Jumbo Va Loan

The definition for Jumbo Va Loan:

A loan for an amount greater than the allowable100% financed amount. It is determined by subtracting the maximum allowable 100% financed amount from the purchase price and financing 75% of the difference. Example: maximum allowable VA Loan-$110,000. Sale price-$130.000. Difference $20,000: 75% of the difference is $15,000. Total jumbo loan-$110,000 plus $15.000 = $125,000. Required down payment-$5,000.

Click to compare definitions of Jumbo Va Loan
Click to view definitions beginning ju
  www.debt-glossary.co.uk is a finance, business, investment and stock market resource of common debt words. Stamp Duty Calculator - Income Tax Calculator