VanDyk Mortgage

VA Loan Limits for California for 2012 in effect now

2012-01-27T15:08:00.001-08:00

VA Loan Limits for California for 2012 in effect now

The VA has authorized the 2012 VA Loan Limits that are effective Jan 1, 2012 and last until Dec 31, 2012. The VA Loan Limits in 2012 are capped at $625,500 due to changes in the formula the Veterans Administration is required to use.

Loan Limits in California counties such as Alameda, Contra Costa, Marin, San Benito, San Francisco, San mateo, and Santa Clara are now at $625,500. Los Angeles and Orange Counties are now at $621,000. Santa Barnara county is at $598,000, and San Diego has a $477,000 VA Loan limit for 2012.

Several Washington State counties allow higher VA Loan limits for 2012 including King, Pierce and Snohomish counties at $458,850 and San Juan county at $432,400.

Please see the entire list of CA and WA VA Loan Limits below, any counties not listed have a $417K VA Loan Limit for 2012.

VA Loans are available for higher loan amounts than the County VA Loan Limit. The County VA Loan Limit is the full amount for 100% VA Financing. We allow you to exceed the county limits as long as there is sufficient equity or down payment to reach the VA Guarantee requirements. More info on Exceeding the VA Loan Limit can be found here.

STATE

COUNTY

2012 VA LIMIT

CA	ALAMEDA	$625,500
CA	CONTRA COSTA	$625,500
CA	LOS ANGELES	$625,500
CA	MARIN	$625,500
CA	NAPA	$460,000
CA	ORANGE	$625,500
CA	SAN BENITO	$625,500
CA	SAN DIEGO	$477,000
CA	SAN FRANCISCO	$625,500
CA	SAN LUIS OBISPO	$457,700
CA	SAN MATEO	$625,500
CA	SANTA BARBARA	$598,000
CA	SANTA CLARA	$625,500
CA	SANTA CRUZ	$610,650
CA	SONOMA	$419,750
CA	VENTURA	$518,650

Please contact the VA Loan Pro's at VanDyk Mortgage today for help with your next VA Loan - Purchase, Refinance, or VA Streamline. We are proud to help our Veterans.

866-900-2342 Toll Free or visit us online at www.westcoastvaloans.com

97% conventional loans for Corona and Riverside County, CA

2011-05-30T17:44:00.000-07:00

97% conventional loans for Corona and Riverside County, CA

Corona CA Conventional Loans with 3% down payment - Yes, 3 percent down - 97% conventional financing options for Corona and Riverside County Home Buyers

VanDyk Mortgage offers Conventional Purchase and Refinance loans up to $417,000 with just a 3% down payment for Corona and Riverside County Homes. Here are some basic details:

Corona and Riverside County Cities are now eligible for our Conventional Loans up to 97% Loan to Value - Only 3% down payment is required. We do not consider Corona or Riverside County a declining market, so we are able to offer these enhanced 97%/ 3% down 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 (up to 45%).
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.

We offer both Monthly Mortgage Insurance and One Time Mortgage Insurance (call us for the comparison - you will be surprised at the numbers)

In addition to Corona, we also service the following cities in Riverside: Banning, Beaumont, Blythe,Calimesa, Canyon Lake, Cathedral City, Coachella, Desert Hot Springs, Hemet, Indian Wells, Indio, Lake Elsinore, La Quinta, Menifee, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Wildomar. We also service all unincorporated areas in the county as well.

FHA Loans for Duplex, Triplex, and Fourplex properties

2011-05-30T15:54:00.000-07:00

We offer FHA Loans for Duplex, Triplex, and Fourplex properties for Purchase and Refinance. FHA Loans on 2 unit, 3 unit, or 4 unit properties

We offer FHA Loans to finance the purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex) as well as refinance your current loan into an FHA or Streamline Refinance your existing FHA Loan. This can be a great investment strategy, as you can live in one of the units and rent out the other(s). This awesome opportunity only requires the standard 3.5% FHA Downpayment and that you live in and occupy one of the units to qualify for FHA Financing.

You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify. This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the FHA Appraisal. Our FHA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes. For 3-4 unit properties, the rents cannot be counted towards income to qualify - IE, the buyer must qualify for the entire payment without consideration of rental income.

Call us if you are interested in purchasing a multi unit property, and we can help you with the numbers. You might be surprised what you would qualify for! 866-900-2342 toll free direct.

We do suggest that you utilize a good Realtor when searching for a multi-unit property, as they can help with the property search, cash flow projections, and FHA property eligibility.

You can utilize an FHA Loan to make your next home a true investment. Here are the Multi Unit FHA Loan Limits for high cost California Counties including Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, and Ventura:

High Cost California County FHA Loan limits for 2 units: $934,200
High Cost California County FHA Loan Limits for 3 units: $1,129,250
High Cost California Countys FHA Loan Limits for 4 units: $1,403,400

Many other California counties are eligible for higher FHA loan amounts for FHA 2, 3 or 4 plex purchase and refinance.

Here is a complete list of California Counties and their FHA Loan Limits for Multi Units

Call the FHA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online at VanDykFunding.com

2-unit, 3-unit, 4 unit, duplex, triplex, fourplex, twoplex, threeplex, quadplex, FHA, FHA Lender, FHA Jumbo, Direct Lender

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

2011-05-30T15:45:00.000-07:00

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.

CA, Direct Lender, Conventional, Conforming, 97, 3 percent, 97 percent, low down

Renton WA - VA Loans and FHA Home Mortgage Loan info - Washington VA Lender & FHA Lender

2010-09-11T10:02:00.000-07:00

Renton WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Renton. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Renton Homebuyers and King County Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Renton FHA Loans are available up to $567,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Renton is $567,500. Renton FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Renton VA Loans are available up to $481,250 with zero down payment required. The Renton VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the King County Loan limit of $481,250 for VA Loans in Renton. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Renton Conforming Loans are available up to $567,500. The Renton Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Renton Home Loan information

FHA Home loans in Renton, Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Renton FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Renton home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Renton, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Renton VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Renton VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for Renton condos are available up to $481,250 with zero down

Conforming Home Loans in Renton, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Renton Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar direct at 866-900-2342 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, VA, VA Jumbo, Conforming & Jumbo Loans. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

We service the entire state of Washington, including Spokane, Spokane Valley, Mead, Newport, Liberty Lake, Newman Lake, Airway Heights, Deerpark, Seattle, Tacoma, Everett, Puyallup, Kent, Auburn, Bellevue, Federal Way, Kirkland, Redmond, Woodinville, Snohomish, Marysville, Lake Stevens, Mukilteo, Lynnwood, Montlake Terrace, Edmonds, Des Moines, Renton, Issaquah, North Bend, Monroe, Olympia, Lacey, Bremerton, Tumwater, Port Orchard, and Vancouver. In addition to Washington State, we service the entire state of California, including Redding, Sacramento, Bakersfield, Stockton, Oakland, San Francisco, Fremont, Clovis, Sunnyvale, Patterson, Modesto, Salinas, Palmdale, Lancaster, Los Angeles, Ventura, Santa Monica, San Bernardino, Riverside, Corona, Santa Ana, Orange, Irvine, Anaheim, Huntington Beach, Long Beach, Brea, Ventura, Santa Barbara, Monterey, Corona, Palm Springs, Indio, Temecula, Murrieta, San Diego, Chula Vista, Oceanside, Escondido, Vista, La Mesa, Santee, Santa Maria, Santa Clarita, San Clemente, Laguna, Aliso Viejo, Mission viejo, Rancho, Santa Margarita, Rancho Cucamonga, and more.

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types. Visit us at www.vandykfunding.com to get started or just find out more

Redmond WA - VA Loans and FHA Home Mortgage Loan Info

2010-09-07T12:44:00.000-07:00

Redmond WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Redmond. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Redmond Homebuyers and King County Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Redmond FHA Loans are available up to $567,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Redmond is $567,500. Redmond FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Redmond VA Loans are available up to $481,250 with zero down payment required. The Redmond VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the King County Loan limit of $481,250 for VA Loans in Redmond . We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Redmond Conforming Loans are available up to $567,500. The Redmond Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Redmond Home Loan information

FHA Home loans in Redmond, Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Redmond FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Redmond home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Redmond, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Redmond VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Redmond VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for condos are available up to $481,250 with zero down

Conforming Home Loans in Redmond, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Redmond Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Maximum Income Limits for FHA Loans

2010-09-06T17:13:00.000-07:00

Maximum Income Limits for FHA Loans
There are no maximum income limits or restrictions or limitations for FHA Loans. We felt it was important to discuss this briefly since many people think FHA Loans are just for Low Income buyers, or First Time Home Buyers. Nothing could be further from the truth.
FHA Loans do not have a maximum income restriction. As well, you do not have to be a First Time Home Buyer to qualify for FHA Loans. FHA Loans were created with the mission to help Americans to purchase a home with a lower down payment than conventional or conforming alternatives, and to have affordable refinance options.
Since the FHA's mission is to foster affordable housing for Americans, it does allow some things that Conventional loans do not at this time.

FHA Loans require 3.5% down payment
Down Payment can be from your own funds or gift funds from immediate family
FHA Loans allow credit scores as low as 620
FHA Loans have competitive 30 year fixed rates and low 5yr fixed rates are available too
FHA Loans offer Refinance options beyond Conforming loan options
FHA Refinance loans allow you to consolidate a first and second mortgage
You can only have one FHA loan at a time (with very few exceptions)

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 866-900-2342 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans:California,Southern California, Los Angeles, San Diego, San Jose, San Francisco, Santa Monica, Pasadena, Brea, Diamond, Long beach, Huntington beach, Irvine, Costa Mesa, Hollywood, North Hollywood, San Mateo, ventura, Riverside, Oakland, Fremont, Sunnyvale, Santa maria, Oceanside, Vista, Escondido, Los Angeles, Rancho Bernardo, Poway, San Marcos, Carmel, Monterey, Santa Barbara, Santa Cruz, and all areas in between. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types.

FHA Loans vs Fannie Mae loans - compare and contrast We did a comparison of FHA jumbo vs Fannie Mae Jumbo loans in 2008, and also updated that artic

2010-09-06T17:11:00.000-07:00

FHA Loans vs Fannie Mae loans - Which one is for you?

We did a comparison of FHA jumbo vs Fannie Mae Jumbo loans in 2008, and also updated that article onFHA Jumbo vs Fannie Mae High Balance recently. It made me think, what about conforming loan sizes - $417K and under, how do FHA and Fannie Mae conforming loans compare? We found that in many instances, FHA has many benefits and more ways to help homeowners refinance and homebuyers purchase homes.

FHA Purchase Loans and FHA Refinance Loans offer many ways to help both homebuyers and refinancers. Here are some comparisons:

FHA Loans require a 3.5% downpayment vs a 5% downpayment for Fannie Mae
FHA Refinance Loans require a 2.25% minimum equity vs a 5% minimum equity for Fannie Mae Refinances (for non- cash out transactions)
FHA Allows Cash out refinances up to 85% Loan to Value - Fannie Mae's limit of 85% loan to value
FHA Loans allow you to consolidate a first and second mortgage without classifying the transaction as Cash out - Fannie Mae Loans consider paying off a non-purchase second mortgage to be Cash out, resulting in higher loan related fees, higher fico qualification, and a higher rate.
FHA Loans require a 620 mid score vs a 680 for a 95% Fannie Mae Purchase.
FHA allows higher debt ratios than Fannie Mae loans, especially when MI is involved

While the FHA loan does have Mortgage Insurance, it does offer options that Fannie Mae does not, and Fannie Mae loans over 80% ltv also require PMI.

Here are some comparisons we made between FHA and conforming loans to measure the coming changes to the FHA Mortgage Insurance costs. Please view the following articles for more information on comparing the old and new FHA MIP premium structures, and how they effect you:

FHA Changes to Mortgage Insurance Premiums authorized in House Bill HR 5981

Part 1: Why FHA Loans will still be the better choice for many homebuyers (and refinancers!)

Part 2: Why FHA Loans will still be the better choice for many homebuyers (and refinancers!)

Call us at 866-900-2342 to see if a FHA Purchase or FHA Refinance is the right solution for you.

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Maximum Income restrictions for VA Loans

2010-09-06T17:09:00.000-07:00

No Maximum Income restrictions for VA Loans

There are no maximum income restrictions or limitations for VA Loans. We felt it was important to discuss this briefly since many people think VA Loans are just for Low Income buyers, or First Time Home Buyers. Nothing could be further from the truth, our Veterans and Active Duty Service Personnel deserve quality housing and affordable financing options. The VA Loan Benefit serves that need.

VA Loans do not have a maximum income restriction. As well, you do not have to be a First Time Home Buyer to qualify for a VA Loan. VA Loans were created to assist our Veterans with affordable home financing options to purchase a home with a lower down payment than conventional or conforming alternatives, and to have affordable refinance options.

Since the VA's mission is to create affordable home loan options for American Vets, it does allow some things that Conventional loans do not at this time.

VA Loans require no down payment
Down Payment can be from your own funds or gift funds from immediate family
VA Loans allow credit scores as low as 620
VA Loans have competitive 30 year fixed rates and low 5yr fixed rates are available too
VA Refinance loans allow you to consolidate a first and second mortgage
You can use your VA Loan benefit more than once, the new loan limits and entitlement amounts make this more affordable than ever.
VA Jumbo loans offer 100% financing options up to $962K in most of the Bay Area

Puyallup WA - VA Loans and FHA Loan information page

2010-09-06T17:07:00.000-07:00

Puyallup WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Puyallup. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Puyallup Homebuyers and Seattle Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Puyallup FHA Loans are available up to $567,5 00 with just 3.5% down payment. The FHA 2010 Loan Limit for Puyallup is $567,500. Puyallup FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Puyallup VA Loans are available up to $481,250 with zero downpayment. The Puyallup VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the Pierce County Loan limit of $481,250 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Puyallup Conforming Loans are available up to $567,500. The Puyallup Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Puyallup Home Loan information

FHA Home loans in Puyallup, Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Puyallup FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Puyallup home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Puyallup, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Puyallup VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Puyallup VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for Puyallup condos are available up to $481,250 with zero down

Conforming Home Loans in Puyallup, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Puyallup Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

In addition to Puyallup, WA, We service the entire state of California, including Redding, Sacramento, Bakersfield, Stockton, Oakland, San Francisco, Fremont, Clovis, Sunnyvale, Patterson, Modesto, Salinas, Palmdale, Lancaster, Los Angeles, Ventura, Santa Monica, San Bernardino, Riverside, Corona, Santa Ana, Orange, Irvine, Anaheim, Huntington Beach, Long Beach, Brea, Ventura, Santa Barbara, Monterey, Corona, Palm Springs, Indio, Temecula, Murrieta, San Diego, Chula Vista, Oceanside, Escondido, Vista, La Mesa, Santee, Santa Maria, Santa Clarita, San Clemente, Laguna, Aliso Viejo, Mission viejo, Rancho, Santa Margarita, Rancho Cucamonga, and more. In addition to California, we service the entire state ofWashington, including Spokane, Spokane Valley, Mead, Newport, Liberty Lake, Newman Lake, Airway Heights, Deerpark, Seattle, Tacoma, Everett, Puyallup, Kent, Auburn, Bellevue, Federal Way, Kirkland, Redmond, Woodinville, Snohomish, Marysville, Lake Stevens, Mukilteo, Lynnwood, Montlake Terrace, Edmonds, Des Moines, Renton, Issaquah, North Bend, Monroe, Olympia, Lacey, Bremerton, Tumwater, Port Orchard, and Vancouver.

Federal Way WA - VA Loan and FHA Loan info page

2010-09-06T17:04:00.000-07:00

Federal Way WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Federal Way. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Federal Way Homebuyers and King County Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Federal Way FHA Loans are available up to $567,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Federal Way is $567,500. Federal Way FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Federal Way VA Loans are available up to $481,250 with zero down payment required. The Federal Way VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the King County Loan limit of $481,250 for VA Loans in Federal Way. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Federal Way Conforming Loans are available up to $567,500. The Federal Way Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Federal Way Home Loan information

FHA Home loans in Federal Way, Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Federal Way FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Federal Way home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Federal Way, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Federal Way VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Federal Way VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for condos are available up to $481,250 with zero down

Conforming Home Loans in Federal Way, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Federal Way Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

In addition to Federal Way , WA, we service the entire state of Washington, including Spokane, Spokane Valley, Mead, Newport, Liberty Lake, Newman Lake, Airway Heights, Deerpark, Seattle, Tacoma, Everett, Puyallup, Kent, Auburn, Bellevue, Federal Way, Kirkland, Redmond, Woodinville, Snohomish, Marysville, Lake Stevens, Mukilteo, Lynnwood, Montlake Terrace, Edmonds, Des Moines, Renton, Issaquah, North Bend, Monroe, Olympia, Lacey, Bremerton, Tumwater, Port Orchard, and Vancouver. In addition to Washington State, we service the entire state of California, including Redding, Sacramento, Bakersfield, Stockton, Oakland, San Francisco, Fremont, Clovis, Sunnyvale, Patterson, Modesto, Salinas, Palmdale, Lancaster, Los Angeles, Ventura, Santa Monica, San Bernardino, Riverside, Corona, Santa Ana, Orange, Irvine, Anaheim, Huntington Beach, Long Beach, Brea, Ventura, Santa Barbara, Monterey, Corona, Palm Springs, Indio, Temecula, Murrieta, San Diego, Chula Vista, Oceanside, Escondido, Vista, La Mesa, Santee, Santa Maria, Santa Clarita, San Clemente, Laguna, Aliso Viejo, Mission viejo, Rancho, Santa Margarita, Rancho Cucamonga, and more.

Burien WA - VA Loans and FHA Home Mortgage Loan Info

2010-09-06T17:01:00.000-07:00

Burien WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Burien . We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Burien Homebuyers and King County Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Burien FHA Loans are available up to $567,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Burien is $567,500. Burien FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Burien VA Loans are available up to $481,250 with zero down payment required. The Burien VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the King County Loan limit of $481,250 for VA Loans in Burien. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Burien Conforming Loans are available up to $567,500. The Burien Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Burien Home Loan information

FHA Home loans in Burien Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Burien FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Burien home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Burien, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Burien VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Burien VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for condos are available up to $481,250 with zero down

Conforming Home Loans in Burien, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Burien Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Sammamish WA - VA Loans and FHA Home Mortgage Loan info

2010-09-06T16:59:00.000-07:00

Sammamish WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Sammamish. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Sammamish Homebuyers and King County Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Sammamish FHA Loans are available up to $567,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Sammamish is $567,500. Sammamish FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Sammamish VA Loans are available up to $481,250 with zero down payment required. The Sammamish VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the King County Loan limit of $481,250 for VA Loans in Sammamish. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Sammamish Conforming Loans are available up to $567,500. The Sammamish Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Sammamish Home Loan information

FHA Home loans in Sammamish Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Redmond FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Sammamish home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Sammamish, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Sammamish VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Sammamish VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for condos are available up to $481,250 with zero down

Conforming Home Loans in Sammamish, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Sammamish Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Everett WA - VA Loans and FHA Home Loan Info

2010-09-06T15:00:00.000-07:00

Everett WA - VA Loans and FHA Home Loan Info

VanDyk Mortgage is your source for VA Loans and FHA Loans in Everett. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Everett Homebuyers and Seattle Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Everett FHA Loans are available up to $567,5 00 with just 3.5% down payment. The FHA 2010 Loan Limit for Everett is $567,500. Everett FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Everett VA Loans are available up to $481,250 with zero downpayment. The Everett VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the Snohomish County Loan limit of $481,250 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Everett Conforming Loans are available up to $567,500. The Everett Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Everett Home Loan information

FHA Home loans in Everett, Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Everett FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Everett, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Everett VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Everett VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for Seattle condos are available up to $481,250 with zero down

Conforming Home Loans in Everett, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Seattle Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us a twww.vandykfunding.com or call Brian Skaar at 866-900-2342 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, VA, VA Jumbo, Conforming & Jumbo Loans. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

Bothell WA - VA & FHA Loan Info

2010-09-06T14:45:00.000-07:00

Bothell WA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - Washington VA Lender & FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Bothell . We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Bothell Homebuyers and King County Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Bothell FHA Loans are available up to $567,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Bothell is $567,500. Bothell FHA Loans that are over $417K up to $567,500 are called FHA Jumbo or FHA High Balance loans.

Bothell VA Loans are available up to $481,250 with zero down payment required. The Bothell VA Loan Limit in 2010 is $481,250. However, Veterans are not limited to the King County Loan limit of $481,250 for VA Loans in Bothell. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Bothell Conforming Loans are available up to $567,500. The Bothell Conforming Jumbo Loans (aka Conforming High Balance,those over $417,000 and up to $567,500) require a minimum of 10% downpayment or equity.

Bothell Home Loan information

FHA Home loans in Bothell Washington:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $567,500 (aka FHA High Balance)
The $567,500 is the base loan amount - the Bothell FHA Loan Limit of $567,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
Bothell home buyers can purchase up to a $588K home with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Bothell, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $481,250
A $500k Bothell VA Home Purchase would only require $4,687 downpayment ( .94%) - not including the VA Funding Fee
A $675k Bothell VA Home Purchase would only require $48,437 downpayment (7.18%) - not including the VA Funding Fee
~VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans for condos are available up to $481,250 with zero down

Conforming Home Loans in Bothell, Washington:

Available up to $567,500 with the Conforming High Balance (aka conforming Jumbo)
Bothell Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Vancouver, WA - VA Loans and FHA Home Mortgage Loans Info

2010-09-06T14:41:00.000-07:00

Vancouver, WA - VA Loans and FHA Home Mortgage Loans Info

VanDyk Mortgage is your source for VA Loans and FHA Loans in Vancouver. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Vancouver Homebuyers and Clark County Homeowners to Purchase and refinance homes..

FHA Loans for Purchase and refinance
VA & VA Jumbo (aka High Balance) for Purchase and refinance
Conforming Loans for Loans for Purchase and refinance
Jumbo Loans to $3m

Vancouver FHA Loans are available up to $418,750 with just 3.5% down payment. The FHA 2010 Loan Limit for Vancouver is $418,750. Since FHA Loans over $417K are classified as FHA Jumbo, and have slightly higher interest rates, we suggest that Vancouver FHA buyers keep their loan amount to $417K to save money.

VA Loans are available in Vancouver up to $417,000 with zero downpayment. The Vancouver VA Loan Limit in 2010 is $417,000. However, Veterans are not limited to the Clark County Loan limit of $417,000 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk VA Mortgage VA Loan over your county limit.

Vancouver Conforming Loans are available up to $418,750. Conforming purchase or refinance loans are available with a minimum of 5% downpayment or equity for Vancouver up to $417K. Much like the FHA Jumbo, we do not suggest utilizing the $418,750 mark in Vancouver, as the guidelines are stricter and the rate is higher. IE - put enough down to reach $417K and save money.

Vancouver Home Loan information

FHA Home loans in Vancouver, Washington:

FHA Home Loans require just 3.5% downpayment
FHA Home Loans for Refinance available up to 97.75% Loan to Value
Vancouver FHA Loans available up to $418,750
The $418,750 is the base loan amount - the Vancouver FHA Loan Limit of $418,750 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
This would allow you to purchase up to a $433,900 home in Vancouver with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Vancouver, Washington:

Active Duty Military and Veterans can both qualify
100% financing up to $417,000
A $500k Vancouver, WA VA Home Purchase would only require $20,750 downpayment (4 .15%) - not including the VA Funding Fee
A $675k Vancouver, WA VA Home Purchase would only require $64,500 downpayment (9.56%) - not including the VA Funding Fee
~VA Loans require NO Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs

Conforming Home Loans in Vancouver, Washington:

Vancouver Conforming loans available up to $417,000
For Purchase and refinance
require a minimum of 5% downpayment or up to 95% LTV on Purchase loans
Up to 95% Loan to Value on Refinances
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

In addition to Vancouver, WA, We service the entire state of California, including Redding, Sacramento, Bakersfield, Stockton, Oakland, San Francisco, Fremont, Clovis, Sunnyvale, Patterson, Modesto, Salinas, Palmdale, Lancaster, Los Angeles, Ventura, Santa Monica, San Bernardino, Riverside, Corona, Santa Ana, Orange, Irvine, Anaheim, Huntington Beach, Long Beach, Brea, Ventura, Santa Barbara, Monterey, Corona, Palm Springs, Indio, Temecula, Murrieta, San Diego, Chula Vista, Oceanside, Escondido, Vista, La Mesa, Santee, Santa Maria, Santa Clarita, San Clemente, Laguna, Aliso Viejo, Mission viejo, Rancho, Santa Margarita, Rancho Cucamonga, and more. In addition to California, we service the entire state ofWashington, including Spokane, Spokane Valley, Mead, Newport, Liberty Lake, Newman Lake, Airway Heights, Deerpark, Seattle, Tacoma, Everett, Puyallup, Kent, Auburn, Bellevue, Federal Way, Kirkland, Redmond, Woodinville, Snohomish, Marysville, Lake Stevens, Mukilteo, Lynnwood, Montlake Terrace, Edmonds, Des Moines, Renton, Issaquah, North Bend, Monroe, Olympia, Lacey, Bremerton, Tumwater, Port Orchard, Vancouver, Battleground, Camas, Washougal, Brush Prairie, Kalama, Woodland, Kelso, Centralia, Chehalis, and more.

Bakersfield, CA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender serving Bakersfield

2010-09-06T14:38:00.000-07:00

Bakersfield, CA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender serving Bakersfield

VanDyk Mortgage is your source for VA Loans and FHA Loans in Bakerfield. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Bakersfield Homebuyers and Kern County Homeowners to Purchase and refinance homes..

FHA Loans for Purchase and refinance
VA & VA Jumbo (aka High Balance) for Purchase and refinance
Conforming Loans for Loans for Purchase and refinance
Jumbo Loans to $3m

Bakersfield FHA Loans are available up to $368,750 with just 3.5% down payment. The FHA 2010 Loan Limit for Bakersfield is $368,750.

VA Loans are available in Bakersfield up to $417,000 with zero downpayment. The Bakersfield VA Loan Limit in 2010 is $417,000. However, Veterans are not limited to the Kern County Loan limit of $417,000 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk VA Mortgage VA Loan over your county limit.

Bakersfield Conforming Loans are available up to $417,000. Conforming purchase or refinance loans are available with a minimum of 5% downpayment or equity for Bakersfield.

Bakersfield Home Loan information

FHA Home loans in Bakersfield, California:

FHA Home Loans require just 3.5% downpayment
FHA Home Loans for Refinance available up to 97.75% Loan to Value
Bakersfield FHA Loans available up to $368,750
The $368,750 is the base loan amount - the Bakersfield FHA Loan Limit of $368,750 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
This would allow you to purchase up to a $382K home in Fresno with 3.5% down.
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Bakersfield, California:

Active Duty Military and Veterans can both qualify
100% financing up to $417,000
A $500k Bakersfield VA Home Purchase would only require $20,750 downpayment (4 .15%) - not including the VA Funding Fee
A $675k Bakersfield VA Home Purchase would only require $64,500 downpayment (9.56%) - not including the VA Funding Fee
~VA Loans require NO Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs

Conforming Home Loans in Bakersfield, California:

Bakersfield Conforming loans available up to $417,000
For Purchase and refinance
require a minimum of 5% downpayment or up to 95% LTV on Purchase Loans
Up to 95% Loan to Value on Refinances
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

In addition to Bakersfield, We service the entire state of California, including Redding, Sacramento, Bakersfield, Stockton, Oakland, San Francisco, Fremont, Clovis, Sunnyvale, Patterson, Modesto, Salinas, Palmdale, Lancaster, Los Angeles, Ventura, Santa Monica, San Bernardino, Riverside, Corona, Santa Ana, Orange, Irvine, Anaheim, Huntington Beach, Long Beach, Brea, Ventura, Santa Barbara, Monterey, Corona, Palm Springs, Indio, Temecula, Murrieta, San Diego, Chula Vista, Oceanside, Escondido, Vista, La Mesa, Santee, Santa Maria, Santa Clarita, San Clemente, Laguna, Aliso Viejo, Mission viejo, Rancho, Santa Margarita, Rancho Cucamonga, and more. In addition to California, we service the entire state ofWashington, including Spokane, Spokane Valley, Mead, Newport, Liberty Lake, Newman Lake, Airway Heights, Deerpark, Seattle, Tacoma, Everett, Puyallup, Kent, Auburn, Bellevue, Federal Way, Kirkland, Redmond, Woodinville, Snohomish, Marysville, Lake Stevens, Mukilteo, Lynnwood, Montlake Terrace, Edmonds, Des Moines, Renton, Issaquah, North Bend, Monroe, Olympia, Lacey, Bremerton, Tumwater, Port Orchard, and Vancouver.

Using your VA Home Loan Benefit in Los Angeles -part 2 - refinance your home with a VA Loan

2010-08-29T12:59:00.000-07:00

Using your VA Home Loan Benefit in Los Angeles -part 2 - refinance your home with a VA Loan

The VA Home Loan benefit is a great opportunity for Los Angeles Veterans and Active Duty Military to refinance a LA home or Los Angeles condo. We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit.

VA Loans require zero downpayment up to $593,750 in Los Angeles, throughout Los Angeles County.

VA Refinance Loans - available up to 90% of your homes value
VA Jumbo Refinance Loans - also available up to 90% of your homes value with corresponding amount of home equity. these are also know as VA High Balance loans.
VA IRRRL Streamline Refinance Loans - Refinance into a lower rate with reduced documentation requirements, up to $1.5M in Los Angeles.

However,Veterans are not limited to the Los Angeles Loan limit of $593,750 for VA Loans. We offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25% of the loan amount. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are a few ways to use your VA home loan Benefit in Los Angeles to purchase a home:

VA Loan to Refinance a single family home with up to $417K loan amount with no PMI
VA Jumbo Loan to Refinance a home up to a $593,750 loan amount no MI required.
VA Loan to refinance a Condo in Los Angeles - up to $417,000 loan amount no MI required.
VA Jumbo Loan to refinance your Los Angeles Condo up to $593,750 loan amount with no MI required.
VA Jumbo Loan to Refinance a $750,000 home in Los Angeles with a loan amount up to $675K with no MI
VA Jumbo Loan to Refinance a $1M home in Los Angeles with a loan amount up to $900K with no MI
Refinance your current VA Loan or VA Jumbo Loan using the VA IRRRL Streamline Refinance - Market rates are the lowest on record - Call for today's rates, they will surprise you.
Use a VA refinance to refinance out of an Adjustable Rate Mortgage - Up to 90% loan to value - with zero Mortgage Insurance required.
Use a VA refinance to consolidate your first and second mortgage with no extra charge to interest. This consolidation is considered Cash Out for Conforming Loans and has additional restrictions, VA Allows this up to 90% LTV.
Use the VA Jumbo Loan to take advantage of the lowest 30 year fixed rates on Record (call for actual rates, they will shock you). Available up to $1.5M in Los Angeles with a suitable combination of Equity and guarantee. Check out some actual VA Jumbo Loan Refinance scenario's here.

VA Home Loan info for Los Angeles, California:

Active Duty Military and Veterans can both qualify
100% financing up to $593,750
A $825k Los Angeles Home Purchase would only require $57,812 downpayment (7.01%) - not including the VA Funding Fee
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
VA Loans are not just for first time homebuyers
VA Jumbo Loans are offered at competitive rates that will surprise you, in a good way.
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans can be used to purchase VA Approved Condominiums with zero down

VanDyk is your source for VA backed Condo loans. We also do not have a waiting period for "flips". This is often called the Flip Rule or VA Flip Rule. VanDyk does not require the seller of a property to wait 90 days before allowing a VA buyer to purchase the property, only 1 day.

VanDyk Mortgage is a Proud VA Direct Lender. VanDyk Mortgage has been making FHA & VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar direct at 760-752-4480 for help with your VA or FHA loan.

We serve the entire states of California and Washington for VA Loans, including Los Angeles, San Francisco, Pasadena, Long Beach, San Jose, San Diego, Huntington Beach, Anaheim, Orange, Santa Ana, Oakland, Fresno, Bakersfield, Riverside, Lancaster, Sacramento, Seattle, Tacoma, Spokane, and everything in between.

Here is a link to part one of our series: Using your VA loan benefit to purchase a home in Los Angeles

UsUsing your VA Home Loan Benefit in Los Angeles, part 1 - Purchase a home

2010-08-29T12:57:00.000-07:00

Using your VA Home Loan Benefit in Los Angeles, part 1 - Purchase a home

The VA Home Loan benefit is a great opportunity for Los Angeles Veterans and Active Duty Military to purchase a LA home or condo. We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit.

VA Loans require zero downpayment up to $593,750 in Los Angeles, throughout Los Angeles County.

VA Loans - zero downpayment required up to $417,000
VA Jumbo Loans - zero downpayment required up to $593,750 in LA (aka VA High Balance)
VA Jumbo Loans up to $1.5M (with downpayment)

Los Angeles VA Loans are available up to $593,750 with zero downpayment required. The Los Angeles VA Loan Limit in 2010 is $593,750. However,Veterans are not limited to the Los Angeles Loan limit of $593,750 for VA Loans. We offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25% of the loan amount. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are a few ways to use your VA home loan Benefit in Los Angeles to purchase a home:

VA Loan to Purchase a single family home up to $417K with zero downpayment and no MI
VA Jumbo Loan to Purchase a home up to $593,750 with zero downpayment and no MI
VA Loan to purchase a Condo in Los Angeles - up to $417K with zero downpayment or MI
VA Jumbo Loan to purchase a Condo in Los Angeles - up to $593,750 with zero downpayment and no MI required.
VA Jumbo Loan to purchase a $750,000 home in Los Angeles with just a $39,062 downpayment required (5.21%)
VA Jumbo loan to purchase a $825,000 home with just $57,812 (7.01%) downpayment in Los Angeles
VA Jumbo loan to purchase a $1.1M Los Angeles home with just $126,562 (11.51%) downpayment and no MI (mortgage insurance)

VA Jumbo Loan rates are currently at the lowest 30 year fixed rates on Record (call for actual rates, they will shock you). VA Jumbo's are available up to $1.5M in Los Angeles with a suitable combination of Equity and guarantee. Check out some actual VA Jumbo Loan Purchase scenario's here.

VA Home Loan info for Los Angeles, California:

Active Duty Military and Veterans can both qualify
100% financing up to $593,750
Available up to $1.5M with suitable downpayment/Equity in home
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
VA Loans are not just for first time homebuyers
VA Jumbo Loans are offered at competitive rates that will surprise you, in a good way.
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans can be used to purchase VA Approved Condominiums with zero down

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar direct at 866-900-2342 for help with your VA loan. We serve the entire state of California plus Washington state, including: California,Southern California, Los Angeles, San Diego, San Jose, San Francisco, Santa Monica, Pasadena, Brea, Diamond, Long beach, Huntington beach, Irvine, Costa Mesa, Hollywood, North Hollywood, San Mateo, Ventura, Riverside, Oakland, Fremont, Sunnyvale, Santa maria, Oceanside, Vista, Escondido, Los Angeles, Murrieta, Temecula, Corona, Riverside, Rancho Bernardo, Poway, San Marcos, Carmel, Monterey, Santa Barbara, Santa Cruz, and all areas in between.

VA Jumbo Purchase Loans - Filling in the gaps that Conventional loan don't serve.

2010-08-29T12:54:00.000-07:00

VA Jumbo Purchase Loans - Filling in the gaps that Conventional loan don't serve.

This sounds a little backwards from what you may have thought, seen or heard in the past about VA Loans, specifically VA Purchase Loans. VA now allows higher loan amounts up to $1,500,000, and VanDyk Mortgage offers these throughout California and Washington.

Conventional Loans require more equity for Jumbo loan amounts over $417,000 for purchase of a home or condo than typical VA requirements. True Jumbo Conventional Loans require at least 20% down payment to purchase a home, and more if you exceed $1m. The VA Jumbo loan allows Veteran purchasers many options for reduced downpayments vs conventional options.

VA Jumbo rates are typically lower than True Jumbo Rates on 30 year fixed rate loans. Call for an updated quote today - 760-752-4480.

There are a couple scenarios below of how VA Jumbo Loans can help Jumbo Borrowers who are Veterans or Active Duty Military Personnel in the purchase of a home:

Scenario 1. You want to buy a home for $1m in San Francisco. A conventional loan will require at least 20% downpayment, You have the money, but would prefer to keep it in the market to recapture what you have lost in the last couple years. In comes the VA Jumbo loan to the rescue. Since the county limit is $962,500 in San Francisco, we can offer a VA Jumbo loan up to $990,625 with just $9,375 down payment (yes, under 1% down). Our VA jumbo loans are typically a 30 year fixed rate, and never a prepayment penalty. Problem Solved! How about putting $9k vs 200K down. and getting a better rate sound?

Scenario 2. You want to buy a home in Long Beach for $900K. Since the county limit is $593,750 for a Los Angeles VA Loan, and VanDyk allows VA loans over the county limit, Our VA Jumbo Purchase loan for Long Beach would only require a $76,562 downpayment (8.51%). Problem solved.

Scenario 3. You want to buy a home in Oakland for $900K. Since the county limit is $962,500 for an Oakland or Alameda county VA Loan, your VA Jumbo Purchase loan for Oaklandwould only require zero downpayment. Conventional loans would require 20% in Oakland, and FHA loans cap out at $729,750. Problem solved for our Veteran.

Scenario 4. You want to buy a home for $1.65m in San Francisco. A conventional loan will require at least 20% downpayment, In comes the VA Jumbo loan to the rescue. Since the county limit is $962,500 in San Francisco, we can offer a VA Jumbo loan up to $1.5M, with a $150K down payment (yes, under 10% down). Our VA jumbo loans are typically a 30 year fixed rate, and never a prepayment penalty. Problem Solved!

As you can see, working a VA Loan pro can really make a difference. Veterans have never had more options or ways to utilize their VA benefit to Purchase or Refinance their homes in California.

There are many more situations and scenarios that VA Loans can help whereas conventional loans may not. Please don't hesitate to contact us if you think your VA Benefit could help you a Refinance or Purchase your home.

Here is a recent post regarding the new VA Loan Limits 2010.

These examples show some of the ways that a VA Jumbo Loan can help, and in ways that many lenders don't offer. VanDyk Mortgage offers VA Jumbo Loans up to $1,500,000 in all areas that we service. Many VA Lenders limit VA Loans to the county limit for your area, or a max of $650K, VanDyk is not contained to these limits. Even in areas with a lower VA Loan Limit, we still offer the VA Loan up to $1,500,000, as long as there is a sufficient combination of entitlement and equity to meet the guideline of 25%.

You do need good credit for VA jumbo loans, and must be able to fully document your income, but that should come as no surprise in today's lending world.

We are your VA Jumbo Direct Lender and FHA Jumbo Direct Lender and we offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Jumbo Streamline refinance, FHA Jumbo Purchase, FHA Streamline, VA, VA Streamline, VA Jumbo purchase, VA Jumbo Refinance, VA Cashout refinance, FHA Rehab 203K, VA, Conforming &Jumbo Loans.

VA Jumbo Refinance loans offer solutions conventional loans simply don't allow.

2010-08-29T12:53:00.000-07:00

VA Jumbo Refinance loans offer solutions conventional loans simply don't allow. This sounds a little backwards from what you may have thought, seen or heard in the past about VA Loans, specifically VA Refinance Loans. VA now allows higher loan amounts up to $1,500,000, and VanDyk Mortgage offers these throughout California and Washington.

Conventional Loans require more equity for Jumbo loan amounts over $417,000 for both rate/term refinance and cash out refinance than VA requirements. True Jumbo Conventional Loans require at least 20% equity in your home for refinance, more if you want cash out. The VA Jumbo loan allows Refinances up to 90% of your homes value in both cases, VA Refinance, and VA Cash-out refinance. The VA Loan also allows you to consolidate a first and second mortgage with no penalty to rate or fees.

VA Jumbo rates are typically lower than True Jumbo Rates on 30 year fixed rate loans. Call for an updated quote today - 760-752-4480.

There are a couple scenarios below of how VA Jumbo Loans can help Jumbo Borrowers who are Veterans or Active Duty Military Personnel.

Scenario 1. Your home is worth $1m, and you live in San Francisco. You have a ARM loan and owe $860,000. Conventional loans require more equity, at least 20%, this scenario only has 14% equity, so the bank tells you no. In comes the VA Jumbo loan to the rescue. Since the county limit is $962,500 in San Francisco, and you have atleast 10% equity in your home, we can offer you a VA Jumbo Loan can refinance this loan up to $900K. The VA jumbo loans are typically a 30 year fixed rate, and never a prepayment penalty. Problem Solved!

Scenario 2. You live in Los Angeles, your home is worth $900K, and you owe $790K on your current loan, which is adjustable rate or higher interest fixed rate (over 5.3%). You want to get a fixed rate while the rates are good. You call the big bank. They tell you that you don't have enough equity in your home to refinance, you only have 12% equity, far below their 20% requirement. Once again, the VA Jumbo comes to the rescue for Veterans. Since the county limit is $593,750 for a Los Angeles VA Loan, and VanDyk allows VA loans over the county limit with an appropriate combination of entitlement and equity, we are able to offer you a new VA Jumbo 30 yr Fixed rate mortgage for this scenario. The new loan can be up to $810K, or 90% of the appraised value with your new Jumbo VA loan. Problem solved.

Scenario 3. You live in San Diego, your home is worth $750K. You have a first mortgage is $550K , and you have a second mortgage of $90K that you used to upgrade your home, and enhance it's value. A conventional jumbo loan will consider this a Cash-Out transaction due to the second mortgage being paid off, and you will be limited to a maximum of 65% Loan to Value or LTV. This won't work, as you are at 85.33% LTV. In comes the VA Jumbo to the rescue. Since the San Diego County VA Loan Limit is $437,500, and you have some equity in your home, we can combine the first mortgage and the second mortgage into one VA Jumbo 30 year fixed rate Loan, and you have sufficient entitlement and equity to meet the base guideline of 25% guarantee. Problem solved.

Scenario 4. You live in San Diego, your home is worth $1 Million. You have a first mortgage owing $860K. The conforming Jumbo limit is $697,500 in San Diego, so that won't help. The FHA loan loan limit in San Diego County is also $697,500, not helping either. A conventional jumbo loan will require atleast 20% equity in your home. This won't work either, you are at 85.33% LTV. In comes the VA Jumbo to the rescue. Since the San Diego County VA Loan Limit is $437,500, and you have some equity in your home, we can combine the first mortgage and the second mortgage into one VA Jumbo Loan for as much as $880K, since you have sufficient entitlement and equity to meet the base guideline of 25% guarantee. Problem solved.

As you can see, working a VA Loan pro can really make a difference. Veterans have never had more options or ways to utilize their VA benefit to Purchase or Refinance their homes in California.

Here is a recent post regarding the new VA Loan Limits 2010.

You do need good credit for VA jumbo loans, and must be able to fully document your income, but that should come as no surprise in today's lending world.

Use your VA Home Loan Benefit in Orange County -part 2 - refinance your home with a VA Loan

2010-08-29T12:48:00.000-07:00

Use your VA Home Loan Benefit in Orange County -part 2 - refinance your home with a VA Loan

The VA Home Loan benefit is a great opportunity for Orange County Veterans and Active Duty Military to refinance an OC home or Orange County condo. We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit.

VA Loans require zero downpayment up to $593,750 in Orange County.

VA Refinance Loans - available up to 90% of your homes value
VA Jumbo Refinance Loans - also available up to 90% of your homes value with corresponding amount of home equity. these are also know as VA High Balance loans.
VA IRRRL Streamline Refinance Loans - Refinance into a lower rate with reduced documentation requirements, up to $1.5M in Orange County.

However,Veterans are not limited to the Orange County Loan limit of $593,750 for VA Loans. We offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25% of the loan amount. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are a few ways to use your VA home loan Benefit in Orange County to refinance a home:

VA Loan to Refinance a single family home with up to $417K loan amount with no PMI (90% ltv)
VA Jumbo Loan to Refinance a home up to a $593,750 loan amount no MI required. (90% ltv)
VA Loan to refinance a Condo in Orange County - up to $417,000 loan amount no MI required.
VA Jumbo Loan to refinance your Orange County Condo up to $593,750 loan amount with no MI required.
VA Jumbo Loan to Refinance a $750,000 home in Orange County with a loan amount up to $675K with no MI
VA Jumbo Loan to Refinance a $1M home in Orange County with a loan amount up to $900K with no MI
Refinance your current VA Loan or VA Jumbo Loan using the VA IRRRL Streamline Refinance - Market rates are the lowest on record - Call for today's rates, they will surprise you.
Use a VA refinance to refinance out of an Adjustable Rate Mortgage - Up to 90% loan to value - with zero Mortgage Insurance required.
Use a VA refinance to consolidate your first and second mortgage with no extra charge to interest. This consolidation is considered Cash Out for Conforming Loans and has additional restrictions, VA Allows this up to 90% LTV.
Use the VA Jumbo Loan to take advantage of the lowest 30 year fixed rates on record (call for actual rates, they will shock you). Available up to $1.5M in Los Angeles with a suitable combination of Equity and guarantee. Check out some actual VA Jumbo Loan Refinance scenario's here.

VA Home Loan info for Orange County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $593,750
A $825k Orange County Home Purchase would only require $57,812 downpayment (7.01%) - not including the VA Funding Fee
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
VA Loans are not just for first time homebuyers
VA Jumbo Loans are offered at competitive rates that will surprise you, in a good way.
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans can be used to purchase VA Approved Condominiums with zero down

Here is a link to part one of our series: Using your VA loan benefit to purchase a home in Orange County

Use your VA Home Loan Benefit in Orange County, part 1 - Purchase a home

2010-08-29T12:47:00.000-07:00

Use your VA Home Loan Benefit in Orange County, part 1 - Purchase a home

The VA Home Loan benefit is a great opportunity for Orange County Veterans and Active Duty Military to purchase an OC home or condo. We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit.

VA Loans require zero downpayment up to $593,750 in Orange County.

VA Loans - zero downpayment required up to $417,000
VA Jumbo Loans - zero downpayment required up to $593,750 in LA (aka VA High Balance)
VA Jumbo Loans up to $1.5M (with downpayment)

Orange County VA Loans are available up to $593,750 with zero downpayment required. The Orange County VA Loan Limit in 2010 is $593,750. However,Veterans are not limited to the Orange County Loan limit of $593,750 for VA Loans. We offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25% of the loan amount. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are a few ways to use your VA home loan Benefit in Orange County to purchase a home:

VA Loan to Purchase a single family home up to $417K with zero downpayment and no MI
VA Jumbo Loan to Purchase a home in Orange County up to $593,750 with zero downpayment and no MI
VA Loan to purchase a Condo in Orange County - up to $417K with zero downpayment or MI
VA Jumbo Loan to purchase a Condo in Orange County - up to $593,750 with zero downpayment and no MI required.
VA Jumbo Loan to purchase a $750,000 home in Orange County with just a $39,062 downpayment required (5.21%)
VA Jumbo loan to purchase a $825,000 home with just $57,812 (7.01%) downpayment in Orange County
VA Jumbo loan to purchase a $1.1M Orange County home with just $126,562 (11.51%) downpayment and no MI (mortgage insurance)

VA Jumbo Loan rates are currently at the lowest 30 year fixed rates on Record (call for actual rates, they will shock you). VA Jumbo's are available up to $1.5M in Orange County with a suitable combination of Equity and guarantee. Check out some actual VA Jumbo Loan Purchase scenario's here.

VA Home Loan info for Orange County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $593,750
Available up to $1.5M with suitable downpayment/Equity in home
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
VA Loans are not just for first time homebuyers
VA Jumbo Loans are offered at competitive rates that will surprise you, in a good way.
Sellers can pay up to 4% of the VA Buyers closing costs
VA Loans can be used to purchase VA Approved Condominiums with zero down

Check out part two of our series: how to use your VA benefit to Refinance in Orange County

San Diego VA Loans and VA Home Mortgage Loans - VanDyk Mortgage - VA Lender.

2010-08-28T17:08:00.001-07:00

San Diego VA Loans and VA Home Mortgage Loans - VanDyk Mortgage - VA Lender.

VanDyk Mortgage is your source for VA Loans in San Diego. We have been making
VA loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for San Diego Homebuyers and San Diego Homeowners to Purchase and refinance homes in San Diego.

VA & VA Jumbo (aka High Balance) for Purchase and Refinance
VA Purchase Loans up to $1.5M
VA Jumbo Refinance Loans to $1.5m

San Diego VA Loans are available up to $437,500 with zero downpayment. The San Diego VA Loan Limit in 2010 is $437,500. However, Veterans are not limited to the San Diego Loan limit of $437,500 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are some links to more info on San Diego information, loans for buyers and sellers, etc:

San Diego Home Loan information

VA Home Loans in San Diego, California:

Active Duty Military and Veterans can both qualify
100% financing up to $437,500
A $500K San Diego Home Purchase would only require $15,625 downpayment (3.13%) - not including the VA Funding Fee
VA Loans require No Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs

VA Loans can be used to Purchase and Refinance Condominiums in San Diego. The Approved VA Condo list is quite extensive, please call for details on the Condo you want to purchase or refinance.

VanDyk Mortgage has been making VA loans since 1987. We are a VA Direct Lender and VA Jumbo Direct lender. We are also a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your VA loan.

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We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Bakersifield, Bonita, Carlsbad, Chula Vista, Corona, Costa Mesa, Encinitas, Escondido, Fresno, Glendale, Huntington Beach, Irvine, Lake Elsinore, Long Beach, Los Angeles, Menifee, Monterey, Murrieta, National City, Oakland, Oceanside, Palm Springs, Palmdale,Poway, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Jose, San Marcos, San Mateo, San Dimas, Santa Barbara, Santa Monica,Temecula, Tulare, Ventura, Visalia, Vista, Wildomar. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance). VanDyk Mortgage offers competitive VA & VA Jumbo rates also, as we are a VA direct lender.

Long Beach VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender.

2010-08-28T14:15:00.000-07:00

Long Beach VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender.

VanDyk Mortgage is your source for VA Loans and FHA Loans in Long Beach. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Long Beach Homebuyers and Long Beach Homeowners to Purchase and refinance homes.

FHA & FHA Jumbo (aka High Balance)
VA & VA Jumbo (aka High Balance)
Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
Jumbo Loans to $3m

Long Beach FHA Loans are available up to $729,750 with just 3.5% down payment. The FHA 2010 Loan Limit for Los Angeles County is $729,750. Long Beach FHA Loans that are over $417K up to $729,750 are called FHA Jumbo or FHA High Balance loans.

Long Beach VA Loans are available up to $593,750 with zero downpayment. The Long Beach VA Loan Limit in 2010 is $593,750. However, Veterans are not limited to the Los Angeles County Loan limit of $593,50 for VA Loans. We offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit .

Long Beach Conforming Loans are available up to $729,750. The Los Angeles county Conforming Jumbo Loans (aka Conforming High Balance, those over $417,000 and up to $729,750) require a minimum of 10% downpayment or equity.

Here are some links to local Long Beach information:

Long Beach City Website

Long Beach Statistics, Demographics, & Info

Long Beach Real Estate

Long Beach School info

Long Beach Wiki

Long Beach visitor info

The Queen Mary - Hotel and Ship

Long Beach Home Loan information

FHA Home loans in Long Beach, California:

FHA Home Loans require just 3.5% downpayment

FHA Jumbo Loans up to $729,750 (aka FHA High Balance)

The $729,750 is the base loan amount - the Long Beach FHA Loan Limit of $729,750 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)

The Seller can pay up to 3% of your closing and settlement costs.

Minimum score for most FHA Home Loans is just 620, even on FHA High balance or FHA Jumbo.

You can receive a gift of funds for your Downpayment and closing costs from Family

FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.

FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Long Beach, California:

Active Duty Military and Veterans can both qualify

100% financing up to $593,750

A $825k Long Beach Home Purchase would only require $57,812 downpayment (7.01%) - not including the VA Funding Fee

VA Loans require no Mortgage Insurance

VA Loans do require a VAFF (VA Funding Fee), which is usually financed

Veterans with a 10% or higher VA disability pay no VA Funding fee

Sellers can pay up to 4% of the VA Buyers closing costs

Conforming Home Loans in Long Beach, California:

Long Beach Conforming Jumbo Loans are available up to $729,750 with the Conforming High Balance (aka conforming Jumbo)

Long Beach Conforming Jumbo loans require a minimum of 10% downpayment or up to 90% LTV

Long Beach Conforming loans available up to $417,000

Conforming loans up to $417K require just 5% downpayment - up to 95% LTV

Allow for condominiums, Second Homes, and investment properties

Call for details on Fico score requirements, downpayment requirements, etc

We offer Jumbo Conventional Loans up to $3m - call for details.** please visit our post on Conforming vs Conventional loans to help explain the difference between these two terms, they are often misused in the media and web.

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 866-900-2342 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Los Angeles, San Diego, San Jose, San Francisco, Santa Monica, Pasadena, Brea, Diamond, Long beach, Huntington beach, Irvine, Costa Mesa, Hollywood, North Hollywood, San Mateo, ventura, Riverside, Oakland, Fremont, Sunnyvale, Santa maria, Oceanside, Vista, Escondido, Los Angeles, Rancho Bernardo, Poway, San Marcos, Carmel, Monterey, Santa Barbara, Santa Cruz, and all areas in between. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo , VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types.

Riverside VA Loan info - Riverside VA Lender

2010-08-28T11:06:00.001-07:00

Riverside VA Loans & VA Jumbo Home Mortgage Loans - VanDyk Mortgage - California VA Lender & VA Jumbo Lender. VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Riverside. We have been making VA loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Riverside Homebuyers and Riverside Homeowners to Purchase and refinance homes..

VA purchase Loans
VA Refinance Loans
VA IRRRL Streamline Refinance
VA Jumbo purchase Loans
VA Jumbo Refinance Loans
VA Jumbo IRRRL Streamline Refinance

VA Loans are available to purchase or refinance Condominiums too. Here is more information on VA Condo Loans for Riverside.

VA Jumbo Loans are also called VA High Balance Loans. These are VA Loans that are $417,001 and higher (up to $1.5M).

Riverside VA Loans are available up to $417,000 with zero downpayment. The Riverside VA Loan Limit in 2010 is $417,000. However, Veterans are not limited to the Riverside Loan limit of $417,000 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are some links to local Riverside information:

Riverside VA Home Loan information

VA Home Loans in Riverside, California:

Active Duty Military and Veterans can both qualify
100% financing up to $417,00
A $500K Riverside Home Purchase would only require $20,750 downpayment (4.15%) - not including the VA Funding Fee
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs

Give us a call at 760-752-4480 direct, ask for Brian Skaar to see if a VA Loan is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making VA loans since 1987. We are a VA Lender and VA Jumbo Lender. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your VA loan. We offer VA, VA Jumbo, FHA, FHA Jumbo, Conforming & Jumbo Loans. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

VA Loan info - Riverside California VA Lender

2010-08-28T09:50:00.000-07:00

VA Loan Info - Riverside, California VA lender

Riverside -CA- VA Loans & VA Jumbo Home Mortgage Loans - VanDyk Mortgage - California VA Lender & VA Jumbo Lender. VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Riverside. We have been making VA loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Riverside Homebuyers and Riverside Homeowners to Purchase and refinance homes..

VA purchase Loans
VA Refinance Loans
VA IRRRL Streamline Refinance
VA Jumbo purchase Loans
VA Jumbo Refinance Loans
VA Jumbo IRRRL Streamline Refinance
VA Condo Loans

VA Jumbo Loans are also called VA High Balance Loans. These are VA Loans that are $417,001 and higher (up to $1.5M).

VanDyk Mortgage Allows VA Flips - IE no seller seasoning. Read our article on VA Flipping Rules here.

Here are some links to local Riverside information:

Riverside VA Home Loan information

VA Home Loans in Riverside, California:

Active Duty Military and Veterans can both qualify
100% financing up to $417,00
A $500K Riverside Home Purchase would only require $20,750 downpayment (4.15%) - not including the VA Funding Fee
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs

Give us a call at 760-752-4480 direct, ask for Brian Skaar to see if a VA Loan is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making VA loans since 1987. We are a VA Lender and VA Jumbo Lender. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender.

FHA Delays Mortgage Insurance Premium Increase until Oct 4, 2010

2010-08-11T14:59:00.000-07:00

FHA Delays Mortgage Insurance Premium Increase until Oct 4, 2010

Hud has announced that previously announced FHA Premium Changes will now be implemented Oct 4, 2010, delayed from the original plan of Sept 7, 2010. Go here to view the Statement from Deputy Assistant Secretary Vicki Bott on the change.

This will create some opportunity for folks purchasing and refinancing their homes to take advantage of the current MI premium plans, which are less expensive than the new FHA MIP program.

Please view the following articles for more information on comparing the old and new FHA MIP premium structures, and how they effect you:

FHA Changes to Mortgage Insurance Premiums authorized in House Bill HR 5981

Part 1: Why FHA Loans will still be the better choice for many homebuyers (and refinancers!)

Part 2: Why FHA Loans will still be the better choice for many homebuyers (and refinancers!)

To get started on your FHA Loan today, please visit our online application at vandykfunding.com or call us direct at 760-752-4480, ask for Brian Skaar.

We'll do Flips for you! part 3: VA flips. Our Flip Rules for VA Loans - We only require that the seller own the home for 1 day

2010-08-08T16:17:00.001-07:00

We'll do Flips for you! part 3: VA flips. Our Flip Rules for VA Loans - We only require that the seller own the home for 1 day. VA Flip rule - 1 day OK

The Seller seasoning requirement on our VA Loans is one day. This is not a misprint, just one day. Why is this important you may ask? Many lenders require that sellers own a home for 90-180 days before it is eligible for their VA Financing. We do not require these waiting periods.
We require 1 day.

Seller Seasoning simply means how long the current owner has owned the property (as recorded on Title Records). Seller seasoning is also called Owner seasoning.

VanDyk only requires that the seller is the owner of record on the day the contract is signed.

This is in complete alignment with the Veterans Administration Rules for VA Loans. The other lenders that have added restrictions are reducing the eligibility for Veterans to use VA Loans to purchase homes from investors who may have purchased the home at a foreclosure auction, or direct from a bank. This causes Veterans to miss out on teh opportunity to purchase these homes, most of which have been completely rehabilitated, making them a more desirable home to buy - Turn key homes.

Our VA Rules can help you avoid the issue of seller seasoning, Flip Rules, and big bank rules that restrict access to quality VA Loans and VA Jumbo Loans.

Get started on your VA Home loan with the VA Loan Pros at VanDyk. Visit us at http://www.vandykfunding.com/ to apply online, or call 760-752-4480 and ask for Brian Skaar.

VA Condo's also qualify under our VA Flip Rules.

also check out our articles on FHA Flips and Conventional Flips

We'll do Flips for you! part 2: conventional Flips.

2010-08-08T16:10:00.000-07:00

We'll do Flips for you! part 2: conventional flips. Our Flip Rules for Conventional Loans - We only require that the seller own the home for 1 day prior to resale.

Our Seller seasoning requirement on our Conventional Loans is one day. One Day. Many lenders require that sellers own a home for 90-180 days before it is eligible for their Conventional Financing through Fannie Mae and Freddie Mac, both examples of Conventional Financing. VanDyk Mortgage does not require a waiting period.

We do not require these waiting periods. Seller Seasoning simply means how long the current owner has owned the property (ie how long on Title). VanDyk Mortgage requires that the seller is the owner of record on the day the contract is signed. Many other lenders have added restrictions that reduce the eligibility for homes that were recently purchased and rehabbed to be sold again within 90 - 180 days. Investors may have purchased the home at a foreclosure auction, or direct from a bank. Many of these homes have been completely rehabilitated, making them a more desirable home to buy - They are Turn key homes.

Our Underwriting Rules can help you avoid the issue of seller seasoning, Flip Rules, and big bank rules that restrict access to quality Conventional Loans. Get started on your New Home loan with the Loan Pros at VanDyk. Visit us at http://www.vandykfunding.com/ to apply online, or call 760-752-4480 and ask for Brian Skaar.

Ask about our FHA Flip program and VA Flip Program as well!

We'll do Flips for you! part 1: FHA Flips

2010-08-08T16:06:00.000-07:00

We'll do Flips for you! part 1: FHA Flips. Our FHA Flip rule - 1 day owned by seller OK

We require one day of Seller seasoning for our FHA Loans. Yes, one day. While FHA has released guidance for lenders allowing the Flip Rule to be Waived for all Sellers until Feb 1, 2011, many lenders still require that sellers own a home for 90-180 days before it is eligible for their FHA Financing. We do not require these waiting periods for FHA Loans.

Seller Seasoning simply means how long the current owner has owned the property (as recorded on Title Records). Seller seasoning is also called Owner seasoning. The contract date must be after the date of acquisition for the seller, a redated contract is not allowable.

This is in complete alignment with the HUD guidelines for FHA Loans. The other lenders that have added restrictions are reducing the eligibility for Homebuyers to use FHA Loans to purchase homes from investors who may have purchased the home at a foreclosure auction, or direct from a bank. This opens the door for more homes to be eligible for safe, secure, and sound FHA financing. Many of these homes have been completely rehabilitated and reconditioned, making them a more desirable home to buy: they are Turn key homes.

Our FHA Rules can help you avoid the issue of FHA seller seasoning, FHA Flip Rules, and big bank rules that restrict access to quality FHA Loans.

Get started on your FHA Home loan with the FHA Loan Pros at VanDyk. Visit us at http://www.vandykfunding.com/ to apply online, or call 760-752-4480 and ask for Brian Skaar.

There are some guidelines for FHA Flips under 90 days that will require some attention. If the home increased in price more than 20% from the sellers acquisition cost, the increase in price will need to be justified with renovation records, the sale must be arms-length (No Idendity of Interest between buyer and seller), multiple flipping within previous 12 months is a red flag, no assignment of contracts, property inspection may be required, and buyer's agent cannot be the seller of the home.

VanDyk Mortgage is a FHA Direct Lender offering FHA & FHA Jumbo Loans throughout our lending areas including California, Washington, Los Angeles, San Diego, Riverside, Temecula, Murrieta, Orange County, San Jose, San Francisco, Seattle, Puyallup, Auburn, Kent, Everett, Tacoma, and everything in between.

also check out our articles on VA Flips and Conventional Flips

FHA Loans - helping homeowners where conventional loans leave off, part 2

2010-08-08T16:00:00.000-07:00

FHA Loans - Helping homeowners where conventional loans leave off part 2

I just posted a FHA Refinance Case Study for a loan over $417K, here is another FHA Refinance Case Study to show another area where FHA can help homeowners.

Let's say you live in Los Angeles California. Your home is now worth $400K. Your First Mortgage is $340K, and you have a small second mortgage of $36K, which you used to finance your child's college expenses. Your first loan has been denied for a HARP (Home Affordable Refinance Program, aka DU Refi +) due to the fact that it was a Non-conforming mortgage from Ameriquest. That rate is now set to adjust, and you explore Refinance options further before your payment increases. The big bank says no, because you live in California, their limit for a conventional loan is 90% in CA. Also, Fannie Mae and Freddie Mac consider your second mortgage payoff as a Cash Out Refinance. Fannie Mae and Freddie Mac limit the maximum Loan to Values for Cash out refinances as well as charging higher rates for all of their cash out refinances, even at lower LTV's or Loan to values.

The solution is a FHA Refinance. We can offer you a FHA refinance that will pay off your first mortgage and second mortgage. The FHA Loan will combine these into one fixed rate 30 year mortgage and will not penalize you for paying off the second mortgage with this refinance. This scenario is considered a FHA Refinance, not a FHA Cash Out Refinance.

With a FHA Cash Out Refinance, you can consolidate debts, get cash for home improvement, college expenses, etc. We offer FHA Cash Out Refinances up to 85% of your homes value (85% LTV).

Call us to find out if an FHA Loan can help you. 760-752-4480 - ask for Brian Skaar. VanDyk is a FHA Direct lender and VA Direct Lender. We have been making FHA, VA, and Conventional Loans since 1987.

FHA loans - helping homeowners where conventional loans leave off

2010-08-08T15:56:00.000-07:00

FHA Loans - helping homeowners where conventional loans leave off, part 1.

Here is a scenario to show why it can be beneficial to Refinance your loan or loans into a safe, secure, fixed rate FHA Loan. Let's say you live in Seattle, Washington. Your home is worth $600K and you currently owe $460K on your first mortgage, and you have a second mortgage for $100K. Let's say that you used the $100K to completely remodel and upgrade your home. New Kitchen, Baths, flooring, windows, etc. You have put alot of love and effort into your home and want to stay there for a few more years. Your first mortgage is a 5/1 ARM that you got in 2005 or 2006, and you are worried about the rate and payment increasing, and what that may translate to in the future. You owe 93.3% of your homes value. (93.3% LTV or Loan to Value).

It is now time to refinance the two mortgages into one fixed rate mortgage. From all the headlines, it might seem like the government has set up a nice safety net for you. Here is the bad news: Your first mortgage doesn't qualify for HARP (Home Affordable refinance program) from Fannie Mae or Freddie Mac, since it was not a Fannie or Freddie loan in the first place. The next problem is that Fannie Mae and Freddie Mac Jumbo Conforming (aka high balance, or Super Conforming) limit new loans to 90% Loan to value. But that is not the end of the problems of qualifying for a Fannie Mae High balance refinance for your loan - Fannie Mae now considers the second mortgage payoff to be a "Cash Out Refinance". even thought you are not receiving cash, but that is how Fannie Mae now classifies it. So now for your scenario, the max Loan to Value is 75%, the Fannie Mae Cash out refinance limit. You may think you are Stuck. What did the government do to help me? (note - Freddie Mac guidelines mimic Fannie Mae in all of these areas, so they aren't much of a help either).

Don't despair, this is where FHA Jumbo comes to the rescue. The FHA Jumbo (aka FHA High Balance) allows you to refinance the first and second mortgage on your home without considering this a Cash out Refinance. You might be thinking " I don't want to pay Mortgage Insurance". The choices are clear: do nothing with your Adjustable rate mortgage and keep paying two mortgages, or Refinance into a fixed rate FHA Loan. The FHA Loan can help you get the security of knowing your rate and payment without rate increases for years to come. **FHA also allows true cash out refinances up to 85% LTV, as in debt payoff, cash for home improvement, etc.

Call the FHA Loan pros at VanDyk Mortgage to find out if you can benefit from a FHA Refinance. No cost, no obligation, just honest information and help. Brian Skaar 760-752-4480 or visit online at http://www.vandykfunding.com/ . In addition to being a FHA Lender, We are also a proud VA lender serving our veterans.

Part 2: One size shoe does not fit all borrowers.

2010-08-08T15:38:00.000-07:00

Part 2: Why FHA Loans will still be the better choice for many homebuyers (and refinancers!)

In our previous article, Part 1: Why FHA Loans will still be the better choice for many homebuyers (and refinancers!), we compared the new FHA Mortgage Insurance premiums and compared the monthly cost to a 95% conforming loan with MI, and a 95% conforming loan with NO MI. While the monthly payment leads us to think that the conforming (or conventional) loans are now the best option, one size shoe does not fit all borrowers.

First let's compare and discuss the conforming loan options:

MI is cancellable before 60 months if your property increases in value a sufficient amount Whereas FHA MIP is required for a minimum of 60 months before cancellation, regardless of property value growth.
Rates are similar to FHA rates - so that is not a pro or a con.
The conforming loan with no MI has the lowest overall payment of the 4 options.
Require 5% down payment
Requires a 680 fico score
requires a debt ratio of 41% or lower

Benefits of the FHA Loan option (3.5% downpayment):

Low downpayment required - 3.5%
Down payment can be from Gift Funds
lower ficos required (We offer FHA Loans down to a 580 middle score).
FHA allows higher debt ratios, up to 50%
FHA allows non-occupant co-borrowers such as parents helping their kids get a start

As you can see, one shoe doesn't fit everyone, and every borrower's finances and goals are a little different. Let us work with you to find the most suitable loan option to meet your needs, for now and the future. Contact VanDyk Mortgage direct at 760-752-4480, ask for Brian Skaar.

Part 1: one size shoe does not fit all borrowers.

2010-08-08T15:19:00.000-07:00

Part 1: Why FHA Loans will still be the better choice for many home buyers ie. one size shoe does not fit all borrowers!

We just posted information on the new FHA Mortgage Insurance Changes. I examined the options that now come to mind as potential competitors for the selection of a loan with low downpayment, or little equity.

We compared the following loan options:

FHA Loan with 3.5% down
FHA Loan with 5% down
5% down Conventional loan (yes, we offer this in california with a 680 fico)
5% down conventional loan with no MI (we pay the MI for you).

As the table below illustrates, the payment is similar between the 95% conventional loan with PMI and the FHA Loan with 3.5% down. The FHA loan requires less downpayment, and is therefore more beneficial in my analysis. However, the 95% Conventional loan with no MI now becomes the lowest payment option, in spite of a higher interest rate (required to cover the cost of the Mortgage Insurance, which is paid as a lump sum upfront by the lender at no cost to the borrower).

Check out our next post for more reasons why FHA will still be the loan of choice for many.

Here is a link to the spreadsheet of the numbers for these low down payment options.

VanDyk Mortgage is a FHA Lender offering FHA, FHA Jumbo, FHA Streamline, and FHA 203K Renovation and 203K rehab loans thoughout California and Washington state. Call Brian Skaar direct at 760-752-4480 to get started.

Click on the table below to enlarge:

House Bill 5981 authorizes increased FHA Mortgage Insurance Premiums

2010-08-08T14:15:00.000-07:00

House Bill 5981 authorizes increased FHA Mortgage Insurance Premiums

Congress passed house bill 5981 this week, authorizing FHA, The Federal Housing Administration, to increase the Annual Mortgage Insurance Premium. Here is a letter from FHA Commissioner Stevens on the MIP changes.

There is good news and bad news. The good news is that the Upfront Mortgage Insurance Premium (UFMIP on your HUD1/Good Faith Estimate) is being reduced to 1.0% from the current level of 2.25%. Now the bad news: The Annual Mortgage Insurance Premium (which is paid monthly by the FHA Borrower) is increasing from .55% to .90% for FHA loans above 95% Loan to value, and from .50% to .85% for FHA Loans at 95% or lower loan to value.

So the important questions are:

When does it go into effect? The new rates will apply to all FHA case numbers dated Sept 7, 2010 and later. FHA Case #'s prior to this date can still qualify for the existing MIP rates.

How does it effect my FHA loan? This will only effect new FHA Loans, existing FHA Loans will adhere to the their current MIP Rates (ie no changes).

Is it more expensive or cheaper than now? The overall cost to the borrower actually increases with the new MIP Rates. On a $100K home purchase, with a 4.5% 30 year fixed FHA Loan, the monthly PIMI (Principal, Interest, Mortgage Insurance) payment will be $566.94 on the new plan. The old MIP rates would have yielded a PIMI of $554.12, about $12 per month lower. You can also extrapolate your effect for your potential loan as this payment sample is per $100K purchased.

Now $12 per month is not the end of the world, but the increased monthly cost of MIP will reduce the homebuying power of Americans in a time we are trying to keep housing strong with good financing options. The cost over 5 years is about $2,133 total. FHA Jumbo Loans will feel the impact the most, as the loan amounts are much higher (up to $729,750)

However, FHA Loans still offer huge benefits to qualified borrrowers for many reasons. Check out our next post as we examine why FHA Loans are still a better choice for many homebuyers and refinancers even with the higher MIP rates.

What should I do? If you have been thinking about refinancing with a FHA Loan, purchasing with an FHA Loan, or Streamline Refinancing your FHA Loan, the time to move is now. Call us to get started, and lock in the old MIP rates for your loan before they go up.

Check out the FHA Loan Limits for your County:

2010 FHA Loan limits for California

2010 FHA Loan limits for Washington

Please contact Brian Skaar direct at 760-752-4480 or visit us online to get started now at www.vandykfunding.com. We are Direct Lenders offering FHA, FHA Jumbo, FHA 203K, and FHA Condo Loans. (plus VA, VA Jumbo, and VA Condo Loans).

California FHA 203K Renovation Loans - FHA 203K Rehab loans.

2010-08-08T11:35:00.000-07:00

California FHA 203K Renovation Loans - FHA 203K Rehab loans.

VanDyk Mortgage offers Full FHA 203K Renovation Loans direct to consumers. We also offer the FHA 203K Streamline. These loans offer the ability to finance upfront the construction costs to rehabilitate a home. Our 203K Renovation loans are offered up to $729,750, or the FHA Mortgage limit for your area, if less. Click here for the CA FHA Loan Limits by County.

This is a great way to purchase an underpriced home, complete the upgrades to bring it to livable standards, upgrade it just the way you want it, and do it all in one loan.

VanDyk Mortgage offers FHA 203K Renovation Loans in California to make the process of buying a home that needs some work attainable, more affordable, and easier. Many foreclosed homes have been torn up, stripped, vandalized, etc, or just have out of date features or incomplete construction projects. With normal FHA, VA or conventional financing, these homes are very difficult to sell or buy, as they are not in move in condition, and most lenders will not lend on a damaged home. Our FHA Renovation loans allows you to upgrade/rehab/ update the home with one new loan. The loan closes 1 time. It is a permanent form of financing. The FHA 203K Renovation Loan can accomodate major remodels, major damage repair, storm damage, Additions, kitchen Remodels, etc.

These loans are a key to helping homes become more accessible for disabled folks as the modifications can often be completed with a FHA 203K loan.

These are available up to the Mortgage limits in your county (FHA Jumbo), which can be found here.

Please give us a call to find out if this loan is right for your next purchase, your listing, or right for your next buyer that is looking at Bank-owned, REO, or Repo properties that are in need of TLC & repairs.

Call the FHA Experts, Call VanDyk Mortgage at 866-900-2342 (toll free) or apply online at www.vandykfunding.com.

FHA Rehab Loans - FHA 203K streamline rehab and FHA 203K Rehab- Renovation loans

2010-08-08T11:10:00.000-07:00

FHA Rehab Loans - FHA 203K streamline rehab and FHA 203K Rehab- Renovation loans.

VanDyk Mortgage offers FHA 203K Streamlined Rehab loans and FHA 203K Rehab/Renovation Loans direct to consumers. This post will focus on the FHA 203K Streamline. These loans offer the ability to finance upfront up to $35K in upgrades to rehabilitate a home. These are offered up to $729,750, or the FHA Mortgage limit for your area, if less.

There is no doubt that the current real estate market offers a lot of great bargains on bank owned, Foreclosed, REO, Repo'd, etc homes. However, many of these homes are in poor condition. Missing appliances, ruined carpet & flooring, holes in the wall, etc. Most lenders don't offer loan programs that will be able to help folks buy homes in this condition.

This is where a little known program called the FHA 203K Rehab loan comes in. The FHA 203K Rehab loan is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. VanDyk Mortgage offers FHA 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, more affordable, and quicker. Many of us have seen firsthand, or have heard stories about foreclosed home that have been torn up, stripped, vandalized, etc. With conventional financing, these homes are very difficult to sell or buy, as they are not in move in condition, and most lenders will not lend on a damaged home.

Our FHA 203K Streamline program allows the homebuyer to put up to $35K of rehab work into the new loan. The loan closes 1 time. It is a permanent form of financing. The Streamline program should not be confused with the more complicated FHA 203K rehab loan, which can accomadate major remodels, major damage repair, storm damage, etc. The FHA 203K Streamline rehab loan is just that - Streamlined.

This loan can help with new paint (in/out), new siding, new roof, new flooring, new appliances, hvac repair/replacement, electrical & plumbing repair & upgrades, new windows, decks, porches, patios, minor kitchen remodels, & more.

These loans are a key to helping homes become more accessible for disabled folks as the modifications can often be completed with a FHA 203K loan.

What it can't cover is landscaping, structural damage, foundation work, room additions, load bearing wall changes, etc. It is available up to the Mortgage limits in your county (FHA Jumbo), which can be found here.

There is no HUD consultant or general contractor is required. However, we do suggest using a general contractor with a strong track record to ensure that your work is done & done right.

Please give us a call to find out if this loan is right for your next purchase, your listing, or right for your next buyer that is looking at Bank-owned, REO, or Repo properties that are in need of TLC & repairs.

866-900-2342 (toll free) or apply online at www.vandykfunding.com.

Call the FHA Experts, Call VanDyk Mortgage

VA Loan Benefit info for California Veterans to buy Homes in CA

2010-08-08T10:35:00.000-07:00

VA Loan Benefit Info for California Veterans and CA Active Duty Military to buy homes

California Veterans and CA Active Duty Military Personnel have access to higher VA guarantee limits than many other states. The higher VA Guarantee allows California Vets the opportunity to purchase a home with zero downpayment up to $962,500 in select Bay Area Counties such as San Francisco, San Mateo, Contra Costa, Marin, and Alameda. Los Angeles VA Loans are available up to $593,750 with no down payment.

We are also able to exceed the VA County VA Loan limit with downpayment of 25% of the difference between your purchase price and the VA loan limit for your area. VanDyk Mortgage is a proud VA Lender serving many states including California and Washington, and more. We are a VA Direct Lender.

In 2008, the US Congress authorized increases in the VA Loan Benefit by increasing the Entitlement available to Vets in higher cost areas. This allows us to write VA Loans that are guaranteed by the VA up to the full county loan limit with no downpayment for qualified Veterans.

We have compiled the California VA Loan limits for 2010 by county below. Here is a link to our complete list of all nationwide 2010 VA Loan Limits.

STATE COUNTY 2010 VA LIMIT

CA ALAMEDA $962,500

CA CONTRA COSTA $962,500

CA EL DORADO $418,750

CA LOS ANGELES $593,750

CA MARIN $962,500

CA MONO $512,500

CA NAPA $443,750

CA NEVADA $418,750

CA ORANGE $593,750

CA PLACER $418,750

CA SACRAMENTO $418,750

CA SAN BENITO $633,750

CA SAN DIEGO $437,500

CA SAN FRANCISCO $962,500

CA SAN LUIS OBISPO $487,500

CA SAN MATEO $962,500

CA SANTA CLARA $633,750

CA SANTA CRUZ $568,750

CA VENTURA $486,250

CA YOLO $418,750

Any county not listed is at $417,000 for the VA loan limit.

VA loans can be used to purchase condominiums up to your full benefit as well.

If you need a VA loan for a higher amount than your county loan limit, please call us. We do offer VA loans over the county loan limits for VA IRRRL Streamline Refinance (aka VA Streamline), Refinance and Purchase up to $1.5M. Call Brian Skaar at 760-752-4480 to get started.

Chula Vista VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - VA Lender & FHA Lender.

2010-05-19T14:07:00.000-07:00

Chula Vista VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - VA Lender & FHA Lender. VanDyk Mortgage is your source for VA Loans and FHA Loans in Chula Vista. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Chula Vista Homebuyers and Chula Vista Homeowners to Purchase and refinance homes..

FHA & FHA Jumbo (aka High Balance)

VA & VA Jumbo (aka High Balance)

Conforming & Conforming Jumbo (aka High Balance or Super Conforming)

Jumbo Loans to $3m

Chula Vista FHA Loans are available up to $697,500 with just 3.5% down payment. The FHA 2010 Loan Limit for Chula Vista is $697,500. Chula Vista FHA Loans that are over $417K up to $697,500 are called FHA Jumbo or FHA High Balance loans.

Chula Vista VA Loans are available up to $437,500 with zero downpayment. The Chula Vista VA Loan Limit in 2010 is $437,500. However, Veterans are not limited to the Chula Vista Loan limit of $437,500 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Chula Vista Conforming Loans are available up to $697,500. The Chula Vista Conforming Jumbo Loans (aka Conforming High Balance, those over $417,000 and up to $697,500) require a minimum of 10% downpayment or equity.

Here are some links to local Chula Vista information:

Chula Vista Home Loan information

FHA Home loans in Chula Vista, California:

FHA Home Loans require just 3.5% downpayment
FHA Jumbo Loans up to $697,500 (aka FHA High Balance)
The $697,500 is the base loan amount - the Chula Vista FHA Loan Limit of $697,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
The Seller can pay up to 3% of your closing and settlement costs.
Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
You can receive a gift of funds for your Downpayment and closing costs from Family
FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Chula Vista, California:

Active Duty Military and Veterans can both qualify
100% financing up to $437,500
A $500K Chula Vista Home Purchase would only require $15,625 downpayment (3.13%) - not including the VA Funding Fee
VA Loans require no Mortgage Insurance
VA Loans do require a VAFF (VA Funding Fee), which is usually financed
Veterans with a 10% or higher VA disability pay no VA Funding fee
Sellers can pay up to 4% of the VA Buyers closing costs

Conforming Home Loans in Chula Vista, California:

Available up to $697,500 with the Conforming High Balance (aka conforming Jumbo)
Conforming Jumbo loans for Chula Vista require 10% downpayment (up to 90% ltv)
Chula Vista Conforming loans available up to $417,000
require a minimum of 5% downpayment or up to 95% LTV (up to $417,000)
Allow for condominiums, Second Homes, and investment properties
Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Chula Vista Zip codes include 91909, 91910, 91911, 91912, 91913, 91914, 91915, 91921. Chula Vista Area codes include the 619 area code.

Give us a call at 760-752-4480 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans: California,Southern California, San Diego, San Marcos, Oceanside, Fallbrook, Bonsall, San Diego, Rancho Bernardo, Escondido, Carmel Valley, Scripps Ranch, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Temecula, Murrieta, and Valley Center. We also service San Francisco, San Jose, Los Angeles, and all parts of California & Washington. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types. Visit us at www.vandykfunding.com to get started or just find out more.

For more information on Chula Vista VA loans and FHA Loans - check out:

http://www.vadirectlenders.com/

http://www.fhadirectlenders.com/

www.activerain.com/blogs/bskaar

Vandykmortgage.blogspot.com

FHA Flip rule - We allow FHA Flips per the FHA Flip Rule Waiver

2010-05-16T20:27:00.000-07:00

FHA Flip rule - 1 day owned by seller OK

The Seller seasoning requirement on our FHA Loans is one day. That is correct, one day. While FHA has released guidance for lenders allowing the Flip Rule to be Waived for all Sellers until Feb 1, 2011, many lenders still require that sellers own a home for 90-180 days before it is eligible for their FHA Financing. We do not require these waiting periods for FHA Loans.

Seller Seasoning simply means how long the current owner has owned the property (as recorded on Title Records). Seller seasoning is also called Owner seasoning. The contract date must be after the date of acquisition for the seller, a redated contract is not allowable.

This is in complete alignment with the HUD guidelines for FHA Loans. The other lenders that have added restrictions are reducing the eligibility for Homebuyers to use FHA Loans to purchase homes from investors who may have purchased the home at a foreclosure auction, or direct from a bank. This opens the door for more homes to be eligible for safe, secure, and sound FHA financing. Many of these homes have been completely rehabilitated, making them a more desirable home to buy: they are Turn key homes.

Our FHA Rules can help you avoid the issue of FHA seller seasoning, FHA Flip Rules, and big bank rules that restrict access to quality FHA Loans.

Get started on your FHA Home loan with the FHA Loan Pros at VanDyk. Visit us at http://www.vandykfunding.com/ to apply online, or call 760-752-4480 and ask for Brian Skaar.