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

Thursday, March 4, 2010

Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program

Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program for conventional conforming loans.

The regulator for Government run Fannie Mae and Freddie Mac has authorized a 1 year extension on the HARP Refinance initiative until June 2011. This is also called the Home Affordable Refinance Program. This program allows homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications.

The Fannie Mae program is called Refi Plus or DU Refi Plus. This program allows several benefits to refinance:

> allows you to refinance your mortgage up to 125% of your current value

> allows for reduced income and asset documentation (definitely not stated income however)

> allows for appraisal waivers in some cases, saving you the time and expense of an appraisal

> allows you to take advantage of the low interest rates you may have missed out on!

> these are available up to the conforming loan limits for your county (see below for links)

The Freddie Mac program is called the Freddie Mac Relief program - Open Access. This program allows several benefits to refinance:

> allows you to refinance your mortgage up to 125% of your current value

> allows for reduced income and asset documentation (definitely not stated income however)

> allows you to take advantage of the low interest rates you may have missed out on!

> You are no longer restricted to using your current lender on your loan to complete your Freddie Mac Relief Refinance - We can help.

> these are available up to the conforming loan limits for your county (see below for links)

Click here for California Loan Limits

Click here For Washington Loan limits

For Washington State residents, we offer Conforming and Conforming Jumbo Loans for Single Family Homes up to $567,500 in King, Snohomish, and Pierce Counties. Up to $593,750 in San Juan County, and $475,000 in Kitsap County.

For California State residents, we offer Conforming and Conforming Jumbo (aka High Balance) for Single family Homes up to $697,500 in San Diego County, up to $729,750 in Los Angeles, Orange, Ventura, San Francisco, San Mateo, Santa Clara, Contra Costa, Alameda, Marin, Monterey, Napa, Santa Barbara, Santa Cruz, San Benito counties, up to $580,000 in Sacramento, Placer & El Dorado counties, Sonoma county up to $662,500, and up to $500,000 in Riverside and San Bernardino counties.

VanDyk Mortgage is a Direct Lender. To get started, contact us at 760-752-4480 (Brian Skaar Direct), or apply online at http://www.vandykfunding.com/.

Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program

Saturday, February 27, 2010

WA Loan Limits for 2010 Conventional Loans

2010 Washington FNMA & FHLMC - WA Fannie Mae & Freddie Mac Loan limits 2010

Fannie Mae & Freddie Mac have retained the expanded 2009 loan limits for 2010. The standard conventional loan limit remains at $417K accross the USA. This is also called the Conforming Loan Limit ($417K). High Cost Areas have loan limits based on the new formula in the 2008 housing bill passed in July of 2008, and are also called Conforming Jumbo, High Balance, or Super Conforming loans.

There are different ratios and loan to value ratios for the Fannie Mae & Freddie Mac loans that exceed the standard limit of $417K. They require a minimum of 10% down payment (or equity in a refinance) and a maximum debt ratio of 45%.

We also posted updates regarding the 2010 Washington FHA loan limits here

We offer Conforming Jumbo Loans for Single Family Homes up to $567,500 in King, Snohomish, and Pierce Counties. Up to $593,750 in San Juan County, and $475,000 in Kitsap County.

Check out the Loan limits for 2010 in your County:

County Name Single Family Duplex Tri-plex Four-plex

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ADAMS $417,000 $533,850 $645,300 $801,950

NON-METRO

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ASOTIN $417,000 $533,850 $645,300 $801,950

LEWISTON, ID-WA (MSA)

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BENTON $417,000 $533,850 $645,300 $801,950

KENNEWICK-RICHLAND-PASCO, WA (MSA)

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CHELAN $417,000 $533,850 $645,300 $801,950

WENATCHEE, WA (MSA)

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CLALLAM $417,000 $533,850 $645,300 $801,950

PORT ANGELES, WA (MICRO)

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CLARK $418,750 $536,050 $648,000 $805,300
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)

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COLUMBIA $417,000 $533,850 $645,300 $801,950

NON-METRO

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COWLITZ $417,000 $533,850 $645,300 $801,950

LONGVIEW, WA (MSA)

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DOUGLAS $417,000 $533,850 $645,300 $801,950
WENATCHEE, WA (MSA)

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FERRY $417,000 $533,850 $645,300 $801,950
NON-METRO

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FRANKLIN $417,000 $533,850 $645,300 $801,950
KENNEWICK-RICHLAND-PASCO, WA (MSA)

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GARFIELD $417,000 $533,850 $645,300 $801,950
NON-METRO

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GRANT $417,000 $533,850 $645,300 $801,950
MOSES LAKE, WA (MICRO)

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GRAYS HARBOR $417,000 $533,850 $645,300 $801,950
ABERDEEN, WA (MICRO)

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ISLAND $417,000 $533,850 $645,300 $801,950
OAK HARBOR, WA (MICRO)

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JEFFERSON $437,500 $560,050 $677,000 $841,350
NON-METRO

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KING $567,500 $726,500 $878,150 $1,091,350
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION

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KITSAP $475,000 $608,100 $735,050 $913,450
BREMERTON-SILVERDALE, WA (MSA)

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KITTITAS $417,000 $533,850 $645,300 $801,950
ELLENSBURG, WA (MICRO)

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KLICKITAT $417,000 $533,850 $645,300 $801,950
NON-METRO

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LEWIS $417,000 $533,850 $645,300 $801,950

CENTRALIA, WA (MICRO)

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LINCOLN $417,000 $533,850 $645,300 $801,950
NON-METRO

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MASON $417,000 $533,850 $645,300 $801,950

SHELTON, WA (MICRO)

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OKANOGAN $417,000 $533,850 $645,300 $801,950
NON-METRO

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PACIFIC $417,000 $533,850 $645,300 $801,950
NON-METRO

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PEND OREILLE $417,000 $533,850 $645,300 $801,950
NON-METRO

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PIERCE $567,500 $726,500 $878,150 $1,091,350
TACOMA, WA METROPOLITAN DIVISION

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SAN JUAN $593,750 $760,100 $918,800 $1,141,850
NON-METRO

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SKAGIT $417,000 $533,850 $645,300 $801,950
MOUNT VERNON-ANACORTES, WA (MSA)

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SKAMANIA $418,750 $536,050 $648,000 $805,300
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)

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SNOHOMISH $567,500 $726,500 $878,150 $1,091,350
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION

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SPOKANE $417,000 $533,850 $645,300 $801,950
SPOKANE, WA (MSA)

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STEVENS $417,000 $533,850 $645,300 $801,950

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THURSTON $417,000 $533,850 $645,300 $801,950

OLYMPIA, WA (MSA)

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WAHKIAKUM $417,000 $533,850 $645,300 $801,950
NON-METRO

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WALLA WALLA $417,000 $533,850 $645,300 $801,950
WALLA WALLA, WA (MICRO)

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WHATCOM $417,000 $533,850 $645,300 $801,950
BELLINGHAM, WA (MSA)

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WHITMAN $417,000 $533,850 $645,300 $801,950
PULLMAN, WA (MICRO)

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YAKIMA $417,000 $533,850 $645,300 $801,950
YAKIMA, WA (MSA)

VanDyk is proud to be a FHA Full Eagle Direct Endorsement Lender. What is that? We are a FHA Direct lender with the full support of HUD, the US Department of Housing & Urban Development. We offer FHA loans in all areas of Washington State for Purchase, Refinance, cash-out refinance or FHA Streamline. We also specialize in FHA Jumbo Loans, as available up to your County limit for FHA Loans.

We serve the entire state of Washington including: Seattle, Bellevue, Kirkland, Redmond, Issaquah, Sammamish, Woodinville, Auburn, Kent, Federal Way, Black Diamond, Des Moines, Snohomish, Carnation, North Bend, Mill Creek, Bothell, Kenmore, Shoreline, Ballinger,San Juan, Edmonds, Maple valley, Sahallee, Snoqualmie, Monroe, Everett, Mukilteo, SilverLake, Edmonds, Marysville, Mount vernon, bellingham, Sehome, Lynden, Blaine, Burlington, Sedro Wooley, Everson, Whidbey Island, Camano Island, Port Orchard, Bremerton, Kitsap, Silverdale, Renton, Newcastle, Newport, Tukwila, SeaTac, Tacoma, Puyallup, Roy, Bonney Lake, Sumner, Olympia, Tumwater, Spokane, Spokane Valley, newport, Yakima, Ellensburg, Kennewick, Richland, Pasco, Sunnyside, Prosser, vancouver, Kelso, Clarkston, Pullman and everything in between!

2010 CA Conventional Loan Limits by County

2010 California FNMA & FHLMC - Fannie Mae & Freddie Mac Loan limits 2010

Fannie Mae & Freddie Mac have retained the expanded 2009 loan limits for 2010. The standard conventional loan limit remains at $417K accross the USA. This is also called the Conforming Loan Limit ($417K). High Cost Areas have loan limits based on the new formula in the 2008 housing bill passed in July of 2008, and are also called Conforming Jumbo, High Balance, or Super Conforming loans.

There are different ratios and loan to value ratios for the Fannie Mae & Freddie Mac loans that exceed the standard limit of $417K. They require a minimum of 10% down payment and a maximum debt ratio of 45%.

We also posted updates regarding the 2010 California FHA loan limits here.

ALAMEDA $729,750 $934,200 $1,129,250 $1,403,400
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION

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ALPINE $547,500 $700,900 $847,200 $1,052,900
NON-METRO

--------------------------------------------------------------------------------

AMADOR $443,750 $568,050 $686,650 $853,350
NON-METRO

--------------------------------------------------------------------------------

BUTTE $417,000 $533,850 $645,300 $801,950
CHICO, CA (MSA)

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CALAVERAS $462,500 $592,050 $715,700 $889,450
NON-METRO

--------------------------------------------------------------------------------

COLUSA $417,000 $533,850 $645,300 $801,950NON-METRO

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CONTRA COSTA $729,750 $934,200 $1,129,250 $1,403,400
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION

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DEL NORTE $417,000 $533,850 $645,300 $801,950

NON-METRO
CRESCENT CITY, CA (MICRO)

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EL DORADO $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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FRESNO $381,250 $488,050 $589,950 $733,150
FRESNO, CA (MSA)

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GLENN $417,000 $533,850 $645,300 $801,950

NON-METRO

--------------------------------------------------------------------------------

HUMBOLDT $417,000 $533,850 $645,300 $801,950

EUREKA-ARCATA-FORTUNA, CA (MICRO)

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IMPERIAL $417,000 $533,850 $645,300 $801,950

EL CENTRO, CA (MSA)

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INYO $437,500 $560,050 $677,000 $841,350
BISHOP, CA (MICRO)

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KERN $417,000 $533,850 $645,300 $801,950
BAKERSFIELD, CA (MSA)

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KINGS $417,000 $533,850 $645,300 $801,950
HANFORD-CORCORAN, CA (MSA)

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LAKE $$417,000 $533,850 $645,300 $801,950

CLEARLAKE, CA (MICRO)

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LASSEN $417,000 $533,850 $645,300 $801,950

SUSANVILLE, CA (MICRO)

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LOS ANGELES $729,750 $934,200 $1,129,250 $1,403,400
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN D

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MADERA $425,000 $544,050 $657,650 $817,300
MADERA, CA (MSA)

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MARIN $729,750 $934,200 $1,129,250 $1,403,400
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI

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MARIPOSA $417,000 $533,850 $645,300 $801,950
NON-METRO

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MENDOCINO $512,500 $656,100 $793,050 $985,600
UKIAH, CA (MICRO)

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MERCED $472,500 $604,900 $731,150 $908,650
MERCED, CA (MSA)

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MODOC $417,000 $533,850 $645,300 $801,950
NON-METRO

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MONO $529,000 $677,200 $818,600 $1,017,300
NON-METRO

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MONTEREY $729,750 $934,200 $1,129,250 $1,403,400
SALINAS, CA (MSA)

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NAPA $729,750 $934,200 $1,129,250 $1,403,400
NAPA, CA (MSA)

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NEVADA $562,500 $720,100 $870,450 $1,081,750
TRUCKEE-GRASS VALLEY, CA (MICRO)

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ORANGE $729,750 $934,200 $1,129,250 $1,403,400
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION

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PLACER $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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PLUMAS $417,000 $533,850 $645,300 $801,950
NON-METRO

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RIVERSIDE $500,000 $640,100 $773,700 $961,550
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)

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SACRAMENTO $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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SAN BENITO $729,750 $934,200 $1,129,250 $1,403,400
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)

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SAN BERNARDINO $500,000 $640,100 $773,700 $961,550
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)

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SAN DIEGO $697,500 $892,950 $1,079,350 $1,341,350
SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA)

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SAN FRANCISCO $729,750 $934,200 $1,129,250 $1,403,400
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI

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SAN JOAQUIN $488,750 $625,700 $756,300 $939,900
STOCKTON, CA (MSA)

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SAN LUIS OBISPO $687,500 $880,100 $1,063,850 $1,322,150
SAN LUIS OBISPO-PASO ROBLES, CA (MSA)

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SAN MATEO $729,750 $934,200 $1,129,250 $1,403,400
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI

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SANTA BARBARA $729,750 $934,200 $1,129,250 $1,403,400
SANTA BARBARA-SANTA MARIA, CA (MSA)

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SANTA CLARA $729,750 $934,200 $1,129,250 $1,403,400
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)

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SANTA CRUZ $729,750 $934,200 $1,129,250 $1,403,400
SANTA CRUZ-WATSONVILLE, CA (MSA)

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SHASTA $423,750 $542,450 $655,700 $814,900
REDDING, CA (MSA)

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SIERRA $417,000 $533,850 $645,300 $801,950
NON-METRO

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SISKIYOU $417,000 $533,850 $645,300 $801,950
NON-METRO

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SOLANO $557,500 $713,700 $862,700 $1,072,150
VALLEJO-FAIRFIELD, CA (MSA)

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SONOMA $662,500 $848,100 $1,025,200 $1,274,050
SANTA ROSA-PETALUMA, CA (MSA)

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STANISLAUS $423,750 $542,450 $655,700 $814,900
MODESTO, CA (MSA)

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SUTTER $425,000 $544,050 $657,650 $817,300
YUBA CITY, CA (MSA)

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TEHAMA $417,000 $533,850 $645,300 $801,950
RED BLUFF, CA (MICRO)

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TRINITY $417,000 $533,850 $645,300 $801,950
NON-METRO

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TULARE $417,000 $533,850 $645,300 $801,950
VISALIA-PORTERVILLE, CA (MSA)

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TUOLUMNE $437,500 $560,050 $677,000 $841,350
PHOENIX LAKE-CEDAR RIDGE, CA (MICRO)

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VENTURA $729,750 $934,200 $1,129,250 $1,403,400
OXNARD-THOUSAND OAKS-VENTURA, CA (MSA)

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YOLO $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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YUBA $425,000 $544,050 $657,650 $817,300
YUBA CITY, CA (MSA)

We serve the following areas for FHA and Conventional loans: 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.

WA FHA Loan Limits for 2010

VanDyk is proud to be a FHA Full Eagle Direct Endorsement Lender. What is that? We are a FHA Direct lender with the full support of HUD, the US Department of Housing & Urban Development. We offer FHA loans in all areas of Washington State for Purchase, Refinance, cash-out refinance or FHA Streamline. We also specialize in FHA Jumbo Loans, as available up to your County limit for FHA Loans.'

We offer FHA Loans for Single Family Homes up to $567,500 in the higher cost areas of King, Snohomish, and Pierce Counties including Seattle, Bellevue, Kirkland, Redmond, Woodinville, Everett, Mill creek, Edmonds, Federal Way, Puyallup, Des Moines, Gig Harbor, Tacoma, Fife, Auburn, Kent, Shoreline, Sammamish, North Bend, Carnations, Marysville, Mukilteo, and more. Up to $593,750 in San Juan County, and $475,000 in Kitsap County including Silverdale, Bremerton, etc. We lend in the entire state of Washington.

FHA Loans require just 3.5% down payment for the purchase of your new home. FHA Loans are available to First Time Homebuyers and Move up or subsequent purchase home buyers as well.

Check out the FHA Loan limits for 2010 in your County:

County Name Single Family Duplex Tri-plex Four-plex

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ADAMS $271,050 $347,000 $419,425 $521,250
NON-METRO

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ASOTIN $271,050 $347,000 $419,425 $521,250
LEWISTON, ID-WA (MSA)

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BENTON $275,000 $352,050 $425,550 $528,850
KENNEWICK-RICHLAND-PASCO, WA (MSA)

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CHELAN $342,700 $438,700 $530,300 $659,050
WENATCHEE, WA (MSA)

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CLALLAM $383,750 $491,250 $593,800 $738,000
PORT ANGELES, WA (MICRO)

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CLARK $418,750 $536,050 $648,000 $805,300
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)

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COLUMBIA $271,050 $347,000 $419,425 $521,250
NON-METRO

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COWLITZ $271,050 $347,000 $419,425 $521,250
LONGVIEW, WA (MSA)

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DOUGLAS $342,700 $438,700 $530,300 $659,050
WENATCHEE, WA (MSA)

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FERRY $271,050 $347,000 $419,425 $521,250
NON-METRO

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FRANKLIN $275,000 $352,050 $425,550 $528,850
KENNEWICK-RICHLAND-PASCO, WA (MSA)

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GARFIELD $271,050 $347,000 $419,425 $521,250
NON-METRO

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GRANT $271,050 $347,000 $419,425 $521,250
MOSES LAKE, WA (MICRO)

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GRAYS HARBOR $271,050 $347,000 $419,425 $521,250
ABERDEEN, WA (MICRO)

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ISLAND $381,250 $488,050 $589,950 $733,150
OAK HARBOR, WA (MICRO)

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JEFFERSON $437,500 $560,050 $677,000 $841,350
NON-METRO

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KING $567,500 $726,500 $878,150 $1,091,350
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION

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KITSAP $475,000 $608,100 $735,050 $913,450
BREMERTON-SILVERDALE, WA (MSA)

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KITTITAS $328,750 $420,850 $508,700 $632,200
ELLENSBURG, WA (MICRO)

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KLICKITAT $271,050 $347,000 $419,425 $521,250
NON-METRO

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LEWIS $271,050 $347,000 $419,425 $521,250
CENTRALIA, WA (MICRO)

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LINCOLN $271,050 $347,000 $419,425 $521,250
NON-METRO

--------------------------------------------------------------------------------

MASON $310,000 $396,850 $479,700 $596,150
SHELTON, WA (MICRO)

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OKANOGAN $271,050 $347,000 $419,425 $521,250
NON-METRO

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PACIFIC $271,050 $347,000 $419,425 $521,250
NON-METRO

--------------------------------------------------------------------------------

PEND OREILLE $271,050 $347,000 $419,425 $521,250
NON-METRO

--------------------------------------------------------------------------------

PIERCE $567,500 $726,500 $878,150 $1,091,350
TACOMA, WA METROPOLITAN DIVISION

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SAN JUAN $593,750 $760,100 $918,800 $1,141,850
NON-METRO

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SKAGIT $373,750 $478,450 $578,350 $718,750
MOUNT VERNON-ANACORTES, WA (MSA)

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SKAMANIA $418,750 $536,050 $648,000 $805,300
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)

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SNOHOMISH $567,500 $726,500 $878,150 $1,091,350
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION

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SPOKANE $271,050 $347,000 $419,425 $521,250
SPOKANE, WA (MSA)

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STEVENS $271,050 $347,000 $419,425 $521,250
NON-METRO

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THURSTON $361,250 $462,450 $559,000 $694,700
OLYMPIA, WA (MSA)

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WAHKIAKUM $271,050 $347,000 $419,425 $521,250
NON-METRO

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WALLA WALLA $271,050 $347,000 $419,425 $521,250
WALLA WALLA, WA (MICRO)

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WHATCOM $375,000 $480,050 $580,300 $721,150
BELLINGHAM, WA (MSA)

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WHITMAN $271,050 $347,000 $419,425 $521,250
PULLMAN, WA (MICRO)

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YAKIMA $271,050 $347,000 $419,425 $521,250
YAKIMA, WA (MSA)

Please click here to see even more FHA loan information or VA loan information. Or Check out this FHA Direct lender website.

California FHA Loan Limits for 2010

VanDyk offers FHA Loans up to the full FHA loan limit for every county that we serve. FHA Loans for single family homes are available up to $729,750 in higher cost counties such as Los Angeles, San Francisco, Alameda, Contra Costra, Monterey, Orange County, Santa Clara, Santa Cruz, Ventura, San Benito, Marin, and Santa Barbara. San Diego Homebuyers and Homeowners can get FHA Loans up to $697,500, Riverside and San Bernardino up to $500,000, Sacramento, El Dorado, and Placer counties up to $580,000. Here is a list of the FHA loan limits for Single Family, Duples, Tri-plex and Four-Plex for all California counties:

County Name Single Family Duplex Tri-plex Four-plex

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ALAMEDA $729,750 $934,200 $1,129,250 $1,403,400
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION

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ALPINE $547,500 $700,900 $847,200 $1,052,900
NON-METRO

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AMADOR $443,750 $568,050 $686,650 $853,350
NON-METRO

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BUTTE $400,000 $512,050 $618,950 $769,250
CHICO, CA (MSA)

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CALAVERAS $462,500 $592,050 $715,700 $889,450
NON-METRO

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COLUSA $397,500 $508,850 $615,100 $764,400
NON-METRO

--------------------------------------------------------------------------------

CONTRA COSTA $729,750 $934,200 $1,129,250 $1,403,400
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION

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DEL NORTE $311,250 $398,450 $481,650 $598,550
CRESCENT CITY, CA (MICRO)

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EL DORADO $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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FRESNO $381,250 $488,050 $589,950 $733,150
FRESNO, CA (MSA)

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GLENN $287,500 $368,050 $444,900 $552,900
NON-METRO

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HUMBOLDT $393,750 $504,050 $609,300 $757,200
EUREKA-ARCATA-FORTUNA, CA (MICRO)

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IMPERIAL $325,000 $416,050 $502,900 $625,000
EL CENTRO, CA (MSA)

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INYO $437,500 $560,050 $677,000 $841,350
BISHOP, CA (MICRO)

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KERN $368,750 $472,050 $570,600 $709,150
BAKERSFIELD, CA (MSA)

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KINGS $325,000 $416,050 $502,900 $625,000
HANFORD-CORCORAN, CA (MSA)

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LAKE $401,250 $513,650 $620,900 $771,650
CLEARLAKE, CA (MICRO)

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LASSEN $285,000 $364,850 $441,000 $548,050
SUSANVILLE, CA (MICRO)

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LOS ANGELES $729,750 $934,200 $1,129,250 $1,403,400
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN D

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MADERA $425,000 $544,050 $657,650 $817,300
MADERA, CA (MSA)

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MARIN $729,750 $934,200 $1,129,250 $1,403,400
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI

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MARIPOSA $412,500 $528,050 $638,300 $793,250
NON-METRO

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MENDOCINO $512,500 $656,100 $793,050 $985,600
UKIAH, CA (MICRO)

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MERCED $472,500 $604,900 $731,150 $908,650
MERCED, CA (MSA)

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MODOC $271,050 $347,000 $419,425 $521,250
NON-METRO

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MONO $529,000 $677,200 $818,600 $1,017,300
NON-METRO

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MONTEREY $729,750 $934,200 $1,129,250 $1,403,400
SALINAS, CA (MSA)

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NAPA $729,750 $934,200 $1,129,250 $1,403,400
NAPA, CA (MSA)

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NEVADA $562,500 $720,100 $870,450 $1,081,750
TRUCKEE-GRASS VALLEY, CA (MICRO)

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ORANGE $729,750 $934,200 $1,129,250 $1,403,400
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION

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PLACER $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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PLUMAS $410,000 $524,850 $634,450 $788,450
NON-METRO

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RIVERSIDE $500,000 $640,100 $773,700 $961,550
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)

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SACRAMENTO $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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SAN BENITO $729,750 $934,200 $1,129,250 $1,403,400
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)

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SAN BERNARDINO $500,000 $640,100 $773,700 $961,550
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)

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SAN DIEGO $697,500 $892,950 $1,079,350 $1,341,350
SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA)

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SAN FRANCISCO $729,750 $934,200 $1,129,250 $1,403,400
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI

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SAN JOAQUIN $488,750 $625,700 $756,300 $939,900
STOCKTON, CA (MSA)

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SAN LUIS OBISPO $687,500 $880,100 $1,063,850 $1,322,150
SAN LUIS OBISPO-PASO ROBLES, CA (MSA)

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SAN MATEO $729,750 $934,200 $1,129,250 $1,403,400
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI

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SANTA BARBARA $729,750 $934,200 $1,129,250 $1,403,400
SANTA BARBARA-SANTA MARIA, CA (MSA)

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SANTA CLARA $729,750 $934,200 $1,129,250 $1,403,400
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)

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SANTA CRUZ $729,750 $934,200 $1,129,250 $1,403,400
SANTA CRUZ-WATSONVILLE, CA (MSA)

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SHASTA $423,750 $542,450 $655,700 $814,900
REDDING, CA (MSA)

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SIERRA $304,750 $390,100 $471,550 $586,050
NON-METRO

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SISKIYOU $293,750 $376,050 $454,550 $564,900
NON-METRO

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SOLANO $557,500 $713,700 $862,700 $1,072,150
VALLEJO-FAIRFIELD, CA (MSA)

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SONOMA $662,500 $848,100 $1,025,200 $1,274,050
SANTA ROSA-PETALUMA, CA (MSA)

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STANISLAUS $423,750 $542,450 $655,700 $814,900
MODESTO, CA (MSA)

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SUTTER $425,000 $544,050 $657,650 $817,300
YUBA CITY, CA (MSA)

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TEHAMA $312,500 $400,050 $483,550 $600,950
RED BLUFF, CA (MICRO)

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TRINITY $271,050 $347,000 $419,425 $521,250
NON-METRO

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TULARE $325,000 $416,050 $502,900 $625,000
VISALIA-PORTERVILLE, CA (MSA)

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TUOLUMNE $437,500 $560,050 $677,000 $841,350
PHOENIX LAKE-CEDAR RIDGE, CA (MICRO)

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VENTURA $729,750 $934,200 $1,129,250 $1,403,400
OXNARD-THOUSAND OAKS-VENTURA, CA (MSA)

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YOLO $580,000 $742,500 $897,500 $1,115,400
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)

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YUBA $425,000 $544,050 $657,650 $817,300
YUBA CITY, CA (MSA)

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.

Friday, October 30, 2009

Loan Limits Extended through 2010 by Congress

Loan Limits Extended through 2010 by Congress

Today, Congress approved an extension of higher loan limits for FNMA, FHLMC, and FHA (Fannie Mae, Freddie Mac & FHA) that will extend the current loan limits in place for 2009 to the end of 2010. This will help avoid any disruption in the mortgage market as the housing sector tries to recover.

The loan limits for your area can be found by clicking on the following links:
FHA Loan Limits for high cost counties
Fannie & Freddie Loan Limits for high cost counties
VA Loan limits for high cost counties

VanDyk Mortgage offers FHA Jumbo, Conventional Jumbo (Fannie & Freddie), and VA Jumbo loans in all areas that we service. The VA Jumbo Loan limits are not official yet, but they are based on the GSE Loan limits approved by this bill, so we anticipate no changes to VA limits.

The extended 2009/2010 FHA/Fannie Mae/Freddie Mac loan limits retain the high end at $729,750 in higher cost counties such as Los Angeles, Santa Clara, San Francisco, Orange County, Bay Area cities, and more. San Diego County remains at a max 2009 FHA Loan Limit of $697,500 for a single family residence.

The extended 2009/2010 VA loan limits retain the high end at $737,500 in higher cost counties such as Los Angeles and Orange County, $1,094,625 in San Francisco, San Mateo, Marin, Alameda, & Contra Costa Counties, $937,500 in San Benito & Santa Clara counties, $805,000 in Santa Cruz county, and more. San Diego County remains at a max VA Loan Limit of $593,750 for a single family residence for 2010. Here is a post on the 2009 VA limits that may be helpful.

We are very excited about these enhanced possibilities for our Veterans & Active Duty Personnel. Please call Brian Skaar at 760-752-4480 or visit us online at www.vandykfunding.com to find out more. VanDyk Mortgage is a VA Direct Lender (since 1987). We are the VA Experts. We offer VA loans accross America including: California, Washington, Arizona, Texas, Florida, Georgia, & more.