Monterey County VA and VA Jumbo Home Mortgage Loan info – Direct Lender
VanDyk Mortgage is your local source for VA Loans and VA Jumbo Loans in Monterey County, CA. We have been making VA loans since 1987. VanDyk Mortgage is a Direct 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. We offer many loan programs for Monterey County Homebuyers and California Veteran Homeowners to Purchase and Refinance their homes.
- VA Loans
- VA Jumbo Loans
- VA Loans for Condo’s
- Purchase, Refinance, Streamline Refinance (IRRRL)
Monterey County VA Loans are available up to $615,250 with Zero down payment required. The Monterey County VA Loan Limit for 2018 is $615,250. However, Veterans are not limited to the County VA Loan limit of $615,250 for Monterey County VA Jumbo Loans. We also offer VanDyk 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, even though your loan amount exceeds the VA County Loan Limit.
VA Home Loans in Monterey County, California:
- Active Duty and Veterans can both qualify
- 100% financing up to $615,250
- A $625,000 Monterey County VA Home Purchase would only require a $2,438 down payment (under 1%)
- A $700,000 Monterey VA Home Purchase would only require $21,188 down payment (3.027%)
- A $950,000 Monterey VA Home or Condominium Purchase would require a $83,688 (8.809%)
- VA Loans require no Mortgage Insurance Zip, Nada, Zilch!
- VA Loans do require a VAFF (VA Funding Fee), which is usually financed
- Veterans with a 10% or higher VA disability rating 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 and VA Jumbo Loans too
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.
Go with the Government Loan Pros, go with VanDyk. Call Brian Skaar at 760-752-4480 for help with your VA loan financing.
We proudly serve Veterans with VA Financing in the following Monterey County Cities: Carmel by the Sea, Carmel, Del Rey Oaks, Gonzales, Greenfield, King City, Marina, Monterey, Pacific Grove, Salinas, Sand City, Seaside, Soledad and all other areas within Monterey county.