Buying a home over $5,000,000.00 with VA financing at 100% is now possible for eligible veterans and service members who have full VA loan entitlement! In fact, the team at FDM just closed a 100% financing VA loan used to purchase a $5,500,000.00 new home! Thanks to changes in VA loan rules, there is no longer a cap on loan amounts, meaning qualified buyers can finance the entire purchase price—even for multi-million-dollar properties—without a down payment. This benefit makes luxury homeownership more accessible, especially in high-cost areas, and can result in significant savings compared to conventional jumbo loans, which often require large down payments and private mortgage insurance. As long as the borrower has sufficient income, credit, and entitlement, VA loans can be used to purchase homes well above traditional lending limits. If you are a Veteran and are looking in the luxury home market, please contact your FDM Mortgage VA Loan Expert today to see how your Veteran’s Benefits can help you find that special home. You served to protect us. Let us serve you!
