VA Approved Condo Search

VA Approved Condo Search – VA’s new link to the Veterans Administration Approved Condo complexes

The Veterans Administration has replaced the old VA Condo Search page and launched a brand new webpage to search for VA Approved Condo Complexes on their VIP VA Loan Portal.  Here is the link to the new VA Condo Search Engine.   The Search results are a little better than the prior system, but they can still be a bit cryptic, ie showing tract numbers instead of easily recognizable HOA / Complex Names.  Please don’t hesitate to contact us for help with how to find VA Approved Condo’s to purchase (or to see if your condo is eligible for a VA Refinance), please contact us at 760-752-4480.  We also have a network of VA trained Realtors who can help you find the Condo of your dreams using VA Financing.

Give us a call at 760-752-4480 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types.

Visit us at www.vandykfunding.com to get started or just find out more

Sacramento VA , FHA and Conventional Home Mortgage Loans – Direct Lender – VA Lender – FHA Lender

Sacramento VA , FHA and Conventional Home Mortgage Loans – Direct Lender – VA Lender – FHA Lender

VanDyk Mortgage is your source for VA Loans and FHA Loans in Sacramento.   We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Sacramento Homebuyers and Sacramento Homeowners to Purchase and refinance homes.

  • FHA & FHA Jumbo (aka High Balance)
  • VA & VA Jumbo (aka High Balance)
  • Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
  • Jumbo Loans to $3m

Sacramento FHA Loans are available up to $474,950 with just 3.5% down payment. The FHA 2015 Loan Limit for Sacramento is $474,950. Sacramento FHA Loans that are over $417K up to $474,950 are called FHA Jumbo or FHA High Balance loans.

Sacramento VA Loans are available up to $474,950 with NO down payment required. The Sacramento VA Loan Limit in 2015 is $474,950. However, Veterans are not limited to the Sacramento Loan limit of $474,950 for VA Jumbo Loans. We offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.  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.

Sacramento Conforming Loans are available up to $474,950.  The Sacramento Conforming Jumbo Loans (aka Conforming High Balance, those over $417,000 and up to $474,950) require a minimum of 10% downpayment or equity.

Sacramento Home Loan information

FHA Home loans in Sacramento, California:

  • FHA Home Loans require just 3.5% downpayment
  • FHA Jumbo Loans up to $474,950 (aka FHA High Balance)
  • The $474,950 is the base loan amount – the Sacramento FHA Loan Limit of $474,950 does not have to include the UFMIP (FHA’s Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
  • The Seller can pay up to 6% of your closing and settlement costs.
  • Minimum score for a FHA Home Loan is just 620, even on FHA High balance or FHA Jumbo.
  • You can receive a gift of funds for your Downpayment and closing costs from Family
  • FHA Approved Condominiums can qualify for both FHA and FHA Jumbo loans
  • FHA Loans allow non-occupying co-borrowers such as parents and siblings.
  • We offer FHA 203K rehabilitation Loans to rehab your new property, or current home.
  • FHA Loans can be used for Purchase and Refinance of 2, 3 or 4 Unit properties

VA Home Loans in Sacramento, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $474,950
  • A $575K Sacramento Home Purchase would only require $25,013 down payment (4.35%) – not including the VA Funding Fee
  • A $750K Sacramento Home purchase would require just $68,763 down (9.168%)
  • VA Loans require no Mortgage Insurance
  • VA Loans do require a VAFF (VA Funding Fee), which is usually financed
  • Veterans with a 10% or higher VA disability pay no VA Funding fee
  • Sellers can pay up to 4% of the VA Buyers closing costs
  • VA Loans can be used for purchase and Refinance of 2, 3 or 4 Unit properties

Conforming Home Loans in Sacramento, California:

  • Sacramento Conforming loans available up to $474,950
  • Conforming loan available with 3% down payment on loan amounts up to $417,000
  • Available up to $474,950 with the Conforming High Balance (aka conforming Jumbo)
  • Require a minimum of 3% downpayment or up to 97% LTV (up to $417K loan amounts)
  • Allow for condominiums, Second Homes, and investment properties
  • Financing available for 2, 3 or 4-unit properties
  • Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 760-752-4480 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us atwww.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, Conforming & Jumbo Loans.We serve the following areas for VA, FHA and Conventional loans: California,Southern California, San Diego, Sacramento, Elk Grove, Citrus Heights, Galt, Folsom, Encinitas, San Marcos, Oceanside, Vista, Escondido, Fallbrook, Bonsall, San Diego, Rancho Bernardo, Poway, Encinitas, Carmel Valley, Scripps Ranch, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Temecula, Murrieta, and Valley Center. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types. Visit us atwww.vandykfunding.com to get started or just find out more

Duplex Financing – 85% Conventional Loan – purchase or refinance a 2- unit with 15% down

Duplex Financing – 85% Conventional Loan – purchase or refinance a 2- unit with 15% down

** available in California and Washington State!

We now offer conventional financing on Duplexes and 2-units up to 85% loan to value – just 15% down payment required.  This is for Owner occupants – you must live in one of the units, but you can rent out the other unit.

Some highlights:

  • Loan amounts up to $533,850
  • 680 minimum fico score
  • Full income documentation required
  • Asset reserves required
  • Max DTI – 38%
  • Down payment must be from own funds
  • Seller can contribute to closing costs

We also offer 85% conventional refinance duplexes and 2-units.

Now available throughout California and Washington State. Los Angeles, San Diego, Riverside, Long Beach, Bay Area, Oceanside, Escondido, Ventura, Oakland, Seattle, Spokane, Tacoma, and all other cities and areas in these state.

Call today to get started. 760-752-4480 direct.

FHA Loans for the refinance of 2 unit, 3 unit or 4 Unit properties

FHA Loans for the refinance of 2 unit,  3 unit or 4 Unit properties

We offer FHA Loans to refinance multi family homes (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex).   This can be a great investment strategy, as you can live in one of the units and rent out the other(s).   We are able to refinance an Owner Occupied 2-3-4 unit property up to 97.7% of the current appraised value.   FHA Does require that you live in and occupy one of the units to qualify for FHA Financing.

** We also offer FHA Loans to purchase 2-3 or 4 unit properties – more info

You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify.  This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the FHA Appraisal. Our FHA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes. For 3-4 unit properties, the rents can only be counted towards income to qualify if there is sufficient history of ownership and rental occupancy.

Call us if you are interested in refinancing your multi unit property, and we can help you with the numbers.  You might be surprised what you would qualify for!   866-900-2342 toll free direct.

Utilize an FHA Loan to keep your Multi unit home a true investment.   Here are the Multi Unit FHA Loan Limits for high cost California Counties including  Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, & Santa Cruz:

  • High Cost California County FHA Loan limits for 2 units:  $800,775
  • High Cost California County FHA Loan Limits for 3 units:  $967,950
  • High Cost California Countys FHA Loan Limits for 4 units:  $1,202,925

Many other California counties are eligible for higher FHA loan amounts for FHA 2, 3 or 4 plex purchase and refinance.

Here is a complete list of California Counties and their FHA Loan Limits for Multi Units

Call the FHA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online at VanDykFunding.com

We offer these in California, Washington,  Los Angeles, San Diego, San Jose, Bay Area, Oakland, San Francisco, Monterey, Ventura, Riverside, Fresno, Bakersfield, San Bernardino, Oceanside, Long Beach, Escondido, Seattle, Tacoma, Bellingham, Spokane, Yakima, Orange County, Irvine, Huntington Beach, Anaheim, Santa Ana, Orange, Corona, Murrieta, Temecula, San Bruno, Daly City, San Marcos, Chula Vista, Sacramento, Fremont, Irvine, San Bernardino, Whittier, Fullerton,  and everything in between.

2-unit, 3-unit, 4 unit, duplex, triplex, fourplex, twoplex, threeplex, quadplex, FHA, FHA Lender, FHA Jumbo, Direct Lender

Use your VA Loan Benefit to refinance your 2, 3 or 4 Unit property

Use your VA Loan Benefit to refinance your  2, 3 or 4 Unit property

We offer VA Loans to refinance multi family homes (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex).   The maximum loan to value is 90%, and you must occupy one of the units.   There is no Mortgage Insurance on VA Loans, and the rates on VA Loans are very competitive compared to Conventional loans.   Plus – The VA Loan can go up to 90% on a 2-3 or 4 unit property.   Conventional loans are limited to 80%.

** We also offer VA Loans to purchase 2-3 or 4 unit homes – more info

You can use the rental income of the rented units to help qualify. This will determined by using existing tenants and their actual rent rolls, or a projected rent schedule from the VA Appraisal.   Our VA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes.   The VA does require that the Veteran has experience managing rental properties, but you already own the property, so that is A-OK.  Call us to see if you qualify under the VA rules.

Call us if you are interested in refinancing your multi unit property, and we can help you with the numbers. You might be surprised what you would qualify for!   866-900-2342 toll free direct.

Here is a complete list of California Counties and their VA Loan Limits

All other California and Washington state counties are at $417,000 for the 2015 VA Loan Limit. VA Loans are available with zero down payment for VA 2, 3 or 4 plex purchase and refinance up to the respective county VA Loan Limit. For VA Multi Unit loans over the county VA Loan Limits, we can utilize a downpayment or equity in the property to satisfy the 25% VA Guarantee requirement, this basically amounts to 25% of the amount over the county loan limit (not counting the VA Funding Fee).

Call the VA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online.

2-unit, 3-unit, 4 unit, duplex, triplex, fourplex, twoplex, threeplex, quadplex, VA, VA Lender, VA Jumbo, VA Direct Lender, California, Washington, Seattle, San Diego, Los Angeles, Long Beach,  Bay Area

Coronado VA Loans and VA Jumbo Home Mortgage Loans – VanDyk Mortgage – VA Lender.

Coronado VA Loans and VA Jumbo Home Mortgage Loans – VanDyk Mortgage – VA Lender.   VanDyk Mortgage is your source for VA Loans and VA Jumbo Loans in Coronado and San Diego.   We have been making VA loans since 1987.  VanDyk Mortgage is a Direct Lender.   We offer many loan programs for Coronado Homebuyers and Coronado Veteran Homeowners to Purchase and refinance homes in beautiful Coronado.

  • VA Loans
  • VA Jumbo Loans
  • VA Loans for Condo’s
  • Purchase, Refinance, Streamline Refinance (IRRRL)

Coronado VA Loans are available up to $562,350 with zero down payment. The Coronado / San Diego County VA Loan Limit in 2015 is $562,350.  However, Veterans are not limited to the San Diego County VA Loan limit of $562,350 for Coronado VA Jumbo Loans.  We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

We offer VA financing on Coronado 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.

VA Home Loans in Coronado, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $562,350
  • A $675K Coronado VA Home or Condo Purchase would only require $28,163 down payment (4.172%)
  • A $875K Coronado VA Home or Condo Purchase would only require $78,163 down payment (8.933%)
  • 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

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 also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your VA loan.5

Use your VA Loan Benefit to purchase a 2, 3 or 4 Unit property

Use your VA Loan Benefit to purchase a 2, 3 or 4 Unit property

We offer VA Loans to finance the purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex).  This can be a great investment strategy, as you can live in one of the units and rent out the other units. This awesome opportunity that requires Zero Downpayment up to the VA Loan Limits for your county, and that you live in and occupy one of the units to qualify for VA Financing.

*** We also offer VA loans to Refinance 2, 3 or 4 unit properties – more info here

You can use the rental income of the rented units to help qualify. This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the VA Appraisal.   Our VA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes.   The VA does require that the Veteran has experience managing rental properties or the financial wherewithal to succeed as a landlord.  Call us to see if you qualify under the VA rules.

Call us if you are interested in purchasing a multi unit property, and we can help you with the numbers. You might be surprised what you would qualify for! 866-900-2342 toll free direct.

We do suggest that you utilize a good Realtor when searching for a multi-unit property, as they can help with the property search, cash flow projections, and VA property eligibility.

You can utilize your VA Home Loan Benefit for a VA Loan to make your next home a true investment. Here are the 2011 VA Loan Limits for high cost California Counties:

$625,500 – Alameda, Contra Costa, Marin, San Francisco, San Mateo

$625,500 – San Benito, Santa Clara,

$625,500 – Santa Barbara

$625,500 – Santa Cruz

$625,500 – Los Angeles, Orange County,

$603,750 – Ventura

$562,350 – San Diego

$615,250 – Napa

$561,200- San Luis Obispo

$463,450 – Alpine

$520,950 – Sonoma

$502,550 – Monterey,

$477,250 – Nevada

$474,950 – El Dorado, Placer, Sacramento and Yolo counties

Washington State VA Loan limits:

$517,500 – King, Pierce, and Snohomish Counties

All other California counties are at $417,000 for the 2015 VA Loan Limit. VA Loans are available with zero downpayment for VA 2, 3 or 4 plex purchase and refinance up to the respective county VA Loan Limit. For VA Multi Unit loans over the county VA Loan Limits, we can utilize a downpayment or equity in the property to satisfy the 25% VA Guarantee requirement, this basically amounts to 25% of the amount over the county loan limit (not counting the VA Funding Fee).

Here is a complete list of California Counties and their VA Loan Limits

Call the VA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online.

2-unit, 3-unit, 4 unit, duplex, triplex, fourplex, twoplex, threeplex, quadplex, VA, VA Lender, VA Jumbo, VA Direct Lender, California, Washington, Seattle, San Diego, Los Angeles, Long Beach,  Bay Area