Profile picture for riggster

Can anyone refinance for a Jumbo VA loan that is over the county VA guarantee limit (I have equity)?

loan amount $647K
want to roll in my closing costs.
VA guaranty county loan limit is $593K
I have $50K in equity (recently appraised at $702K).
We have 800 credit scores and can provide full doc.
  • June 26 2009 - San Diego
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Answers (10)

Profile picture for riggster
I'm not currently in a VA...I'm in a conventional.  But I do not intend to take cash out.
  • June 30 2009
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Profile picture for Brian Brady
You can most certainly refinance VA to VA if you aren't taking cash-out, regardless of the 2009 loan limit.  I've refinanced two already in 2009 above the current county limit
  • June 30 2009
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Profile picture for Ken Kopper
2009 VA limits for CA

Unfortunately for you, the limit for SD is $593,750.00.
  • June 26 2009
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Profile picture for Ken Kopper
Riggster, you are correct in that VA will allow up to 100% on a refinance from non-VA to VA for both a rate and term and cash out transaction.
  • June 26 2009
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Profile picture for riggster
100% LTV

I'm finding that cap with most lenders, but don't understand why that is when the VA allows 100% LTV in refi's. 
  • June 26 2009
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You're going to be capped at 90% loan to value ($631,000) but is doable depending on your eligibility.



  • June 26 2009
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Profile picture for riggster
no, I'm in a 7yr ARM...can't do a streamlined.
  • June 26 2009
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And current loan is already a VA loan?

  • June 26 2009
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Profile picture for riggster
San Diego
  • June 26 2009
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What county are you in?



  • June 26 2009
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