Wisconsin Jumbo VA Loans and Illinois Jumbo VA Mortgage Home Loans

With loan amounts up to $1.5 million and interest rates significantly below comparable jumbo products, there's no better time to consider jumbo VA loans! Eligible borrowers include active military, veterans, reservists, National Guard, and unmarried surviving spouses of eligible service members.

Jumbo VA Loan Key Features

• Maximum loan amount $1.5 million on 1-unit, owner-occupied properties
• Purchase and rate and term (IRRRL) refinances
• No monthly mortgage insurance required
• Minimum 660 credit score and 2-months reserves required for loan amounts over $417,000
• Up to 100% LTV with full entitlement for loan amounts up to $417,000
• 1-4 units eligible up to $417,000
• Cash out refinances allowed up to 100% LTV up to conforming loan limit maximums
• Fixed and adjustable interest rates
• Lender and property seller paid buydowns and interested party contributions permitted
• Manual underwriting available
  

The maximum loan to value, inclusive of the VA entitlement, is limited to 75% of the lesser of the sales price or appraised value. For loan amounts greater than the conforming limit, (currently $417,000), this requires the borrower to provide a down payment.

Example of the maximum LTV, loan amount and VA entitlement for jumbo VA loans:

Recent jumbo VA blog posts:

Jumbo VA Mortgage loans
November 11, 2009

With loan amounts up to $1.5 million and interest rates significantly below comparable jumbo products, there’s no better time to consider  jumbo VA loans! Eligible borrowers include active military, veterans, reservists, National Guard, and unmarried surviving spouses of eligible service members.

Jumbo VA mortgage loans are available to Wisconsin and Illinois veterans and are offered in major cities including VA loans in Chicago, Milwaukee and Madison. Purchase, refinance and cash out refinance VA loans available. No down payment (100% financing) required for loan amounts up to the conforming loan limits.

Jumbo VA Loan Key Features in Wisconsin and Illinois:

Benefits of a VA Mortgage

Read the rest of this entry »

Jumbo VA Mortgage loans
August 20th, 2009

Jumbo VA mortgage loans are available to Wisconsin and Illinois veterans and are offered in major cities including VA loans in Chicago, Milwaukee and Madison. Purchase, refinance and cash out refinance VA loans available. No down payment (100% financing) required for loan amounts up to the conforming loan limits.

Jumbo VA Loan Key Features in Illinois and Wisconsin:

Benefits of a VA Mortgage

Read the rest of this entry »