Jumbo Loans

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VA jumbo loan rates

5.875% Interest rate^{See note3}
6.207% Annual Percentage Rate^{See note4}

Jumbo loans are for those looking to finance more than $766,550 and up to $3 million. You may have the option for no down payment on a home purchase up to $1.5 million^{See note2} including the VA funding fee.

VA jumbo loan benefits

$0 Down Payment Option

For purchases up to $1.5 million^{See note2}, a down payment may not be required.
No Private Mortgage Insurance

VA loans don't require private mortgage insurance, or P M I.
Safe and Secure

Have peace of mind with our secure online application process.

Who can get a VA home loan?

These are the VA requirements:

Served at least 181 days straight during peacetime
Served at least 90 days straight during wartime
Served as a Reservist or in the National Guard for at least six years
The spouse of a service member who died in action or from a service-related disability

There may be other situations that could make you eligible for a VA loan. To speak to a loan officer, call 800-531-0341.

How to get a VA jumbo loan

Step 1: Get preapproved.^{See note5}

Start online or call a loan officer at 800-531-0341. If you're preapproved, we'll give you a letter so you can shop for a home with confidence.
Step 2: Confirm VA loan eligibility.

Get a certificate of eligibility, or C O E, from the U.S. Department of Veterans Affairs (Opens in New Window).
Step 3: Apply for the loan.

Once you've found a home, finish your application online or call a loan officer. This is a good time to start gathering income information like paystubs and bank statements.

Get started applying for a VA jumbo loan

Mortgage payment calculator

The monthly payment amount shown is based on information you provided and is only an estimate.^{See note6}

Home price

Interest rate in percent

Down payment in dollars This is 0% of the home price

Loan term in years Fixed rate

30-year fixed

Taxes, insurance, H O A For a more accurate payment estimate, consider adding some of these options.

Why USAA Bank for a VA jumbo loan

Top VA Home Loan Lender^{See note7}

USAA Bank is ranked one of the top VA mortgage lenders.
20+ Years

USAA Bank has more than 20 years of experience with VA home loans.
Over a Century of Service

USAA has served the military since its founding in 1922.

VA jumbo loans for refinancing your home

You have two options when it comes to jumbo refinance loans. For rate information about either of these loans, call 800-531-0341.

VA Jumbo Interest Rate Reduction Refinance Loan, or IRRRL

Refinance your current VA loan up to 100% of the value of your home for a lower interest rate and a lower payment. There's no appraisal, funding, origination or title fees.^{See note8}

VA Jumbo Cash-Out Refinance Loan

Refinance your VA jumbo loan up to 90% of the value of your home. Tap into your home's equity up to a cash-out limit of $500,000.^{See note9} Use the cash how you like.

VA jumbo loans Frequently Asked Questions

Expand All Jumbo loans Frequently Asked Questions

How is the mortgage process different with VA jumbo loans?

What's a VA funding fee?

It's a one-time, nonrefundable fee the VA charges to guarantee your VA-backed mortgage. In most cases, the VA funding fee can be rolled into the loan. But keep in mind, it'll add to your overall loan balance. The fee typically ranges from 1.25% to 3.3% of the loan amount. The exact fee amount is based on the loan purpose, your down payment, your service history and if you've used your VA loan eligibility before.

Some of exempt from the fee, including:

Those who get VA compensation for a service-connected disability.
The surviving spouse of a veteran who died in service or from a service-connected disability.
Active-duty Purple Heart recipients.

How do I get a VA loan Certificate of Eligibility, or C O E?

How does my VA entitlement help with the down payment?

Learn more about buying a home.

VA-backed loan information

Read article : VA-backed loan information
Considering a VA loan? Ask these 5 questions first

Read article : Considering a VA loan? Ask these 5 questions first
How to get a mortgage preapproval

Read article : How to get a mortgage preapproval

Note 1 VA loans may include a funding fee, which may be financed up to the maximum allowed loan amount.

Note 2 A down payment will be required if the purchase price exceeds $1.5 million. If previous entitlement was used, a down payment may be required.

Note 3 The advertised rates and points are subject to change without notice at any time and are not available to every borrower. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and our internal credit criteria. The advertised rates are based on a fixed rate mortgage loan and rates will vary based on the term of the mortgage loan and property location. Other rates, points, and terms may be available. All loans are subject to credit and property approval. Property insurance is, and flood insurance may be, required.

Note 4 APR (Annual Percentage Rate) is a rate used to calculate your cost of borrowing in a year. Unlike interest rates, APR factors in the amount borrowed, the interest rate, points, one-time fees, and discounts to determine a more accurate yearly cost. The standardized APR formula is used to make it easier for consumers to compare rates at different businesses.

Note 5 Our preapproval is not a commitment to lend. Information used to issue the preapproval will require verification during the application process.

Note 6 This mortgage calculator is intended to assist you with estimating monthly mortgage payments. This amount does not include VA funding fee, private mortgage insurance, and other costs associated with owning a home. All examples are based on the information entered and are for illustrative purposes only. This is not an offer to lend.

Note 7 In 2023, USAA Bank originated the 5th highest total of VA purchase home loans and ranked in the top 10 lenders for the highest amount of VA loan volume among more than 1,300 lenders. Source: Department of Veterans Affairs Lender Statistics.

Note 8 USAA Bank covers the title and VA funding fee on a VA IRRRL. Payment of discount points, taxes and insurance and HOA fees are the responsibility of the borrower.

Note 9 USAA Bank does not offer a cash out refinance product in the state of Texas.

VA IRRRL: All VA rules, guidelines and additional program requirements will apply. Except as provided by applicable VA guidelines, the same parties obligated on the original loan must be the parties on the title and obligated on the new loan. Proceeds from the new loan will only be used toward payment of the original loan amount. No cash back can be received from the new loan. Payment of discount points, taxes, insurance and HOA fees are the responsibility of the borrower. Other exclusions apply. Refinancing either to lower the monthly payment or change from a variable-rate to a fixed-rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.

A home loan refinance may be useful for many customers who want to lower their monthly debt payments. However, a refinance is secured by your home, has closing costs and may ultimately require paying more in interest over time.

USAA Bank Mortgage offers mortgage products to members where the property is located within the Continental United States, Alaska, Hawaii, and the District of Columbia. Excludes properties within U.S. Territories. In certain states, product restrictions may apply.

Membership eligibility and product restrictions apply and are subject to change.

Bank products offered by USAA Federal Savings Bank.

USAA FSB NMLS 401058

6407852

VA JUMBO LOAN

$0 down

VA jumbo loan rates

VA jumbo loan benefits

$0 Down Payment Option

No Private Mortgage Insurance

Safe and Secure

Who can get a VA home loan?

How to get a VA jumbo loan

Step 1: Get preapproved.^{See note5}

Step 2: Confirm VA loan eligibility.

Step 3: Apply for the loan.

Mortgage payment calculator

Estimated monthly payment

Why USAA Bank for a VA jumbo loan

Top VA Home Loan Lender^{See note7}

20+ Years

Over a Century of Service

VA jumbo loans for refinancing your home

VA Jumbo Interest Rate Reduction Refinance Loan, or IRRRL

VA Jumbo Cash-Out Refinance Loan

VA jumbo loans Frequently Asked Questions

Learn more about buying a home.

VA-backed loan information

Considering a VA loan? Ask these 5 questions first

How to get a mortgage preapproval

VA jumbo loans to fit your needs

VA JUMBO LOAN

$0 down

VA jumbo loan rates

VA jumbo loan benefits

$0 Down Payment Option

No Private Mortgage Insurance

Safe and Secure

Who can get a VA home loan?

How to get a VA jumbo loan

Step 1: Get preapproved.See note5

Step 2: Confirm VA loan eligibility.

Step 3: Apply for the loan.

Mortgage payment calculator

Estimated monthly payment

Why USAA Bank for a VA jumbo loan

Top VA Home Loan LenderSee note7

20+ Years

Over a Century of Service

VA jumbo loans for refinancing your home

VA Jumbo Interest Rate Reduction Refinance Loan, or IRRRL

VA Jumbo Cash-Out Refinance Loan

VA jumbo loans FAQ Frequently Asked Questions

Learn more about buying a home.

VA-backed loan information

Considering a VA loan? Ask these 5 questions first

How to get a mortgage preapproval

VA jumbo loans to fit your needs

Step 1: Get preapproved.^{See note5}

Top VA Home Loan Lender^{See note7}

VA jumbo loans Frequently Asked Questions