Has anyone dealt with a VA Loan over $2m? Talked to a lender today and she wasn’t sure if I could go above $2m. And was also talking about having reserve requirements (40 months of payments across all savings accounts). Looking for any info or things to consider as the loan amount gets pretty high. Thanks!

likehelpful
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Yo if I can get a loan for 2m, nice. This comment is of zero value but let us know how it works for you.

funny

Ya, a simple google search would have told you there is no loan limit. Live and learn I guess

I found it ended up being better to just go jumbo when I looked… but ymmv

I think he’s referring to conventional jumbo

Yes, I have one. The other responses to your comment are nonsense. I had to shop around for mortgage brokers. The first one I spoke to said I could not go above $2m but this was based on his lender’s policies. I found another broker who had a lender who could go above $2m.

Haven’t looked too hard yet but how did you find your mortgage broker?

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