Government Loan Pros - FHA, VA, and USDA Rural Home Loans

Friday, January 27, 2012

VA Loan Limits for California for 2012

VA Loan Limits for California for 2012

The VA has announced 2012 VA Loan Limits that become 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

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Sunday, September 4, 2011

Ventura County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

Ventura County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Ventura County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for Ventura County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

Ventura County VA Loans are available up to $562,500 with Zero down payment required. The Ventura County VA Loan Limit in 2011 is $562,500. We do not limit Veterans to the County Loan limit of $562,500 for Ventura County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in Ventura County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $562,500
A $562,500 Ventura County VA Home Purchase would only require a $3,125 down payment ( .54%) - not including the VA Funding Fee
A $650,000 Ventura VA Home Purchase would only require $21,875 down payment ( 3.37%) - not including the VA Funding Fee
A $825,000 Ventura VA Home or Condominium Purchase would require a $65,625 ( 7.95%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Ventura county: Camarillo, Fillmore, Moorpark, Ojai, Oxnard, Port Hueneme, San Buenaventura, Santa Paula, Simi Valley, Thousand Oaks, Venturs, and all areas within the county as well.

San Mateo County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

San Mateo County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in San Mateo County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for San Mateo County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

San Mateo County VA Loans are available up to $1,000,000 with Zero down payment required. The San Mateo County VA Loan Limit in 2011 is $1,000,000. We do not limit Veterans to the County Loan limit of $1,000,000 for San Mateo County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in San Mateo County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $1,000,000
A $1,000,000 San Mateo County VA Home Purchase would only require a $25,000 down payment ( 2.27%) - not including the VA Funding Fee
A $1,225,000 San Mateo VA Home Purchase would only require $56,250 down payment ( 4.59%) - not including the VA Funding Fee
A $1,500,000 San Mateo VA Home or Condominium Purchase would require a $125,000 ( 8.33%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in San Mateo county: Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo, South San Francisco, Woodside, and all other areas within the county as well.

Santa Clara County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

Santa Clara County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Santa Clara County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for Santa Clara County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Jumbo Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

Santa Clara County VA Loans are available up to $843,750 with Zero down payment required. The Santa Clara County VA Loan Limit in 2011 is $843,750. We do not limit Veterans to the County Loan limit of $843,750 for Santa Clara County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in Santa Clara County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $843,750
A $843,750 Santa Clara County VA Home Purchase would only require a $11,563 down payment ( 1.3 %) - not including the VA Funding Fee
A $975,000 Santa Clara VA Home Purchase would only require $32,813 down payment ( 3.37%) - not including the VA Funding Fee
A $1,200,000 Santa Clara VA Home or Condominium Purchase would require a $89,063 ( 7.42%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Santa Clara county: Campbell, Cupertino, Los Altos, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale, and all areas within the county as well.

Orange County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

Orange County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Orange County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for Orange County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Jumbo Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

Orange County VA Loans are available up to $700,000 with Zero down payment required. The Orange County VA Loan Limit in 2011 is $700,000. We do not limit Veterans to the County Loan limit of $700,000 for Orange County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in Orange County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $700,000
A $700,000 Orange County VA Home Purchase would only require a $15,000 down payment ( 1.97%) - not including the VA Funding Fee
A $850,000 Orange VA Home Purchase would only require $37,500 down payment ( 4.41%) - not including the VA Funding Fee
A $975,000 Orange VA Home or Condominium Purchase would require a $68,750 ( 7.05%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Orange county: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Ranch Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, and all areas within the county as well.

Los Angeles County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

Los Angeles County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Los Angeles County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for Los Angeles County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

Los Angeles County VA Loans are available up to $700,000 with Zero down payment required. The Los Angeles County VA Loan Limit in 2011 is $700,000. We do not limit Veterans to the County Loan limit of $700,000 for Los Angeles County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
If your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in Los Angeles County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $700,000
A $700,000 Los Angeles County VA Home Purchase would only require a $12,500 down payment ( 1.67%) - not including the VA Funding Fee
A $860,000 Los Angeles VA Home Purchase would only require $40,000 down payment ( 4.65%) - not including the VA Funding Fee
A $1,100,000 Los Angeles VA Home or Condominium Purchase would require a $100,000 ( 9.09%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Los Angeles county: Agoura Hills, Alhambra, Arcadia, Artesia, Avalon, Azusa, Baldwin Park, Bell, Bellflower, Bell Gardens, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardenia, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada, La Canada Flintridge, La Habra, La Habra Heights, Lakewood, La Mirada, Lancaster, La Puente, La Verne, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sheman Oaks, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whitter, and all areas within the county as well.

San Francisco County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

San Francisco County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in San Francisco County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for San Francisco County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Jumbo Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

San Francisco County VA Loans are available up to $1,000,000 with Zero down payment required. The San Francisco County VA Loan Limit in 2011 is $1,000,000. We do not limit Veterans to the County Loan limit of $1,000,000 for San Francisco County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in San Francisco County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $1,000,000
A $1,000,000 San Francisco County VA Home Purchase would only require a $25,000 down payment ( 2.27%) - not including the VA Funding Fee
A $1,275,000 San Francisco VA Home Purchase would only require $68,750 down payment ( 5.39%) - not including the VA Funding Fee
A $1,500,000 San Francisco VA Home or Condominium Purchase would require a $125,000 ( 8.33%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

San Diego County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

San Diego County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in San Diego County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for San Diego County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Jumbo Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

San Diego County VA Loans are available up to $537,500 with Zero down payment required. The San Diego County VA Loan Limit in 2011 is $537,500. We do not limit Veterans to the County Loan limit of $537,500 for San Diego County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in San Diego County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $537,500
A $537,500 San Diego County VA Home Purchase would only require a $5,625 down payment ( 1. %) - not including the VA Funding Fee
A $650,000 San Diego VA Home Purchase would only require $28,125 down payment ( 4.33%) - not including the VA Funding Fee
A $850,000 San Diego VA Home or Condominium Purchase would require a $78,125 ( 9.19%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in San Diego county: Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Jolla, La Mesa, Lemon Grove, Mira Mesa, National City, Oceanside, Poway,Rancho Penasquitos, Rancho Bernardo, San Diego, San Marcos, Scripps Ranch, Valley Center, Ramona, Santee, Solana Beach, Vista, Bonsall, Pala, Warner Springs, Alpine, Jamul, Spring Valley, Otai Mesa, East Lake, San Ysidro, Tierra Santa, and all areas within the county as well.

San Bernardino County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

San Bernardino County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in San Bernardino County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for San Bernardino County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

San Bernardino County VA Loans are available up to $417,000 with Zero down payment required. The San Bernardino County VA Loan Limit in 2011 is $417,000. We do not limit Veterans to the County Loan limit of $417,000 for San Bernardino County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in San Bernardino County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $417,000
A $417,000 San Bernardino County VA Home Purchase would only require a $10,750 down payment ( 2.34%) - not including the VA Funding Fee
A $580,000 San Bernardino VA Home Purchase would only require $40,750 down payment ( 7.03%) - not including the VA Funding Fee
A $725,000 San Bernardino VA Home or Condominium Purchase would require a $77,000 (10.62%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in San Bernardino county: Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Fontana, Grand Terrace, Hesperia, Highland, Loma Linda, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, 29 Palms, Upland, Victorville, Yucaipa, Yucca Valley, and all areas within the county as well.

Sacramento County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

Sacramento County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Sacramento County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for Sacramento County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

Sacramento County VA Loans are available up to $417,000 with Zero down payment required. The Sacramento County VA Loan Limit in 2011 is $417,000. We do not limit Veterans to the County Loan limit of $417,000 for Sacramento County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in Sacramento County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $417,000
A $417,000 Sacramento County VA Home Purchase would only require a $14,500 down payment ( 3.05%) - not including the VA Funding Fee
A $625,000 Sacramento VA Home Purchase would only require $52,000 down payment ( 8.32%) - not including the VA Funding Fee
A $950,000 Sacramento VA Home or Condominium Purchase would require a $133,250 (14.03%) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and
VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Sacramento county: Citrus Heights, Elk Grove, Folsom, Galt, Isleton, Rancho Cordova, Sacramento, and all areas within the county as well.

Riverside County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

Riverside County VA and VA Jumbo Loan info - Direct Lender – VA Purchase, VA Refinance, and VA IRRRL Streamline Refinance

VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Riverside County, CA. We have been helping Veterans with VA loans since 1987. VanDyk Mortgage is a Direct Lender offering VA and VA Jumbo Loans. We offer many VA loan programs for Riverside County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes, as well as Streamline Refinance using the VA IRRRL Program.

· VA Loans (Purchase and Refinance)
· VA Jumbo Loans (Purchase and Refinance)
· VA Loans for Condo's (Purchase and Refinance)
· VA Streamline Refinance (IRRRL)
· VA Jumbo Streamline Refinance (IRRRL)

Riverside County VA Loans are available up to $417,000 with Zero down payment required. The Riverside County VA Loan Limit in 2011 is $417,000. We do not limit Veterans to the County Loan limit of $417,000 for Riverside County VA Jumbo Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment 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.
Even if your current VA Loan exceeds the VA County limit, we can help you utilize the VA IRRRL Streamline Refinance, we offer VA IRRRL Streamlines even when loan amount exceeds your VA County Loan Limit.
VA Home Loans in Riverside County, California:

Active Duty Military and Veterans can both qualify
100% financing up to $417,000
A $417,000 Riverside County VA Home Purchase would only require a $8,250 down payment ( 1.83%) - not including the VA Funding Fee
A $575,000 Riverside VA Home Purchase would only require $39,500 down payment ( 6.87%) - not including the VA Funding Fee
A $750,000 Riverside VA Home or Condominium Purchase would require a $83,250 (11.1 %) 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 Approved Condo's can utilize VA Loans too
Your VA Benefit can be used more than once

VA Loans can be used to purchase multi family 2-4 unit homes (2-unit, 3-unit, 4-unit, Duplex, Triplex, Fourplex). (Refinance also)

We offer VA financing on VA Approved Condo's. Here is a link to the new Veterans Administration VA Approved Condo Search Engine. Please call us if you have questions or need help with your VA Approved Condo search, we are here to help. We can also assist in getting your VA Condo Approved with the VA.
VanDyk Mortgage has been helping Veterans with VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender also. We are a VA Lender and VA Jumbo Lender. We offer VA Loans, VA Jumbo Loans, VA Condo Loans, VA Refinance Loans, VA Jumbo Refinance Loans, VA IRRRL Streamline Loans and VA Jumbo IRRRL Streamline Loans.

Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.

We service the following cities in Riverside county: Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Coachella, Corona, 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, and all areas within the county as well.

Monday, May 30, 2011

100 percent Home Loans - California Options for 2011

100 percent Home Loans - California Options for 2011

Two options for 100% Financing for California home buyers

Much has changed in the Mortgage industry in the past couple years, especially in regards to 100% financing, or no-money down loans to purchase a home.

We offer two US Government backed programs that allow for zero down, or no downpayment financing of your new home.

The VA Loan and the USDA Rural Development Loan both allow 100% financing and require no downpayment.

Learn more about our VA Loans and VA Jumbo Loans on our VA pages (click the links). VA Jumbo's are VA Loans for high cost markets that exceed the standard VA Loan Limit of $417K. These are available in Los Angeles, San Diego, Bay Area, Oakland, San Francisco, Orange County, Seattle, and many other cities. VA Loans require that you are an American Veteran or Active Duty US Military to qualify.

USDA - yes, the US Department of Agriculture, offers the USDA RD or Rural Development loan. Here is more info on the USDA RD Loan. These loans are for less densely populated areas, our USDA RD Loan Page has links to the property search tool to see if your future home may qualify for 100% USDA financing. There are also income limits for this program, but many families qualify.

Please give us a call to find out more and get started with your VA or USDA Home Financing. 760-752-4480 direct, ask for Brian Skaar.

We also offer Conventional Loans with 3% down in California, and FHA Loans with 3.5% down payment.

Wednesday, April 20, 2011

MIP, UFMIP, VAFF, PMI, LPMI What are all of these?

MIP, UFMIP, VAFF, PMI, LPMI What are all of these?

Quick and easy reference guide:

MIP = Mortgage Insurance Premium - this acronym is used for FHA's annual mortgage insurance premium, which is paid on a monthly basis as part of your Mortgage Payment.

UFMIP = Upfront Mortgage Insurance Premium - in addition to the annual MIP, FHA charges a one time UFMIP when your loan in originated. This helps to keep the monthly costs affordable by splitting the cost into two parts.

VAFF = VA Funding Fee. The VA doesn't require Mortgage Insurance, but it does fund the VA guarantee with their VAFF or VA Funding Fee. This ranges from .50% on a VA Irrrl Streamline refi to 3.3% on a subsequent use for purchase or refinance. Note- if you have a 10% VA Disability Rating you may be eligible to waive the VAFF.

PMI = Private Mortgage Insurance - This is mortgage insurance for Conventional loans such as Fannie Mae and Freddie Mac loans. This can be Monthly or one-time paid up front.

LPMI = Lender Paid Mortgage Insurance - This is where the lender pays your Mortgage Insurance as part of the rate, usually with a slightly higher rate. Definitely worth considering, call for a quote, this changes with the market very fast.

Please give us a call if we can answer your questions regarding the various types of Mortgage Insurance and Mortgage Guarantees available.

California Mortgage Outlook for April 20, 2011

California Mortgage Outlook for April 20, 2011

Our California Mortgage Outlook for this week remains strong (ie low rates continue). The past few Fridays, the mortgage bond market has been a little erratic, only to correct on Monday following the weekend. Holiday weekends always create a little action up or down in the markets, but the last two weeks action on Fridays leads me to believe that rates are ready to rise anytime. This will undoubtedly come without warning.

If you want to save money on your current loan, or purchase a home, there has never been a better time to purchase or refinance in California.

It is also important to consider Streamline Refinancing your FHA Loan now, as rates have never been lower and MIP changes are coming in early October which will make a FHA Streamline Refinance a little more expensive. In this article, we examined and discussed the reasons to Streamline your FHA Loan now.

The following types of loans would benefit from getting started this week:

FHA loans -Purchase, Refinance, or Streamline Refinance
VA Loans - Purchase, Refinance, or Streamline Refinance
Conforming Loans for purchase or refinance
Fannie Mae and Freddie Mac HARP loans - DU Refi + and Freddie Open Acceess -High Balance too
FHA Jumbo - Purchase, Refinance, or Streamline Refinance
VA Jumbo - Purchase, Refinance, or Streamline Refinance
Conforming Jumbo loans for Purchase or Refinance

Seattle Washington FHA refinance case study 2

Yesterday, we just posted a FHA Refinance Case Study for a loan over $417K, here is another Seatte Washington FHA Refinance Case Study to show another area where FHA can help Puget Sound area homeowners.

Let's say you live in Seattle, Washington. 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 Fannie Mae DU Refi +) due to the fact that it was a Non-conforming mortgage. 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 the Seattle Area, and their limit for a conventional loan is 90% in WA. Also, they have to 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.

The solution is a FHA Refinance for your Seattle, WA home.   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.

If you need a FHA Cash Out Refinance, you can consolidate debts, get cash for home improvements, 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.

VanDyk Mortgage is a Proud FHA 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 are your FHA & FHA Jumbo Direct Lender and VA & VA Jumbo Direct Lender and we offer FHA, FHA Jumbo, 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.

As a FHA & VA Lender, we offer FHA & VA Loans in all areas of California and Washington including the following areas for VA, FHA and Conventional loans:California,Southern California, Northern California, Washington,  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.