Conventional Condo Financing with 5% down in California - California Condo loans with 95% Conventional Loan
We offer Conventional Loans with 5% down payment to finance Condo's in California
VanDyk Mortgage offers Conventional Purchase loans for Condominiums up to $417,000 with just a 5% down payment.
Here are some basic details:
California and Washington state are now eligible for our Conventional Fannie Mae Condo Loans up to 95% Loan to Value - Only 5% down payment is required. We do not consider CA a declining market, so we are able to offer these enhance financing options for Conventional loans.
- Minimum credit score = 680
- Maximum Debt Ratio = 41%
- Loan amounts up to $417,000 (purchase price up to $438K with 5% down).
If you don't have a 680 middle score, or have a slightly higher debt ratio, we can still help with our FHA Loans. If your purchase price is higher than $438K, FHA Jumbo may be able to help as well.
Give us a call to get started - 760-752-4480.
