What is a VA Jumbo Loan?

The VA jumbo loan is a loan that is for veterans that are looking to purchase over the conforming loan limit. The VA sets loan limits according to the county, for example in most counties of Oregon the loan limit is $424,100. When the veteran exceeds the county loan limit, he or she is required to apply for the VA jumbo loan, which requires a small down payment. The required down payment is typically much lower than conventional jumbo loans.

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