Did you know that you can get a jumbo VA loan?

Currently, jumbo loans are any loan over $417,000 in size. If you have your full eligibility, $417,000 is not the largest VA loan you get. Your eligibility only limits you to the largest loan you can get with zero down.

To calculate the amount of down payment you need for a VA loan over the limit, subtract the limit from the full loan about and multiply by 25%.

For example, ($517,000 - $417,000) * 0.25 = $25,000.

Very nice when compared that to 10% downpayment of $51,700 for a conventional jumbo loan. Even if you don't roll the funding fee into the loan, getting a VA loan still means less out-of-pocket. Plus there is no mortgage insurance.