A VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses, provided they haven't remarried. The most attractive benefit of a VA loan is an option to finance 100% of the home purchase, however, most would be home buyers don't realize that you can purchase an upsale home with a very small down payment relative to jumbo mortgage requirements. VA has an unique way of calculating the down payment for a purchase price that exceeds the conventional lending limit of $424,000 (may be more in high value real estate markets). Jumbo mortgages typically require a (0 comments)