Your VA Jumbo Loan
With your jumbo loan specifically, there are many available options for purchasing and refinancing that are only available through the VA. What you choose depends entirely on your needs and goals, provided that you qualify. Here are a few refinancing options:
- IRRRL: easily reduce rates with a streamline refinance.
- cash-out refinance loan: need extra cash to pay off other bills or enlarge your reserve? The cash-out option will give you the extra room you need all on the same loan.
- energy efficiency mortgage (EEM): storm windows, solar heating, and weather stripping are all available with this option.
- debt consolidation loan: credit card payments can be made with the same interest rates as your mortgage.
- home improvement loan: get extra money to improve your home and raise its overall value.
All of these options are available for a jumbo as well as a conforming loan. And the VA offers a jumbo refinancing limit of up to 90 percent, which is much higher than would otherwise be available to you.
What Other Benefits Do You Get with the VA Jumbo Loan?
Lower interest rates. Everybody likes to hear that phrase, right? The present market has shifted so that jumbo rates are lower than conforming rates, and with the VA, you will likely get even lower rates than standard jumbo mortgages.
Beyond the rates, VA approved jumbo loans come with such benefits as no PMI when refinancing, no prepayment penalties, and the VA funding fee can be rolled into the amount you want to refinance. There are even more benefits but this gives you a few good things to start on. Our VA jumbo loan can open so many doors for you . . . figuratively and literally.
There’s Them . . . and then There’s Us
There are ordinary mortgage loan companies, then there are VA loan companies, and then there’s us. Other loan companies have lenders who aren’t as familiar with the VA as we are. From the very start we’ve been working with VA standards. We have an amazing team that knows the business and prioritizes your needs. We work for you, with you, and in behalf of you to get more benefits and better rates than you can imagine. At times the mortgage process boggles buyers and the details frustrate the most even tempered. But it doesn’t have to be this way. When it comes to our approved VA jumbo loan, we want to get you the most house for your money, and we can. The biggest difference between us and our competitors is that we offer awesome customer service and terrific rates!