VA Jumbo Loans

San Diego VA Jumbo Loans (aka VA High Balance Loans)

The Veterans Administration has increased San Diego VA Loan Limits for 2015 up to $562,350 to help Veterans utilize their VA benefit to purchase a home with an affordable, secure, Zero down VA Loan.

The Standard VA Loan limit is $417,000. In select areas approved by the VA, the loan limit is much higher.  San Diego’s VA Loan Limit is $562,350 for 2015 .   Qualified Qualified Vet’s can qualify up to $562,350 with no money down for San Diego County homes.

We offer VA Jumbo Loans that exceed the San Diego VA Loan Limit.  VA Jumbo loans that exceed the San Diego VA Loan Limit require a downpayment or equity of atleast 25% of the amount that exceeds $562K  (plus 25% of the VA Funding Fee if applicable).

Here are some of the benefits with VA Jumbo loans for San Diego Veterans:

  • 100% VA Jumbo Purchase Loan up to $562,350 in San Diego for 2015
  • Zero down payment required – up to the San Diego 2015 VA Loan Limit – $562,350  (recently revised higher by the VA from $546,250)
  • Closing costs are typically lower than conventional or FHA Loans
  • NO PMI, MIP, or Mortgage Insurance
  • No Prepayment Penalties
  • Vets with a 10% or greater VA Disability Rating are Exempt from the VA Funding Fee
  • Competitive fixed interest rates
  • VA Jumbo loans can be used to purchase Condo’s, Single Family Homes, Townhomes, PUD’s, &  2-4 Units
  • You can exceed the county VA loan limits by contributing a down payment (usually smaller than what is required on conventional or FHA

VA Jumbo Loans After Financial Hardship:

  • VA Loans available in as little as 2 yrs after Bankruptcy Discharge
  • VA Loans available in as little as 2 yrs after Foreclosure
  • VA Loans available in as little as 2 yrs after Short Sale (or sooner – call us for details)
  • VA Loans available after Short Sale’s without late payments with no waiting period

VA Jumbo IRRRL Streamline Refinance Info for San Diego:

  • San Diego VA IRRRL Streamlines – available to lower your interest rate
  • No income Verification, Credit Qualification, or Asset documentation required in most cases
  • VA Jumbo IRRRL Streamline Refinances are available for Primary, Non-Owner, Investment, or Rental Homes
  • Our VA Jumbo IRRRL Streamline Refinances are not limited to your County VA Loan Limit.

VA Loans do not require mortgage insurance, however the VA requires a funding fee to issue a VA Guarantee to insure against future VA borrower default on a mortgage.    The VA Funding Fee can be Financed into the loan (typical) or paid in cash by the buyer or seller.   Veterans with a 10% or higher VA Disability Rating are EXEMPT from the VA Funding Fee – please ask to see if you qualify.

VA Jumbo loans can be used in San Diego to buy a Home,  refinance your home, buy a Condo, Combine a first and second mortgage, consolidate debts, or just lower your interest rate.

VA Loans do require a  Certificate of Eligibility from the VA.  which must be obtained to qualify for a VA loan.  We can help you get your Certificate of Eligibility,  just send us your DD-214 and we will help out.

Call us to get started on your VA Jumbo Loan, we can help you attain your VA Certificate of Eligibility and get Pre-approved for your VA Loan.   866-900-2342 Toll Free Direct or apply online via our secure Online Application.