{"id":914,"date":"2015-06-20T14:55:17","date_gmt":"2015-06-20T14:55:17","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=914"},"modified":"2020-07-13T22:34:35","modified_gmt":"2020-07-13T22:34:35","slug":"va-jumbo-loans-nc-sc","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/va-jumbo-loans-nc-sc\/","title":{"rendered":"VA Jumbo Loans &#8211; Yes VA Offers Great Loans for Luxury Homes!"},"content":{"rendered":"<figure id=\"attachment_1415\" aria-describedby=\"caption-attachment-1415\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1415 size-medium\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2015\/06\/luxury-house-300x151.jpg\" alt=\"VA jumbo loans for luxury home purchase or refinance with no monthly PMI\" width=\"300\" height=\"151\" \/><figcaption id=\"caption-attachment-1415\" class=\"wp-caption-text\">VA jumbo loans for luxury home purchase or refinance with no monthly PMI<\/figcaption><\/figure>\n<h2>VA Jumbo Loans by Your Local VA Lender<\/h2>\n<p>Most counties throughout North Carolina, South Carolina, and Virginia, service members and veterans can purchase a primary residence with 100% financing through VA for purchases up to $424,100 ($625,000 in VA&#8217;s &#8220;high cost areas&#8221;).\u00a0 <a href=\"http:\/\/teammovemortgage.com\/blog\/2015\/06\/12\/2015-va-loan-limits-for-north-carolina-and-virginia-high-cost-counties\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">See VA high cost counties in Virginia &amp; North Carolina here which allow higher loan amounts without being jumbo<\/span><\/a>.\u00a0\u00a0But a\u00a0little known, wonderful option\u00a0is VA\u00a0jumbo loans.\u00a0 These offer a low down payment for the purchase of a\u00a0luxury home.<\/p>\n<h2>VA Jumbo Loans Benefits:<\/h2>\n<ul>\n<li>Low down payments for purchase price over $424,100<\/li>\n<li>No monthly PMI<\/li>\n<li>Great rates<\/li>\n<li>Seller can pay all closing costs for the Veteran<\/li>\n<li>Additionally if the veteran is considered 10% or more disabled by VA is even exempt from the funding fee!\u00a0 This can save up to 3.3% of the loan amount!<\/li>\n<\/ul>\n<h2>Success Story for VA Jumbo Loans:<\/h2>\n<p><strong>VA Jumbo with Veteran working 3 hours away from the home<\/strong>:\u00a0\u00a0We recently closed a VA purchase on a home priced at $515,000 where the Veteran only had to bring a 6.5% down payment to closing.\u00a0\u00a0Furthermore, the Veteran lives 3 hours away from the home.\u00a0 We were able to prove that the family would occupy the home and the Veteran would come home on the weekends.<\/p>\n<h2>Can I get a VA Jumbo Loan at the Beach?<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-4103\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2015\/06\/feet-in-the-ocean-300x226.jpg\" alt=\"va jumbo loans to buy a beach house\" width=\"300\" height=\"226\" \/><\/h2>\n<p>Yes, a Veteran may obtain a VA jumbo loan at the beach as long as it is going to be\u00a0claimed as the principal\u00a0residence.\u00a0 Often in areas near Camp Lejeune, there are officers\u00a0looking to live at the beach, but stay close to the base.\u00a0 So with a VA jumbo loan, a buyer could purchase a beach home in <strong>Topsail Beach, Surf City, Wrightsville Beach, Emerald Isle<\/strong>, or a number of other local beaches.\u00a0 In addition, retirees looking to purchase a home in <strong>Myrtle Beach, Oak Island, Holden Beach, Sunset Beach, <\/strong>or<strong> Ocean Isle Beach<\/strong> could buy a dream beach home with a small percentage down!<\/p>\n<h2>How to Calculate\u00a0a VA jumbo Loan Amount:<\/h2>\n<p>First of all, if you are considering buying a home that is over $424,100, contact our VA experts.\u00a0 We\u00a0will figure your down payment.\u00a0 But for those that like to know how the numbers work, here are the basics.<\/p>\n<p><strong>Example:<\/strong>\u00a0 $500,000 purchase price:\u00a0 $500,000 &#8211; $424,100 = $75,900; $75,900 x 25% = $18,975; loan amount would be approximately $481,025<\/p>\n<p>The $18,975 down payment is only 3.8% of the purchase price and this VA loan would have no monthly PMI!<\/p>\n<p>Keep in mind that\u00a0a borrower would be required to bring 25% of the difference between the\u00a0price and $424,100.\u00a0 Keep in mind, this is not a 25% down payment, but just 25% of the difference!\u00a0 This calculation assumes that the borrower has full VA entitlement available.\u00a0 We will figure this for you though!\u00a0 Call us<\/p>\n<h2>Tips for VA Purchases<\/h2>\n<p>[av_button label=&#8217;Maximum seller paid costs for the buyer\/Veteran&#8217; link=&#8217;manually,http:\/\/teammovemortgage.com\/blog\/2015\/05\/23\/limits-on-seller-paid-closing-costs-for-buyers-using-va-fha-usda-fannie-mae-freddie-mac-loans\/&#8217; link_target=&#8217;_blank&#8217; size=&#8217;large&#8217; position=&#8217;center&#8217; icon_select=&#8217;no&#8217; icon=&#8217;ue800&#8242; font=&#8217;entypo-fontello&#8217; color=&#8217;theme-color&#8217; custom_bg=&#8217;#444444&#8242; custom_font=&#8217;#ffffff&#8217;]<\/p>\n<p>[av_button label=&#8217;Search for VA Approved Condos&#8217; link=&#8217;manually,http:\/\/teammovemortgage.com\/blog\/2015\/05\/23\/searching-for-va-approved-condos\/&#8217; link_target=&#8217;_blank&#8217; size=&#8217;large&#8217; position=&#8217;center&#8217; icon_select=&#8217;yes&#8217; icon=&#8217;ue812&#8242; font=&#8217;entypo-fontello&#8217; color=&#8217;theme-color&#8217; custom_bg=&#8217;#444444&#8242; custom_font=&#8217;#ffffff&#8217;]<\/p>\n<p><span style=\"text-decoration: underline;\">[av_button label=&#8217;Access your 2nd tier\/bonus entitlement to get a 2nd VA loan&#8217; link=&#8217;manually,http:\/\/teammovemortgage.com\/blog\/2015\/05\/23\/you-can-get-a-2nd-va-mortgage-loan-while-you-have-another-va-mortgage-loan-with-bonus-or-2nd-tier-entitlement\/&#8217; link_target=&#8217;_blank&#8217; size=&#8217;large&#8217; position=&#8217;center&#8217; icon_select=&#8217;no&#8217; icon=&#8217;ue800&#8242; font=&#8217;entypo-fontello&#8217; color=&#8217;theme-color&#8217; custom_bg=&#8217;#444444&#8242; custom_font=&#8217;#ffffff&#8217;]<\/span><\/p>\n<p><span style=\"text-decoration: underline;\">[av_button label=&#8217;Read Popular VA Blogs here&#8217; link=&#8217;manually,http:\/\/teammovemortgage.com\/category\/va-loans\/&#8217; link_target=&#8217;_blank&#8217; size=&#8217;large&#8217; position=&#8217;center&#8217; icon_select=&#8217;no&#8217; icon=&#8217;ue800&#8242; font=&#8217;entypo-fontello&#8217; color=&#8217;theme-color&#8217; custom_bg=&#8217;#444444&#8242; custom_font=&#8217;#ffffff&#8217;]<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VA Jumbo Loans by Your Local VA Lender Most counties throughout North Carolina, South Carolina, and Virginia, service members and veterans can purchase a primary residence with 100% financing through VA for purchases up to $424,100 ($625,000 in VA&#8217;s &#8220;high cost areas&#8221;).\u00a0 See VA high cost counties in Virginia &amp; North Carolina here which allow [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,17,40,48],"tags":[10,184,185,11,12,13,16,18,102,20,47,394,103,49,398,21,139],"class_list":["post-914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jumbo","category-products","category-tips","category-va-loans","tag-homebuyers","tag-jumbo-loans","tag-jumbo-mortgage-rates","tag-low-down-payment","tag-lumberton-board-of-realtors","tag-mortgage-faqs","tag-north-carolina","tag-realtors","tag-south-carolina","tag-team-move","tag-va-home-loans","tag-va-jumbo-loans","tag-va-refinance","tag-va-requirements","tag-virginia","tag-wrar","tag-wrightsville-beach-nc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VA Jumbo Loans for Veterans and Military Buying over $417,000<\/title>\n<meta name=\"description\" content=\"VA Jumbo Loans offer unbeatable benefits of buying a principal residence over $417,000 with very little down payment required.\u00a0 This beats conventional jumbo\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/va-jumbo-loans-nc-sc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VA Jumbo Loans for Veterans and Military Buying over $417,000\" \/>\n<meta property=\"og:description\" content=\"VA Jumbo Loans offer unbeatable benefits of buying a principal residence over $417,000 with very little down payment required.\u00a0 This beats conventional jumbo\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/va-jumbo-loans-nc-sc\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-20T14:55:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T22:34:35+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-jumbo-loans-nc-sc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-jumbo-loans-nc-sc\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"VA Jumbo Loans &#8211; 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