Skip to content
Foreclosures

User Stats

3
Posts
0
Votes
Keith Garrison
  • Investor
  • Philadelphia, PA
0
Votes |
3
Posts

VA Jumbo Lenders in Pennsylvania?

Keith Garrison
  • Investor
  • Philadelphia, PA
Posted May 25 2016, 09:06

I've got a few buy & hold properties that are doing very well. I've got an unused VA entitlement that I saved for my personal home. Almost everything I like is over the $417K limit for VA loans.

I've read that VA Jumbo Loans exist that only require a downpayment of 25% for anything over $417K. So if I wanted a house for 517K, I would only need to put down $25K + Fees & Closing costs.

My regular banks and credit unions don't offer this type of loan and I'm trying to avoid the PMI for a standard Jumbo loan. Anybody have any information on who does?

Loading replies...