VanDyk Mortgage: fha jumbo

Showing posts with label fha jumbo. Show all posts

Tuesday, September 7, 2010

Redmond WA - VA Loans and FHA Home Mortgage Loan Info

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.

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

Monday, September 6, 2010

Puyallup WA - VA Loans and FHA Loan information page

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.

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

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.

Sunday, August 8, 2010

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

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

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).

Wednesday, May 19, 2010

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

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

Sunday, May 16, 2010

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

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.

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.

Monday, April 5, 2010

Temecula FHA Lender - Temecula VA Lender - California VA Loans and FHA Loans

Temecula 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 Temecula. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Temecula Homebuyers and Temecula 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

Temecula FHA Loans are available up to $500,000 with just 3.5% down payment. The FHA 2010 Loan Limit for Temecula is $500,00. Temecula FHA Loans that are over $417K up to $500,000 are called FHA Jumbo or FHA High Balance loans.

Temecula VA Loans are available up to $417,000 with zero downpayment. The Temecula VA Loan Limit in 2010 is $417,000. However, Veterans are not limited to the Temecula 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.

Temecula Conforming Loans are available up to $500,000. The Temecula Conforming Jumbo Loans (aka Conforming High Balance, those over $417,000 and up to $500,00) require a minimum of 10% downpayment or equity.

Temecula is located in South Riverside County. It has it's own Temecula Wine Country boasting many local wineries in the Temecula Valley. Nearby Cities include Murrieta, Wildomar, Winchester, French Valley, Aguanga, Rainbow, Fallbrook, Sun City, Hemet, Menifee and more.

Here are some links to local Temecula information:

Temecula City Website

Temecula History and city Site

Temecula Crime Maps

Temecula Statistics, Demographics, & Info

Temecula Real Estate

Temecula School info

Temecula Wiki

Temecula Home Loan information

FHA Home loans in Temecula, California:

FHA Home Loans require just 3.5% downpayment

FHA Jumbo Loans up to $500,000 (aka FHA High Balance)

The $500,000 is the base loan amount - the Temecula FHA Loan Limit of $500,000 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 Temecula, California:

Active Duty Military and Veterans can both qualify

100% financing up to $417,00

A $500K Temecula 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

Conforming Home Loans in Temecula, California:

Available up to $500,000 with the Conforming High Balance (aka conforming Jumbo)

Temecula Conforming loans available up to $417,000

require a minimum of 10% downpayment or up to 90% 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.

Temecula Zip codes include 92589, 92590, 92591, 92592, and 92593. Temecula Area codes include the 951 area code, and to the east is the 442 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, Temecula, San Marcos, Oceanside, Vista, Escondido, Fallbrook, Bonsall, San Diego, Rancho Bernardo, Poway,Encinitas, Carmel Valley, Scripps Ranch, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Temecula, Murrieta, and Valley Center. 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).

Murrieta VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender

Murrieta 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 Murrieta. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Murrieta Homebuyers and Murrieta 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

Murrieta FHA Loans are available up to $500,000 with just 3.5% down payment. The FHA 2010 Loan Limit for Murrieta is $500,00. Murrieta FHA Loans that are over $417K up to $500,000 are called FHA Jumbo or FHA High Balance loans.

Murrieta VA Loans are available up to $417,000 with zero downpayment. The Murrieta VA Loan Limit in 2010 is $417,000. However, Veterans are not limited to the Murrieta 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.

Murrieta Conforming Loans are available up to $500,000. The Murrieta Conforming Jumbo Loans (aka Conforming High Balance, those over $417,000 and up to $500,00) require a minimum of 10% downpayment or equity.

Murrieta is located in South Riverside County in the Temecula Valley.

Here are some links to local Murrieta information:

Murrieta City Website

Murrieta City Directory

Murrieta Crime Maps

Murrieta Statistics, Demographics, & Info

Murrieta Real Estate

Murrieta School info

Murrieta Wiki

Murrieta Home Loan information

FHA Home loans in Murrieta, California:

FHA Home Loans require just 3.5% downpayment

FHA Jumbo Loans up to $500,000 (aka FHA High Balance)

The $500,000 is the base loan amount - the Murrieta FHA Loan Limit of $500,000 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 Murrieta, California:

Active Duty Military and Veterans can both qualify

100% financing up to $417,00

A $500K Murrieta 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

Conforming Home Loans in Murrieta, California:

Available up to $500,000 with the Conforming High Balance (aka conforming Jumbo)

Murrieta Conforming loans available up to $417,000

require a minimum of 10% downpayment or up to 90% 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.

Murrieta Zip codes include 92562, 92563, and 92564. Murrieta Area codes include the 951 area code, and to the east is the 442 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, Murrieta, San Marcos, Oceanside, Vista, Escondido, Fallbrook, Bonsall, San Diego, Rancho Bernardo, Poway,Encinitas, Carmel Valley, Scripps Ranch, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Murrieta, Murrieta, and Valley Center. 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).

Sunday, April 4, 2010

San Francisco VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender.

San Francisco 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 San Francisco. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for San Francisco Homebuyers and San Francisco 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

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

San Francisco VA Loans are available up to $962,500 with zero downpayment. The San Francisco VA Loan Limit in 2010 is $962,500. However, Veterans are not limited to the San Francisco Loan limit of $962,500 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.

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

San Francisco is located in Northern California. It is the heart and sould of the San Francisco Bay Area. Sharing a long history in the discovery, settlement, and development of California.

Here are some links to local San Francisco information:

San Francisco City Website

San Francisco Crime Maps

San Francisco Statistics, Demographics, & Info

San Francisco Real Estate

San Francisco School info

San Francisco Wiki

San Francisco Home Loan information

FHA Home loans in San Francisco, 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 San Francisco 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 San Francisco, California:

Active Duty Military and Veterans can both qualify

100% financing up to $962,500

A $1.1M San Francisco Home Purchase would only require $34,375 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 San Francisco, California:

Available up to $729,750 with the Conforming High Balance (aka conforming Jumbo)

San Francisco Conforming loans available up to $417,000

require a minimum of 10% downpayment or up to 90% 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 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. Visit us at www.vandykfunding.com or 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, San Francisco, San Diego, San Jose, Los Angeles, ventura, Riverside, Oakland, Fremont, Sunnyvale, San Mateo, Oceanside, Vista, Escondido,, 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).

San Jose VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender.

San Jose 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 San Jose. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for San Jose Homebuyers and San Jose 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

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

San Jose VA Loans are available up to $633,750 with zero downpayment. The San Jose VA Loan Limit in 2010 is $633,750. However, Veterans are not limited to the San Jose Loan limit of $633,750 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.

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

San Jose is located in Northern California in the San Francisco Bay Area. It is home to Silicon valley and is the County Seat for Santa Clara County.

Here are some links to local San Jose information:

San Jose City Website

San Jose Crime Maps

San Jose Statistics, Demographics, & Info

San Jose Real Estate

San Jose School info

San Jose Wiki

San Jose Home Loan information

FHA Home loans in San Jose, 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 San Jose 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 San Jose, California:

Active Duty Military and Veterans can both qualify

100% financing up to $633,750

A $800K San Jose Home Purchase would only require $41,562 downpayment (5.2%) - 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 San Jose, California:

Available up to $729,750 with the Conforming High Balance (aka conforming Jumbo)

San Jose Conforming loans available up to $417,000

require a minimum of 10% downpayment or up to 90% 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.

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 Jose, San Diego, San Francisco, Oceanside, Vista, Escondido, Fallbrook, Bonsall, San Marcos, Rancho Bernardo, Poway, Santa Clara, Carmel Valley, Scripps Ranch, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Temecula, Murrieta, and Valley Center. 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).