If you are buying a more expensive home, you will need to take out a larger mortgage. Mortgages above a certain dollar amount are considered jumbo mortgage loans. The dollar amount that dictates which loans are jumbo loans varies in different parts of the country.
A VA mortgage is backed by the U.S. Department of Veterans Affairs. These home loans have easier qualifying requirements for eligible military members and veterans. VA loan rates can change over time and your own situation can affect the rates you’re offered.