Profile picture for Kevin Luby

Kevin Luby's Advice

Contributions are sorted newest to oldest.

  • 1 Contributions
  • 0 Best Answers
  • 0 Helpful

Kevin Luby wrote:

what is the max Va loan amount in odessa tx

Answer
Like Daniel is saying, 417K is the most you can buy with no money down. A VA Jumbo loan can be to any price, you just have to make up the difference to meet the 25% guarantee. For instance...House is 617K....617K - 417K (guarantee limit) = 200K200K x's 25% = 50K (Down payment required for a 617K VA loan.A conventional at 5% down would be $30,850 down, but you would have the PMI to contend with.
April 05 2013
(0)