97% Conforming Loans for California - 3% down payment Conforming Loans– 97% conventional financing option

California Conforming Loans with 3% down payment – 97% conventional financing option

VanDyk Mortgage offers Conforming Conventional Purchase and Refinance loans up to $417,000 with just a 3% down payment / equity.    Here are some basic details of the 97% conforming loan for California Homebuyers:

California and Washington state are now eligible for our Conventional Conforming Fannie Mae Loans up to 97% Loan to Value – Only 3% down payment is required up to the conforming loan limit - $417K.   We no longer consider CA or WA declining markets, so we are able to offer these enhanced financing options for Conventional loans.

Minimum credit score = 720

Maximum Debt Ratio = 41%

Condo’s OK to 95%!  Info on our 95% conventional loan. The 5% down option allows for lower fico score (to 660) and higher Debt Ratios.

Loan amounts up to $417,000 (that would be a purchase price up to $429,900 with 3% down).

If you don’t have a 720 middle score, or have a slightly higher debt ratio, we can alao help with our FHA Loans. If your purchase price is higher than $429K, FHA Jumbo may be able to help as well.

Give us a call to get started – 760-752-4480. Ask for Brian Skaar.

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