Northwest Realty Source

Troy D Doty P.C. Principal Broker

Licensed in Oregon and Wasington
0224 SW Hamilton Street Ste 202
Portland, OR 97239
Phone: 503-719-4336
Email: troy@nwrealtysource.com

Troy D Doty PC

Marine Corps SGT Fox 2/4

 

VA Jumbo Loan for Portland Veterans

Contact us today to be connected to one of our top local VA Loan Partners

Calulating your loan limit for Multnomah County as set by the VA:

 

1. Veterans are not required to put any money down on the first $453,100 in Portland OR.

2. Veterans will pay a 25% down payment on the difference of a VA loan greater than $453,100.

Example: Sale price $1,000,000.00 minus guaranty of $453,100 = $546,900 x 25% = $136,725.00 down payment.

3. Veterans buyers may pay the VA Funding fee at the time of closing or finance into the loan for VA Jumbo Loans of $453,101 to $1,000,000

4. Portland Veterans will still receive all the benefits of the VA loan on amounts greater than $453,100.

Here is some additional information for Veterans obtaining a VA Jumbo Loan:

1. Veterans will need a minimum credit score of 580 and lenders may have additional requirements.

2. Manufactured homes are not eligible for the VA Jumbo program in Portland.

3. VA Loan Funding fees can financed for loans greater than $453,100. They may also be paid in cash by the Veteran or by the Seller at closing.

4. Multi-Family 2 to 4 unit purchase transactions will also work with a VA Jumbo Loan on owner occupied purchases.

5. The VA Jumbo Loan Program is best with a fixed rate loan.

6. VA Funding Fee may be waived with 10% or greater service disability

7. Other terms and conditions may apply, contact your local VA Lender for details

 

Updated 2017 VA Loan Limits: Multnomah, Washington, Clackamas and Clark Counites: VA Loan Maximum Guaranty Amount for Portland OR $453,100

 

Oregon

Multnomah County Limit VA Guaranty ($0 down and up to)$453,100.00

Washington County Limit VA Guaranty ($0 down and up to)$453,100.00

Clackamas County Limit VA Guaranty ($0 down and up to) $453,100.00

Washington

Clark County Limit VA Guaranty ($0 down and up to)$453,100.00