VA Condo Loans – VA Loans to purchase or refinance Condominiums / Condo’s using VA Benefit.

VA Condo Loans – VA Loans to purchase or refinance Condominiums / Condo’s using VA Benefit.

We are a VA Lender offering VA Loans to purchase or refinance Condominiums. Utilizing the VA loan and VA Jumbo Loan to purchase condominiums have become more necessary, as Condo financing has become more difficult with conventional financing.  The tightening credit market of the past couple years has wrought havoc on Condominiums as Conventional Agencies Fannie Mae and Freddie Mac have added many restrictions on Condos, both in the way of reduced eligibility and also increased rates for Condo’s.   FHA also recently changed it’s rules for Condominium eligibility as well, making it even harder for Sellers and Listing Agents to sell Condo’s.

In comes the VA to the rescue.  The VA Condo List is extensive and offers many opportunities for our Veterans to purchase and refinance Condo’s.  To qualify for a VanDyk VA Condo Loan, the condo must be on the VA Approved Condo list, which includes many existing complexes. You can search for VA Approved Condos yourself or rely on us. The hard part is the Condo Association name may not appear in the VA Site, forcing us to use the homes Legal description to determine the VA Condo Eligibility. Simply call us so we can help research the Condo’s Eligibility for a VA Loan.

VanDyk Mortgage offers VA financing on Condos with VA Loans up to $417,000 and we also offer VA Jumbo Loans for Condo’s (up to the County VA Loan Limits). This includes Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.

VanDyk does not require the seller to hold the property for 90 days like many other lenders. If the seller of record on the day of the purchase agreement matches, that fits within our rules. Another name for this is the Flip Rule, where many banks require a seller to be on Title for 90 days minimum, we only require 1 day.

We offer VA Loans for Condo’s in California & Washington state. Condo’s in cities like San FranciscoOaklandLos AngelesLong BeachSan Diego, San Jose, Seattle, Bellevue, Ventura, and Irvine can qualify for VA Condo Loans.

VA Home Search info for California Veterans and Active Duty Military Homebuyers

VA Home Search info for California Veterans and Active Duty Military Homebuyers

We are proud to serve our Veterans and Active Duty Military Personnel in their search for a home to purchase using one of the best VA Benefits – the VA Loan.

We understand how difficult and frustrating it can seem for our Veterans and ActiveDuty Military Personnel to find Homes Eligible for VA Financing and the challenges involved in getting your VA offer accepted by  Sellers.   The process may seem daunting at times, but we have the solution.

Two key needs in the VA Home Search and VA Purchase process are to partner with a Realtor that is familiar with the VA Home Purchase process and to get Pre-Approved with an experienced VA Lender prior to making offers on homes with VA Financing.

The first part of your VA Home Search solution is to partner with a Realtor that is knowledgeable in the VA Home Purchase process and knows how to get VA Purchase Offers approved.   The second part of the Solution is to work with an experienced VA Lender.   Together, we can help you find and close on the home of your dreams using your VA Home Loan Benefit and VA financing.   Our Realtor partners understand how to find the right home for VA Financing,  and how to negotiate your VA offer to get the results you need.

For help finding Homes that are eligible for VA Financing, contact us and we will connect you with a pre-screened local Realtor knowledgeable with VA Homes. They will create a custom search based on your needs of Homes that may qualify for VA Financing.

For help with your VA Loan, contact Brian Skaar at VanDyk Mortgage.  We are experienced with VA Financing and have been making VA loans since 1987.   Call Direct at 760-752-4480 or apply on the web at www.vandykfunding.com.      VanDyk Mortgage offers VA Loans, VA Jumbo Loans and VA Financing for Condo’s.

Please feel free to call us with your questions on your VA Home Search   760-752-4480  direct.

San Diego VA Loans and VA Jumbo Home Mortgage Loan

San Diego 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 San Diego.  We have been making VA loans since 1987.  VanDyk Mortgage is a Direct Lender.  We offer many loan programs for San Diego Homebuyers and San Diego Homeowners to Purchase and refinance homes in San Diego.

VA Loans

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

San Diego VA Loans are available up to $562,350 with zero down payment. The San Diego VA Loan Limit in 2015 is $562,350. However, Veterans are not limited to the San Diego Loan limit of $562,350 for 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.

VA Home Loans in San Diego, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $562,350
  • A $600K San Diego VA Home Purchase would only require $9,412 down payment (1.569%)
  • A $900K San Diego VA Home Purchase would only require $84,413 down payment (9.379%)
  • 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 costsf

VA loans can also be used to purchase or refinance VA Approved Condominiums.  Much of the same rules apply, plus the Condo Complex must be on the VA Approved Condo List.  The list can be a little lacking in user-friendliness, so please don’t be bashful,  give us a call to help you find VA Approved Condo’s in San Diego.

 

VanDyk Mortgage has been making 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

Government Loan Pros- VA FHA USDA FHA Jumbo VA Jumbo 203K

We proudly offer a full array of loans including FHAVAUSDA, Conventional, Jumbo, FHA JumboVA Jumbo,VA loans for Condo’sFHA 203K Rehabilitation LoansConventional loans up to 95% ltv, and more.

Serving California Cities: AnaheimBakersfieldChula VistaCoronaEscondidoFremontFresnoIrvineLos AngelesLong BeachMurrietaOaklandOceanside,  Riverside, Sacramento, San Bernardino,San DiegoSan FranciscoSan JoseSan MarcosSanta AnaTemecula, and all in between.

Our Office also serves Washington State, including Auburn, Bellevue, Bellingham, Bremerton, Edmonds, Everett, Federal Way, Kent, Kirkland, Lacey, Olympia, Puyallup, Redmond, Renton, SeattleSpokaneTacoma, Vancouver,and the entire state.

Licensing Disclosures Privacy Policy Product Disclaimers/Disclosures

California Residential Mortgage Lender registered by the Department of Corporations

VanDyk Mortgage is a private company specializing in FHA & VA financing,  VanDyk Mortgage Corp is not a government agency.

NMLS ID:  3035 – VanDyk Mortgage Corp   NMLS ID  220268   Brian Skaar5

Conventional Loans – 5% down payment available in California – 95% financing options

Conventional Loans – 5% down payment available in California – 95% financing options

VanDyk Mortgage offers Conventional Purchase loans up to $417,000 with just a 5% down payment.    We also offer Conventional Refinance loans up to 95%.

Here are some basic details:

California and Washington state are now eligible for our Conventional Fannie Mae Loans up to 95% Loan to Value – Only 5% down payment is required.   We do not consider CA a declining market, so we are able to offer these enhanced financing options for Conventional loans.

  • Minimum credit score = 620
  • Higher debt ratios are available with Credit Scores above 680
  • Condo’s OK to 95%!

Loan amounts up to $417,000 are eligible  (that would be a purchase price up to $438K with 5% down).

If you don’t have a 680 middle score, or have a slightly higher debt ratio,  we can still help with our FHA Loans.   If your purchase price is higher than $438K, FHA Jumbo may be able to help as well. Give us a call to get started – 760-752-4480.

We proudly offer a full array of loans including FHAVAUSDA, Conventional, Jumbo, FHA JumboVA Jumbo,VA loans for Condo’sFHA 203K Rehabilitation LoansConventional loans up to 95% ltv, and more.

Serving California Cities: AnaheimBakersfieldChula VistaCoronaEscondidoFremontFresnoIrvineLos AngelesLong BeachMurrietaOaklandOceansideRiverside, Sacramento, San Bernardino,San DiegoSan FranciscoSan JoseSan MarcosSanta AnaTemecula, and all in between.

Our Office also serves Washington State, including Auburn, Bellevue, Bellingham, Bremerton, Edmonds, Everett, Federal Way, Kent, Kirkland, Lacey, Olympia, Puyallup, Redmond, Renton, SeattleSpokaneTacoma, Vancouver,and the entire state.