No Down Payment VA Jumbo Loans
We offer VA Jumbo Loans for eligible military personnel.
VA Jumbo Loan Solutions
A VA Jumbo Loan enables eligible military personnel to finance high-value properties beyond conforming loan limits, offering benefits such as competitive interest rates and no down payment requirement.
No Down Payment Requirement
VA Jumbo Loans often do not require a down payment, making it more accessible for eligible borrowers to finance high-value properties without having to save a significant amount upfront.
Competitive Interest Rates
Due to government backing, VA Jumbo Loans typically have lower interest rates compared to conventional jumbo loans, potentially saving borrowers money over the life of the loan.
No Private Mortgage Insurance (PMI)
Unlike conventional loans, VA Jumbo Loans do not require borrowers to pay private mortgage insurance, which can lead to substantial savings throughout the loan term.
What is a VA Jumbo Loan?
VA Jumbo Mortgages
A VA Jumbo Loan is a mortgage option designed for eligible U.S. military veterans, active duty service members, and certain surviving spouses, allowing them to finance high-value properties above standard conforming loan limits. This type of loan offers competitive interest rates, no down payment requirement, no private mortgage insurance, flexible credit requirements, and no prepayment penalties. Although VA Jumbo Loans provide numerous benefits, borrowers must meet specific service and credit requirements and provide a Certificate of Eligibility to qualify.
We Can Help
While VA Jumbo Loans provide numerous benefits, they have eligibility requirements and funding fees that borrowers must consider. To qualify, borrowers must meet service and credit requirements and provide a Certificate of Eligibility (COE) to verify eligibility for VA loan benefits. For more information or assistance in determining if a VA Jumbo Loan is suitable for your situation, feel free to contact our team of mortgage experts, who are committed to guiding you through the homebuying process and finding the best financing option for your needs.
I’ve worked with Jay Hurst on several loans. Jay is extremely knowledgeable and helpful, and was able to advise me on the options for my recent purchase. Great guy to have on your side, and great rates!
Hurst Lending was very easy to work with and stayed in constant contact with me throughout the loan process so I never had to wonder what the status of the loan was.
The Hurst Lending Difference
Low downpayment options available.
With a quick closing and no red tape.
We offer some of the best rates available.
Creative approaches for unique situations
Competitive VA Jumbo Rates
Our VA jumbo loan rates are competitive, and may even be slightly lower.
Frequently Asked Questions
What is a VA Jumbo Loan?
Who is eligible for a VA Jumbo Loan?
How do VA Jumbo Loans differ from conventional jumbo loans?
What is the current conforming loan limit?
Are there funding fees associated with VA Jumbo Loans?
Yes, VA Jumbo Loans have funding fees that depend on the borrower’s military status, down payment amount, and whether it’s the first-time use of the benefit or a subsequent use. Some borrowers may be exempt from funding fees, such as those receiving VA disability compensation.
What credit score do I need for a VA Jumbo Loan?
While the Department of Veterans Affairs does not set a specific minimum credit score, individual lenders may have their own credit requirements. Generally, VA Jumbo Loans have more flexible credit requirements compared to conventional jumbo loans.
Can I refinance my existing mortgage with a VA Jumbo Loan?
Yes, you can refinance your existing mortgage with a VA Jumbo Loan through the VA Cash-Out Refinance program, which allows you to access your home’s equity and potentially secure better loan terms or interest rates.
Can I use a VA Jumbo Loan to purchase an investment property?
No, VA Jumbo Loans are intended for purchasing primary residences only. You cannot use a VA Jumbo Loan to finance an investment property.
Jumbo Mortgage Expertise
We help simplify the jumbo loan process & get you a low downpayment.
About Hurst Lending
We have been helping our customers buy, sell, and refinance their homes since 2006. Our personalized approach to the home buying process includes a suite of services that solve common hurdles in the home buying process. Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to get a No-Seasoning Cash-out loan; Being unable to obtain a mortgage because your new or old house needs modest repairs; or simply because you prefer using our funds to close quickly without having to liquidate other investments? Our Industry-leading suite of short-term loans solves these issues. We also offer a suite of real estate investor loan products and a full suite of conventional, VA, FHA, construction and traditional home loans.