va mortgage: What is a VA Jumbo Loan?
- 07/28/17 12:07 PM
For many military veterans, homeownership can be an important part of putting down roots. Fortunately, the Veterans Administration (VA) home loan guaranty makes it easier for veterans to achieve their dreams of owning a home.
What is a VA Jumbo Loan? A VA Jumbo Loan is a loan that exceeds the Fannie Mae conforming loan limit set according to county. Some counties have loan limits of $424,100 while others have loan limits as high as $1,094,625. For example, the standard loan limit in Fayetteville and Charlotte, NC is $424,100. However, the standard loan limit in Camden, NC is $625,500. The complete loan limit … (0 comments)
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