VA Jumbo Mortgage Loan in Albuquerque, NM
In a traditional Veteran’s Administration (VA) loan, you are able to borrow up to $417,000 for your home mortgage. With a VA jumbo loan, you are able to borrow over $1,000,000 to finance your home. The experienced loan officers at Infiniti Mortgage, LLC can determine if you qualify for a VA jumbo loan based on your whole financial picture as well as your military service.
VA Jumbo Loan Requirements
In order to qualify for a VA jumbo loan, you must be able to prove that you are an:
- Active member of the United States Military or other qualifying organization
- A veteran with an honorable discharge
- A family member of a veteran or someone on active duty
You are also required to have a solid credit score and be able to prove that you are financially able to repay the loan. If you think that you might qualify, schedule a meeting with a loan officer from Infiniti Mortgage, LLCtoday.
Determining Eligibility
Your loan officer can determine whether or not you meet the service and financial requirements for a VA jumbo mortgage loan during your initial face-to-face meeting. They will also give you information about the different terms and benefits offered by each lender.
Benefits of a VA Jumbo Loan
Even in difficult economic climates, a VA jumbo loan offers flexible terms and advantageous repayment options for the borrower. Other benefits include:
- Up to 90% refinance limit
- No prepayment penalties
- No down payment required
Your loan officer can demonstrate how a VA loan will affect your household finances. We will also help you understand the possible advantages and disadvantages of each program so you can make the best decision for your family. Contact Infiniti Mortgage, LLC to meet with a loan officer who can demonstrate the available options.