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VA Jumbo Loans in Texas

 

The Veterans Administration Loan Program enables veterans and active duty personnel to purchase or refinance VA Jumbo loans in Texas. Jumbo Loan size limits are over the conforming loan limit of $453,100. VA borrowers who would like to purchase thru VA Jumbo loans in Texas may be able to do so for up to $2,000,000 @ 100% financing available only up to the VA county loan limit. However, a 25% down payment is required on the difference from the purchase price to the VA loan limit for your county. For example, if the purchase price is $650,000 in a county where the maximum limit is $453,100 the minimum required down payment would be $49,225 as calculated below:

Purchase Price - $650,000 minus county limit $453,100 = $196,900
25% of $196,900 = $49,225, or just 7.57% of the purchase price

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Refinancing existing VA Jumbo loans in Texas into a fixed-rate loan, a lower interest rate or shorter loan term without taking additional equity out of the property is also possible thru the VA Interest Rate Reduction Refinance Loan (IRRRL).

Non-veterans are not eligible borrowers for VA Jumbo loans in Texas except as the spouse of an eligible veteran.

Grab the Opportunity to Use VA benefits to get VA Jumbo loans in Texas.

Whether you are considering purchasing or refinancing an existing VA Jumbo Loan, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online and we will contact you right away to review best options for you regarding VA Jumbo loan terms.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.


Customers Reviews:

  • Rebecca Rose • November 04, 2015

    If you want a hard working loan officer Joan Gallardo is the one. Joan worked on our loan day and night plus he was always available whenever we had questions. I learned a lot from him about residential loans in the process. Thanks Joan!

  • Jillian Daniell • November 05, 2015

    Thank you for all your hard work. I really appreciate it! Keep up the great work!

  • Ronald Zulueta • January 03, 2020

    My first home...they are very helpful and kept in contact with me with any situation that can disrupt the loan. Fully knowledgeable with VA home loan.

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