We now offer 95% financing in California with no MI on select homes
When you purchase a Fannie Mae Owned Foreclosure Property, you may be eligible for our new
Fannie Foreclosure Mover Loan. This new loan allows you to finance up to 95% of the Purchase price with ZERO Mortgage Insurance (MI).
Loan amounts up to $417K are eligible up to 95%.
This is even available in California with these terms.
There are no Declining Market restrictions on this loan program.
We also offer these for the High Balance or Conforming Jumbo Loan sizes up to 90% of the purchase price of the home. This would help homebuyers looking at Fannie Mae properties in Los Angeles with loans up to $729,750, San Jose up to $729,750, San Francisco up to $729,750, San Diego up to $697,500. For more details on the higher 2009 loan limits just released, click here.
Call today: 760-752-4480 - Brian Skaar - VanDyk Mortgage - Direct Lenders - Direct Savings.
We offer this program in all of our loan markets: California, San Diego, San Marcos, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County.
Saturday, March 14, 2009
Good News: We now allow you to have up to 10 financed Properties!
Good News: New Rules for those with Multiple financed properties - We now allow you to have up to 10 financed Properties! You can get new financing on your Primary Home, Second Home or Investment property now.
For many Real Estate Investors, the past couple of years have been difficult. Especially due to the GSE's rule that you can only have 4 financed properties maximum.
I must now repeat the Good News: We now allow you to have up to 10 financed Properties!
We have some new changes with our loan programs this month that may be able to help you out with this situation. The new rules allow you to own up to 10 financed properties (no limit on total properties, just financed properties). There are some additional guideline hoops to jump through to qualify.
If the property being financed is your primary home, we have no limit on the total number of properties financed.
Fico score - must be 720+ mid score.
All of these loans must be Full Income Documentation. No exceptions.
You do need to have 6 months of PITI payments in liquid/cash reserves for all financed properties. For example if you have 3 properties with a monthly PITI of $2000 each, you would need to have 6 months x $2000 x 3 properties or $36,000 in cash/liquid reserves.
For help with this loan or other Multiple property loan scenarios, give me a call at 866-900-2342 toll free, ask for Brian Skaar. Or apply via our website at www.vandykfunding.com.
These loans are available up to the 2009 Loan limits for your area. Check out the new 2009 loan limits here.
We offer financing in many states including: California, Texas, Georgia, Florida, & many more.
VanDyk Mortgage is a Direct Lender offering conventional, FHA, VA, USDA, & Jumbo loans.
For many Real Estate Investors, the past couple of years have been difficult. Especially due to the GSE's rule that you can only have 4 financed properties maximum.
I must now repeat the Good News: We now allow you to have up to 10 financed Properties!
We have some new changes with our loan programs this month that may be able to help you out with this situation. The new rules allow you to own up to 10 financed properties (no limit on total properties, just financed properties). There are some additional guideline hoops to jump through to qualify.
If the property being financed is your primary home, we have no limit on the total number of properties financed.
Fico score - must be 720+ mid score.
All of these loans must be Full Income Documentation. No exceptions.
You do need to have 6 months of PITI payments in liquid/cash reserves for all financed properties. For example if you have 3 properties with a monthly PITI of $2000 each, you would need to have 6 months x $2000 x 3 properties or $36,000 in cash/liquid reserves.
For help with this loan or other Multiple property loan scenarios, give me a call at 866-900-2342 toll free, ask for Brian Skaar. Or apply via our website at www.vandykfunding.com.
These loans are available up to the 2009 Loan limits for your area. Check out the new 2009 loan limits here.
We offer financing in many states including: California, Texas, Georgia, Florida, & many more.
VanDyk Mortgage is a Direct Lender offering conventional, FHA, VA, USDA, & Jumbo loans.
Sunday, March 8, 2009
Revised 2009 FHA Loan Limits now available
With the recent Stimulus bill passed in Congress & the Senate were provisions to return the FHA Loan Limits back to the higher levels of 2008. These higher loan limits are available immediately with VanDyk Mortgage for our FHA Jumbo Purchase Loans, FHA Jumbo Refinance loans, FHA Jumbo Streamline Refinance loans, and FHA Cash out Refinance Loans.
The revised 2009 FHA loan limits return the high end to $729,750 in higher cost counties such as Los Angeles, Santa Clara, San Francisco, Orange County, and more. San Diego County returns to a max 2009 FHA Loan Limit of $697,500.
Some of the big banks are not offering these revised loan limits yet, but VanDyk Mortgage is offering the revised 2009 Loan Limits effective immediately.
Click here to access the revised 2009 FHA Loan limits for your county.
VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. VanDyk Mortgage is also a Proud VA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar at 760-752-4480 for help with your FHA loan.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.
We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, CA, WA, GA, FL, MO, MI, TX, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County. VanDyk Mortgage is your FHA Lender & VA Lender of choice.
The revised 2009 FHA loan limits return the high end to $729,750 in higher cost counties such as Los Angeles, Santa Clara, San Francisco, Orange County, and more. San Diego County returns to a max 2009 FHA Loan Limit of $697,500.
Some of the big banks are not offering these revised loan limits yet, but VanDyk Mortgage is offering the revised 2009 Loan Limits effective immediately.
Click here to access the revised 2009 FHA Loan limits for your county.
VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. VanDyk Mortgage is also a Proud VA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar at 760-752-4480 for help with your FHA loan.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.
We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, CA, WA, GA, FL, MO, MI, TX, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County. VanDyk Mortgage is your FHA Lender & VA Lender of choice.
Sunday, February 8, 2009
Changes to limits on number of properties financed
There have been many changes in lending the past couple of years and this post will deal with the maximum number of properties financed. Here is a quick guide to our rules on this:
Fannie Mae (FNMA) and Freddie Mac (FHLMC) have a limitation of 4 maximum properties that are financed. We interpret the rule as follows: If the subject property ( the home you are financing) is a second home or investment home, you can only have a maximum of 4 financed properties. If the home you are financing is your Primary Residence, we do not limit the number of properties that you have financing on.
Summed up: If you are purchasing or refinancing your primary residence, We do not limit the total number of properties that you have current financing on.
For VA & FHA loans, VanDyk Mortgage does not have limitations on the total number of properties you have financed. Keep in mind that you are limited on how many FHA Loans you can have outstanding at one time, and also how many VA loans you can have outstanding at one time. If you have had a FHA or VA loan that have been paid off or refinanced into another type of loan, you can reinstate your eligibility for FHA or VA financing again. Call us for details.
Coming soon: Fannie Mae is changing it's guidelines to allow those purchasing or refinancing Investment properties & second homes to allow up to TEN financed properties. stay tuned!
VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. VanDyk Mortgage is also a Proud VA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar at 760-752-4480 for help with your FHA loan.
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.
We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, CA, WA, GA, FL, MO, MI, TX, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County. VanDyk Mortgage is your FHA Lender & VA Lender of choice.
Fannie Mae (FNMA) and Freddie Mac (FHLMC) have a limitation of 4 maximum properties that are financed. We interpret the rule as follows: If the subject property ( the home you are financing) is a second home or investment home, you can only have a maximum of 4 financed properties. If the home you are financing is your Primary Residence, we do not limit the number of properties that you have financing on.
Summed up: If you are purchasing or refinancing your primary residence, We do not limit the total number of properties that you have current financing on.
For VA & FHA loans, VanDyk Mortgage does not have limitations on the total number of properties you have financed. Keep in mind that you are limited on how many FHA Loans you can have outstanding at one time, and also how many VA loans you can have outstanding at one time. If you have had a FHA or VA loan that have been paid off or refinanced into another type of loan, you can reinstate your eligibility for FHA or VA financing again. Call us for details.
Coming soon: Fannie Mae is changing it's guidelines to allow those purchasing or refinancing Investment properties & second homes to allow up to TEN financed properties. stay tuned!
VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. VanDyk Mortgage is also a Proud VA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar at 760-752-4480 for help with your FHA loan.
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.
We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, CA, WA, GA, FL, MO, MI, TX, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County. VanDyk Mortgage is your FHA Lender & VA Lender of choice.
FHA refinances - OK to leave second mortgage in place
FHA refinance - what do I do with my second mortgage?
Answer: FHA refinances - OK to leave second mortgage in place.
With many American families losing equity in their homes, and the loose lending practices of the past few years by the big banks, FHA home loans have become the standard again for both Homebuyers and Home owners wishing to refinance.
One of the myth's about FHA financing is that it is for First Time Home Buyers to purchase homes only. The mission of the FHA (Federal Housing Administration), which is supervised by HUD is to help American Families achieve & maintain homeownership. Achieve = FHA Purchase, Maintain = FHA Refinance.
Many families purchased homes during the past few years using a 80/20 combination loan, utilizing a first mortgage / second mortgage combo to reduce the downpayment requirement. With home values dropping in many areas, families may be upside down, and may have been told by their bank that they cannot refinance their first mortgage since their isn't enough equity in the home to also pay off the second mortgage. Enter FHA. With FHA loans, we can refinance your first mortgage into a safe, secure FHA fixed rate mortgage and leave your second mortgage in place.
One caveat: your second mortgage lender must agree to "resubordinate" their second lien behind the new FHA Loan. Many second lien lenders are willing to do this (resubordinate behind a new FHA Loan), as they want to protect their investment. Their unwillingness may lead to more families making the difficult decision to sell via Short Sale or let their home go into foreclosure. In these cases, the second lien holder often receives little or no money, as the home has dropped in value.
The FHA refinance offers stability, security, and safety for homeowners.
Here is an example of how this works:
Joe & Suzy Homeowner bought their home for $400K in 2004 with a 80/20 loan. First Mortgage is a 5yr adjustable rate mortgage (ARM) for $320K, and the second is a fixed rate second at $80K. Their first mortgage is approaching the first Rate Adjustment Change in 2009, and they don't feel they can afford the new payment. ** CALL US NOW, before you get into trouble! Their home is now worth $340K, so their big bank tells them they do not have a refinance option due to lack of equity in their home. Enter the FHA experts at VanDyk Mortgage. We refinance your First Mortgage into a safe, secure, Fixed rate FHA Loan, and negotiate with the second lien holder to resubordinate behind the new FHA Loan.
Summed up: We can refinance your first mortgage into a new FHA Loan and leave the existing second mortgage in place. The Combined Loan to Value (CLTV) of your FHA loan and existing second mortgage can exceed 100% of your homes value.
Please call for details, 866-900-2342 toll free - ask for Brian Skaar.
VanDyk Mortgage has been making FHA 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 www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your FHA Streamline or FHA purchase loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, and every other city in California.
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 203K Streamline Rehab loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA mortgages of all types. We offer FHA & VA loans in California, Georgia, Texas, Washington, & More. Visit us at www.vandykfunding.com to get started or just find out more.
Answer: FHA refinances - OK to leave second mortgage in place.
With many American families losing equity in their homes, and the loose lending practices of the past few years by the big banks, FHA home loans have become the standard again for both Homebuyers and Home owners wishing to refinance.
One of the myth's about FHA financing is that it is for First Time Home Buyers to purchase homes only. The mission of the FHA (Federal Housing Administration), which is supervised by HUD is to help American Families achieve & maintain homeownership. Achieve = FHA Purchase, Maintain = FHA Refinance.
Many families purchased homes during the past few years using a 80/20 combination loan, utilizing a first mortgage / second mortgage combo to reduce the downpayment requirement. With home values dropping in many areas, families may be upside down, and may have been told by their bank that they cannot refinance their first mortgage since their isn't enough equity in the home to also pay off the second mortgage. Enter FHA. With FHA loans, we can refinance your first mortgage into a safe, secure FHA fixed rate mortgage and leave your second mortgage in place.
One caveat: your second mortgage lender must agree to "resubordinate" their second lien behind the new FHA Loan. Many second lien lenders are willing to do this (resubordinate behind a new FHA Loan), as they want to protect their investment. Their unwillingness may lead to more families making the difficult decision to sell via Short Sale or let their home go into foreclosure. In these cases, the second lien holder often receives little or no money, as the home has dropped in value.
The FHA refinance offers stability, security, and safety for homeowners.
Here is an example of how this works:
Joe & Suzy Homeowner bought their home for $400K in 2004 with a 80/20 loan. First Mortgage is a 5yr adjustable rate mortgage (ARM) for $320K, and the second is a fixed rate second at $80K. Their first mortgage is approaching the first Rate Adjustment Change in 2009, and they don't feel they can afford the new payment. ** CALL US NOW, before you get into trouble! Their home is now worth $340K, so their big bank tells them they do not have a refinance option due to lack of equity in their home. Enter the FHA experts at VanDyk Mortgage. We refinance your First Mortgage into a safe, secure, Fixed rate FHA Loan, and negotiate with the second lien holder to resubordinate behind the new FHA Loan.
Summed up: We can refinance your first mortgage into a new FHA Loan and leave the existing second mortgage in place. The Combined Loan to Value (CLTV) of your FHA loan and existing second mortgage can exceed 100% of your homes value.
Please call for details, 866-900-2342 toll free - ask for Brian Skaar.
VanDyk Mortgage has been making FHA 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 www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your FHA Streamline or FHA purchase loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, and every other city in California.
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 203K Streamline Rehab loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA mortgages of all types. We offer FHA & VA loans in California, Georgia, Texas, Washington, & More. Visit us at www.vandykfunding.com to get started or just find out more.
Renovation Loans - The solution for REO's, Bank owned, & foreclosures
VanDyk Mortgage is proud to offer our Homestyle Renovation loan. This is a conventional loan that can help you finance the renovation of a new home purchase, or an existing home with a Refinance that includes monies to fix, repair, rehab or renovate your home.
You will qualify for this loan much like a standard Conventional Conforming loan. The nice aprt is that you can add in funds to your loan amount to complete small (minimum $15,000) to large amount (maximum $250,000) renovation projects.
The Scope of work for the Rehabilitiation or Renovation project can include virtually anything that will bring a house to your specs or meet your dreams.
These loans are available up to the Conforming limit of $417,000. We do require a Full Builder Third party contract for completion of the work, no owner-builder or family-builder option is available at this time. You are required to make all normal payments during the construction period.
These loans are a great alternative to the FHA 203K rehab loan. In addition, if you have 20% down payment, you will avoid Mortgage Insurance with the Homestyle renovation loan.
This is a fantastic way to purchase a Bank Owned, REO, Foreclosure, Short Sale, Tax sale, probate sale, or otherwise distressed property, and include the funds to renovate & rehabilitate the property to like new condition (or better in many cases!). This loan does not require a HUD Consultant inspection, however project review & quality appraisal work is required.
The VanDyk HomeStyle Renovation loan is available for primary homes, second homes, investment homes, Single family, duplex (2 unit), triplex (3 unit), fourplex (4 unit), condo's, & PUD's.
Apply online at www.vandykfunding.com. Call the Renovation & Government Loan experts to find out how to structure your next purchase.
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 203K Streamline Rehab loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA mortgages of all types. We also offer Direct Lender Loans such as Conforming Fixed, Super Conforming Fixed, Jumbo, USDA, Homestyle Renovation Loans, the VanDyk Rehab loan, and more. We offer conforming, FHA & VA loans in California, Georgia, Texas, Washington, & More. Visit us at www.vandykfunding.com to get started or just find out more.
You will qualify for this loan much like a standard Conventional Conforming loan. The nice aprt is that you can add in funds to your loan amount to complete small (minimum $15,000) to large amount (maximum $250,000) renovation projects.
The Scope of work for the Rehabilitiation or Renovation project can include virtually anything that will bring a house to your specs or meet your dreams.
These loans are available up to the Conforming limit of $417,000. We do require a Full Builder Third party contract for completion of the work, no owner-builder or family-builder option is available at this time. You are required to make all normal payments during the construction period.
These loans are a great alternative to the FHA 203K rehab loan. In addition, if you have 20% down payment, you will avoid Mortgage Insurance with the Homestyle renovation loan.
This is a fantastic way to purchase a Bank Owned, REO, Foreclosure, Short Sale, Tax sale, probate sale, or otherwise distressed property, and include the funds to renovate & rehabilitate the property to like new condition (or better in many cases!). This loan does not require a HUD Consultant inspection, however project review & quality appraisal work is required.
The VanDyk HomeStyle Renovation loan is available for primary homes, second homes, investment homes, Single family, duplex (2 unit), triplex (3 unit), fourplex (4 unit), condo's, & PUD's.
Apply online at www.vandykfunding.com. Call the Renovation & Government Loan experts to find out how to structure your next purchase.
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 203K Streamline Rehab loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA mortgages of all types. We also offer Direct Lender Loans such as Conforming Fixed, Super Conforming Fixed, Jumbo, USDA, Homestyle Renovation Loans, the VanDyk Rehab loan, and more. We offer conforming, FHA & VA loans in California, Georgia, Texas, Washington, & More. Visit us at www.vandykfunding.com to get started or just find out more.
Rehab Loans for Investors
Rehab Loans for Investors - Buy, fix, & sell homes.
We now have a source that offers Investors the Cash to purchase & rehabilitate homes. With this loan, you can buy the home and get the funds for the rehab project all in one loan.
Let's say you have found a home for sale that is in dire need of serious work. It needs a new roof, kitchen remodel, bathroom remodel, etc. The home is available for $110K. Let's assume that if it was in good shape it would be worth $200K. It needs 35K in repairs. This rehab loan can lend you the money to buy it ($110K) and the money to repair it ($35K) all in one shot.
After completion of one successful Rehab project and subsequent sale of property, you may qualify for an open line of credit to purchase more projects to rehab & sell.
This loan is a key ingredient for Home Flippers. It gives you the financing help to make your project successful & profitable.
These loans are not designed for owner occupied or second homes. Investment properties only, and 1-4 unit residential properties. This loan has no prepayment penalty.
The initial key to how much you can borrow is up to 75% of the After Rehab Value. (50% of the ARV in Detroit & select other markets).
Call us to get started - 760-752-4480 or send us an email at rehab@vandykfunding.com.
We now have a source that offers Investors the Cash to purchase & rehabilitate homes. With this loan, you can buy the home and get the funds for the rehab project all in one loan.
Let's say you have found a home for sale that is in dire need of serious work. It needs a new roof, kitchen remodel, bathroom remodel, etc. The home is available for $110K. Let's assume that if it was in good shape it would be worth $200K. It needs 35K in repairs. This rehab loan can lend you the money to buy it ($110K) and the money to repair it ($35K) all in one shot.
After completion of one successful Rehab project and subsequent sale of property, you may qualify for an open line of credit to purchase more projects to rehab & sell.
This loan is a key ingredient for Home Flippers. It gives you the financing help to make your project successful & profitable.
These loans are not designed for owner occupied or second homes. Investment properties only, and 1-4 unit residential properties. This loan has no prepayment penalty.
The initial key to how much you can borrow is up to 75% of the After Rehab Value. (50% of the ARV in Detroit & select other markets).
Call us to get started - 760-752-4480 or send us an email at rehab@vandykfunding.com.
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