VA Jumbo Loans

Washington VA Jumbo Loans (aka VA High Balance Loans)

The Veterans Administration has increased Washington VA Loan Limits 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.  Washington’s VA Loan Limit is $517,500 for King, Snohomish and Pierce counties.   Qualified Vet’s can qualify up to $517,500  with no money down.

We offer VA Jumbo Loans that exceed the Washington VA Loan Limits.  VA Jumbo loans that exceed your County VA Loan Limit require a down payment or equity of at least 25% of the amount that exceeds $517,500 or your county VA Loan Limit.

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

  • 100% VA Jumbo Purchase Loan up to $517,500  in many Washington Cities for 2015  (King, Pierce, and Snohomish)
  • Zero down payment required up to your County VA Loan Limit
  • Closing costs are typically lower than conventional or FHA Loans
  • NO PMI, MIP, or Mortgage Insurance
  • No Prepayment Penalties
  • 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
  • VA Loans available after Short Sale’s without late payments with no waiting period (if it was a non-va loan, call for details)

VA Jumbo IRRRL Streamline Refinance Info for Washington:

  • Washington 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 Washington 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 Get Started Online here 24/7