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Jumbo loans in Dallas, Texas

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Jumbo Home Loans

Jumbo home loans in Dallas, Texas

Jumbo loans are mortgages that are over the conforming industry standard or what is know as the conforming loan limit. Currently starting at $453,100 and may be higher in some geographical areas to $650,000 and for a Super Jumbo an amount over $650,000.

Jumbo VA Loans offer the best financing option for Jumbo loans if you qualify for a VA Home Loan.

These loans are bought and sold on a smaller scale. They often require a larger down payment percentage and carry a larger credit risk for the lender so the interest rate is typically higher than a conforming loan that is under the conforming loan limit.

These special loan programs have a number of different terms available for them. Including 15 year, 20 year and 30 year terms. Jumbo loans and Super jumbo loans can be fixed rate mortgages or adjustable rate mortgages and have a range of terms to accommodate short and long range financial plans.

We offer great low rates on Jumbo Loans for Texas home buyers in the Dallas area.

Jumbo VA Home Loans

Jumbo VA Loans also know as High Balance VA Loan, and are for Texas Veterans who are wanting to use their VA benefit purchase a primary residence that exceeds the $453,100 conforming loan limit.

We offer excellent interest rates on VA Jumbo Loans in Dallas, Texas.

Down payment requirements of a Texas Jumbo VA Loan.

The differences with a regular VA Loan and the VA Jumbo loan would be the amount of down payment required. The VA has $0 down up to $453,100 and for any amount over the $453,100 up to the loan amount, the Veteran would be required to put 25% of that amount down at closing.

For example- Purchasing a $500,000 home:

No money down on the first $453,100, and only 25% of the difference between $453,100 and the $500,000 (which is $46,900). So take 25% of the $46,900, which is $11,725.

In this example, Dallas, Texas Veterans would have to only put a down $11,725 which is only 2.345% at closing, which is much less than regular Conventional Jumbo Loans.

Jumbo Loan Refinance

Jumbo VA Loans also know as High Balance VA Loan, and are for Texas Veterans who are wanting to use their VA benefit purchase a primary residence that exceeds the $453,100 conforming loan limit.

Refinancing your current Jumbo loan allows you to take advantage of lower mortgage rates or to shorten or lentghten the term of the loan.

Cash Out Jumbo Mortgages

Refinancing your current loan can allow you to remove cash from your home to be used for other things.

We offer both fixed and adjustable loan options.

There are may options avaliable, please call us and we can go through them with you.

We offer excellent interest rates on VA Jumbo Loans in Dallas, Texas.

Why choose Grove Mortgage for your Jumbo Home loan?

We are an Independent Mortgage Broker and have many lenders that we can shop for the best jumbo rates for you.

For Jumbo Loan Rates please contact us a call at 210-656-1134 so we can give you a personalized home loan quote!

Documents needed for a Jumbo Loan

  • Most recent 30 days’ pay stubs (if W-2 income)
  • Last 3 months’ bank statements (all accounts, all pages)
  • Savings/Mutual fund statements (3 months)
  • If Self-Employed will need Three years Tax Returns and YTD Profit & Loss Statement, signed & dated
  • Previous two years' Tax Returns
  • Previous two years’ W-2 Forms (if W-2 income)
  • Divorce Decree (if applicable)
  • Bankruptcy discharge documents (if applicable)
  • Should you have no credit. Copies or your most recent utility bills will be needed (if applicable)
  • If you co-signed for a mortgage, car, credit card, etc, need 12 months cancelled checks. front and rear, indicating you are not making payments (if applicable)
  • Copy of Driver’s License
  • Copy of Social Security Card
  • Sales Contract

Documents needed for a Jumbo Refinance

  • Most recent 30 days’ pay stubs (if W-2 income)
  • Last 3 months’ bank statements (all accounts, all pages)
  • Savings/Mutual fund statements (3 months)
  • Previous two years’ Tax Returns, signed & dated (if self-employed)
  • Previous two years' Tax Returns
  • Previous two years’ W-2 Forms (if W-2 income)
  • Homeowners’ Insurance Policy Declarations Page
  • Current Mortgage Statement
  • Note
  • Deed of Trust
  • Survey and Settlement Statement (HUD-1) or CD (Closing Disclosure)
  • Divorce Decree (if applicable)
  • Bankruptcy discharge documents (if applicable)

The Note, Deed of Trust, Survey and Settlement Statement (HUD-1) should be in the package of documents provided to you by the title company when you closed your current loan.

Getting approved for a mortgage is simple


Every client's situation is different and handled with a unique, personalized approach. As a Mortgage Broker serving Dallas, Texas we focus on getting the right loan at the right rate for our client and it allows us to secure often hard-to-find financing.

Contact your Dallas, Texas area Jumbo home loan specialist at 210-656-1134.

Grove Mortgage Home Loans of Dallas