I’ve heard so much chatter lately regarding FHA 203k renovation loans that I thought it was time I dispelled some of those rumors floating around. Especially those pertaining to whether or not these loans actually do close!
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The VA Jumbo loan is often a better option than Conventional Jumbo for verteran borrowers in Texas. Why you ask? First of all just to be clear a Jumbo loan in Texas is a loan amount over $417,000. Under Conventional financing moving into Jumbo loan sizes means your interest rate is moving up to. That is not the the case with VA Jumbo loans! The interest rate is about the same as the conforming VA interest rate.
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