With all the problems associated with Jumbo loans today, it may be wise to look at the VA for help. Remember that the VA has a new limit of $650,000. with only 25% down over the $417,000. loan limit. That means that if a Vet were to purchase a home for $650,000. they would only need $58,250. down or approx. 10%. Remember there is no monthly PMI on VA loans. So the next time you take a buyer out or do a mortgage application remember to ask "Are you a Vet." It may pay you to do so. Attn: Realtors, don't forget to check out my free marketing program by Hobbs/Herder R E C A M P.
Yeah, that's me in 1968.