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Common Misconceptions
Only For The Wealthy –While jumbo loans are typically used to finance higher-priced properties, they are available to borrowers with a wide range of income levels.
More Difficult To Qualify For –Jumbo loans may have stricter underwriting requirements than conventional loans, but they are still accessible to many borrowers who have good credit and a solid financial profile.
High-Interest Rates –Jumbo loans often have competitive interest rates, and in some cases, they may even have lower rates than conventional loans.
Large Down Payment –While jumbo loans typically require a higher down payment than conventional loans, borrowers can still obtain financing with a down payment as low as 10%.
Primary Residences Only – Jumbo loans can be used to finance a variety of property types, including second homes and investment properties.
The Jumbo Loan Process
Here’s how our home loan process works:
Check Eligibility: Confirm eligibility based on U.S. military service..
Choose a Lender: Find a VA-approved lender in the U.S.
Get Pre-Approved: Submit financial details for pre-approval.
Find a Home: Look for a property that meets VA standards.
Submit Application: Complete the loan application with required documents.
Appraisal: Lender orders an appraisal to assess property value.
Loan Processing: The lender reviews and approves the loan.
3100 W Ray Road #d #201, Office #209, Chandler, AZ 85226
(786)-627-8800
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