$0 Down 100% Financing with a VA Jumbo Loan for Portland Veterans
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Here is some additional information for Veterans obtaining a VA Jumbo Loan:
- Veterans that have their full entitlement will not need a down payment for a VA loan regardless of the loan amount.
- Veterans who have an active VA loan or diminished entitlement with a prior VA foreclosure may need to bring in a down payment.
- Veterans may need a minimum credit score of 620 and lenders may have additional requirements.
- The service requirement for a VA Jumbo loan are the same as a conforming VA loan.
- The interest rates may differ slightly and income and credit requirements may vary with lenders.
- Manufactured homes are not eligible for the VA Jumbo program in Portland.
- VA Loan Funding fees can financed for loans greater than $647,200. They may also be paid in cash by the Veteran or by the Seller at closing.
- Multi-Family 2 to 4 unit purchase transactions will also work with a VA Jumbo Loan on owner occupied purchases.
- The VA Jumbo Loan Program is best with a fixed rate loan.
- VA Funding Fee may be waived with 10% or greater service disability
- Other terms and conditions may apply, contact your local VA Lender for details