100% Cash Out VA Loans are available again. You read the headline correct: VanDyk now offers VA loans up to 100% loan to value for VA cash out refinances. VA refinances are no longer capped at 90% of your current appraised value. These are available up to $424K loan amounts. (if your VA Loan Amount will need a higher balance, Our VA Jumbo Loans allow up to 100% as well. Please inquire direct to 760-752-4480 to see if you have enough equity to make a new … (0 comments)
ga: Get Started here for your FHA Loan Approval
- 02/28/15 01:12 AM
We offer fully Underwritten Approvals for FHA & FHA Jumbo Purchase Loans prior to finding a property. We call this our Fast Forward Approval program. Our proprietary Fast Forward Approval process solidifies your qualifications, and also allows you to move through your FHA Purchase Transaction in a comfortable, timely fashion that has much less stress than rushing through both the loan and home purchase at the same time. Most of the heavy lifting is done up front so you can concentrate on finding and closing on the best home for your family. Let's get started, we would be honored … (0 comments)
ga: Get Started here for your VA Loan Approval
- 02/27/15 08:33 AM
We offer fully Underwritten Approvals for VA & VA Jumbo Purchase Loans prior to finding a property. We call this our Fast Forward Approval program. Our proprietary Fast Forward Approval process solidifies your qualifications, and also allows you to move through your Purchase Transaction in a comfortable, timely fashion that has much less stress than rushing through both the loan and purchase at the same time. Most of the heavy lifting is done up front so you can concentrate on finding and closing on the best home for your family. Let's get started, we would be honored to have … (0 comments)
ga: Downpayment from Gift Funds for 95% Conforming Loans
- 02/19/14 04:21 AM
Downpayment from Gift Funds for 95% Conforming Loans We now offer 95% conventional loans (5% down) up to $417K with the entire down payment can be from gift funds. Recent upgrades from our PMI providers make this new option available. Fannie Mae and Freddie Mac lifted their Gift Fund resctrictions last year. The gift funds do have to be sourced, be from an immediate family member, and be documented. We can help guide you in the process to make sure this is handled correctly. We allow gift funds for 5% Down Conforming Loans on Single Family Residences and Condominiums up to $417K. We … (0 comments)
ga: Gift Funds OK for 95% conventional Loans
- 02/19/14 04:01 AM
Gift Funds OK for 95% conventional Loans We now offer 95% conventional loans (5% down) up to $417K with the entire downpayment being gift funds. Recent PMI company changes make this possible, as Fannie Mae and Freddie Mac lifted their Gift Fund resctrictions last year. The gift funds do have to be sourced, be from an immediate family member, and be documented. We can help guide you in the process to make sure this is handled correctly. We allow gift funds for 5% Down Conventional Loans on Single Family Residences and Condominiums up to $417K. We offer this program in … (0 comments)
ga: What is the Maximum Debt Ratio- (aka DTI) with a VA Loan with QM?
- 02/16/14 02:37 PM
What is the Maximum Debt Ratio- (aka DTI) with a VA Loan with QM? There has been much talk about how QM will result in more denials for VA Home Buyers using VA Financing due to new Federally Mandated restrictions regarding Mortgage Loans. QM is also known as Qualified Mortgages, as defined in the Dodd-Frank legislation. QM went into effect the same time as ATR, in January, 2014, ATR stands for Ability to Repay. This basically codified how and what lenders must verify, document and consider when qualifying VA borrowers for VA Loans under QM/ ATR. VA stands … (0 comments)
ga: What is the Maximum Debt Ratio- (aka DTI) with a FHA Loan with QM?
- 02/16/14 02:20 PM
What is the Maximum Debt Ratio- (aka DTI) with a FHA Loan with QM? Much has been written about how QM will result in more Turn Downs or credit denials for Home Buyers using FHA Financing due to new Federally Mandated restrictions regarding Mortgage Loans. QM is also know as Qualified Mortgages, as defined in the Dodd-Frank legislation. It went into effect the same time as ATR, ATR stands for Ability to Repay. This basically codified how and what lenders must verify, document and consider when qualifying FHA borrowers for FHA Loans under QM/ ATR. FHA stands for … (0 comments)
ga: What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM?
- 02/16/14 01:59 PM
What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM? Much has been written about how QM will result in more credit denials for conventional Home Buyers due to new Federally Mandated restrictions regarding Qualified Mortgage Loans. QM stands for Qualified Mortgages, a definition made in the Dodd-Frank legislation. It went into effect in tandem with ATR, ATR stands for Ability to Repay. This basically codified how and what lenders must verify, document and consider when qualifying borrowers for Fannie Mae Loans under QM/ ATR. most of the qualification steps remain the same … (0 comments)
ga: New USDA property maps delayed
- 01/28/14 09:14 AM
New USDA property maps delayed USDA announced today that the new USDA Property Eligibility Maps based on 2010 Census data will not go into effect until Oct 1, 2014. This could change if congressional action ensues in the interrim. Most areas are still utilizing maps based on 2000 Census data until Oct 1, 2014, which includes many areas that would not be considered very Rural from the street. To view both the current eligibility maps, and the "future USDA RD eligibility areas", check out this link to the USDA RD Eligibility page. For help with purchasing a home … (0 comments)
ga: VA FAQ #10 - Are VA Loans available over $726K?
- 01/10/14 05:40 AM
VA FAQ #10 - Are VA Loans available over $726K? YES. We offer VA Loans over $726K to qualified Veterans. We even offer VA Loans over $1m all the way to $2.0M VA Jumbo Loan amounts to qualified Veterans with full VA Entitlement available. Many VA Lenders cap their VA loans at $424K, $650K, $729K, or $1m. VanDyk Mortgage offers qualified applicants VA Loans up to $1.5M. If your VA Jumbo Loan exceeds your County VA Loan Limit (VA Loan Limits can be found here), we will require equity or down payment to meet the VA Guaranty requirement. Our Minimum middle Fico score is … (0 comments)
ga: What is the max DTI with a Freddie Mac Loan with QM?
- 12/30/13 02:01 PM
What is the max DTI with a Freddie Mac Loan with QM? Much has been written about how QM will result in more credit denials for Home Buyers due to new Federally Mandated restrictions regarding Mortgage Loans. QM stands for Qualified Mortgages, a definition made in the Dodd-Frank legislation. It went into effect in Tandem with ATR, ATR stands for Ability to Repay. This basically codified how and what lenders must verify, document and consider when qualifying borrowers for Freddie Mac Loans under QM/ ATR. Freddie Mac is the common name for FHLMC, or the Federal Home … (0 comments)
ga: VA Loans - Frequently Asked Questions (VA Jumbo / VA High Balance too)
- 10/21/13 11:06 AM
VA Loans - Frequently Asked Questions (VA Jumbo / VA High Balance Answers too) We have been putting together a series of posts regarding some of the most frequently asked questions that we receive regarding VA Loan qualifications and guidelines. Here is a list of this work in progress for VA Loan Questions: VA FAQ 1: What is a VA Loan ? VA FAQ 2: Does the VA make VA Loans? VA FAQ 3: Who can qualify for a VA or VA Jumbo Loan? VA FAQ 4: What is the VA Loan Limit ? VA FAQ 5: What is a VA Jumbo … (0 comments)
ga: FHA Myth #5 - FHA Streamline Refinances
- 02/08/09 09:39 AM
FHA Myth #5 - FHA Streamline Refinances have to be with the same lender who currenly has your loan. Wrong. FHA makes no distinction here. You can get your FHA Streamline Refinance with your current lender or a new lender (such as VanDyk Mortgage). Won't my current lender waive fees & points to keep my loan? Sure sounds logical, doesn't it? But fact is Banks just don't offer these incentives anymore. (bank waiving fees to keep your business). Since most loans (OK, virtually all loans) are actually sold in some manner or form shortly after they are made, this makes this point harder to define. So … (0 comments)
ga: VA Home Loans - Refinance up to 100% of your current value
- 02/08/09 08:04 AM
The Headline is Correct: VA now allows 100% refinances up the VA Loan Limit for your area. VA refinances are no longer capped at 90% of your current appraised value. This change will allow Veterans, Active Duty Members & Reservists the option to refinance their non VA loans into safe, secure, fixed rate VA Loans. VA Loans have no MI or Mortgage Insurance. You can even combine a First and Second Mortgage into a new VA Loan without the restrictions of "cash out" designations that other loan types place on consolidations. Even better news: The previous limit of $144,000 on VA refinances … (0 comments)
ga: Updates on FHA Jumbo - 2nd appraisal Requirements
- 01/19/09 06:00 AM
New for 2009 with FHA Jumbo Loans are some changes to the second appraisal requirements for FHA Jumbo Loans. For FHA Jumbo loans the threshold for loans that require a second appraisal was those loans over $362,800 in 2008. The new Threshold for 2009 is $417,000. All FHA Loans $417,001 and above will require the second appraisal in 2009. This holds true for FHA Jumbo Purchase Loans, FHA Jumbo Refinance Loans, and non-credit qualifying FHA Jumbo Streamline Refinance loans. FHA Jumbo Streamline Refinance loans are available with NO appraisal required as long as we credit qualify the loan. FHA Cash out Refinances … (0 comments)
ga: FHA Streamline Refinance - Minimum time elapsed since home purchase before refi?
- 01/18/09 05:45 AM
FHA Streamline Refinance - What is the Minimum time elapsed since home purchase before eligible for and FHA Streamline Refinace?. This is a subject of great interest to recent home buyers who took advantage of the benefits of FHA loans to purchase their new homes. Well, rates have dropped significantly, and the question comes up, "How long do I have to wait before I can get a FHA Streamline Refinance or FHA Refinance after purchasing my home?" Most banks answer: 6 months or 12 months. VanDyk Mortgage Answer: No Minimum time! We do prefer that at least one on-time payment has been made … (0 comments)
The Government Loan Pro's Blog includes topics on Government backed Home Mortgage Loans and Lending, VA loans, VA Jumbo Loans, FHA Loans, USDA Loans, FHA Jumbo Loans, VA High Balance Loans, FHA 203K loans, Conventional Loans, Jumbo Loans, No monthly PMI Loans, Piggyback loans, 80/10/10 loans, Conforming High Balance Loans, how to use your VA Home Loan Benefit, San Diego, Los Angeles, SF Bay Area, Northern California and Southern California Home Loans, Seattle - Tacoma - Everett Area Home Loans, Colorado Home Loans, Denver Home Loans, Boulder Home Loans, Texas Home Loans, Dallas Home Loans, Houston Home Loans, San Antonio Home Loans, Virginia Loans, Washington Loans, Georgia Home Loans, Florida Home Loans, and more.
Visit us at vandykfunding.com for even more info or to get started. Or give us a call or text at 760-752-4480 direct.
NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268 Brian Skaar - Loan Originator http://www.nmlsconsumeraccess.org/
VanDyk Mortgage is an Equal Housing Opportunity Lender
All content Copyright 2007-2024 Brian Skaar & VanDyk Mortgage, all rights reserved.
VA FAQ #22 - Does the VA allow 100% Cash Out VA Loans?
;)
;)
;)
