VA Jumbo Loans

Picture Your Dream Home

Do you see a cozy and quaint home where you can lay down roots? A historical split-level with a basement? Or do you see a home that contains every imaginable upgrade available?

Regardless of how big your dreams, you can make them a reality with a VA Jumbo Home Loan. Let the VA specialists at Forthright Funding make your dream come true by contacting us today!

Make Your Dreams a Reality

Designed to be big enough to cover the size and cost of your dream home, the VA Jumbo Home Loan can be used to finance a home that costs more than $424,000*, with very little or NO money down.

It works like this: If you are an eligible veteran or active-duty service member, you can apply to finance the home of your dreams with a VA Jumbo Home Loan up to $1,500,000.

All you will be required to pay is 25 percent of what is above the VA County Loan Limit! So that you can envision this better, let’s look at the following example: Imagine that you just found your dream home and that it costs $600,000.

You should first find the VA County Loan Limit then calculate the difference between the county limit and $600,000. As an eligible veteran, you will be required to put 25% down on the difference in the amount of the county limit and the purchase price.

In this situation, let’s say that the county limit is $424,000. The difference between the county limit and the purchase price is $175,000 ($600,000 – $417,000). You will need to put down 25% of the $175,000 ONLY. That is a total of $43,975**. To make it very easy, please visit our VA Down Payment Calculator.

*This amount is based on the U.S. Department of Veterans Affairs’ Revised 2014 Maximum Guaranty Limits.
**This amount assumes that you have all of your VA eligibility available.
Please call us to find out the down payment required if you have another VA loan currently or lost some of your eligibility (855) 351-9522.

VA Jumbo Loan Refinance

There are two types of refinancing for VA Loans:

  • Interest Rate Reduction Refinance Loan (IRRRL) aka VA Streamline
  • Cash Out Refinance

For an IRRRL, the county limits and eligibility will not become a factor at all as we can refinance without an appraisal AND you have already met the insured obligations when you originally secured the VA Jumbo Loan. In order to qualify for an IRRRL you must currently be in a VA Loan that is insured by the VA. Any other refinance transaction is considered cash out (even if you are not taking money out of the home).

A refinance qualifies as a VA cash out refinance if you are refinancing from another loan type (conventional, FHA, Jumbo, etc.) to a VA loan or you are refinancing to actually take cash out of the home. The VA looks at both of these transactions as one in the same. But not to worry, pricing will be the same for both types of VA Cash Out refinancing. For both scenarios, you are able to go up to 100% of the county limit for financing; anything above and beyond the VA County Limit you will have to satisfy the 25% rule as with a purchase.

Would You Like to Learn More?

If you would like to determine how much home you can afford, and get pre-qualified for a VA Jumbo Home Loan, please feel free to contact us at (855) 351-9522.

In the meantime, here are some links that can help you determine how much down payment you will need (if any), as well as to additional information:

Ready to fill out an application?

**The consumer’s total finance charge may be higher over the life of the loan by refinancing your current loan

Contact Us

Discover The Difference
At Forthright, we will always treat you like a neighbor and not like a number. So, if you're ready to put down some roots or transplant the ones you have, please feel free to give us a call at
(855) 351-9522.

7585 E Redfield Rd
Suite 110
Scottsdale, AZ 85260

Get In Touch
P: (855) 351-9522
F: (480) 207-6007


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