Conventional Loans with 3% down payment in California - 97% conventional financing options

 This program will be retired by Fannia Mae and Freddie Mac (FNMA and FHLMC) on Jan 8, 2014

Conventional Loans with 3% down payment in California - 97% conventional financing options

VanDyk Mortgage offers Conventional Purchase loans up to $417,000 with just a 3% down payment. Here are some basic details:

California and Washington state are now eligible for our Conventional Fannie Mae Loans up to 97% Loan to Value - Only 3% down payment is required.    We do not consider CA or WA declining markets, so we are able to offer these enhance financing options for Conventional loans.

Minimum credit score = 720

Maximum Debt Ratio = 41% 

Condo's OK to 95%!  Info on our 95% conventional loan.  The 5% down option allows for lower fico score (to 660) and higher Debt Ratios.   

Loan amounts up to $417,000 (that would be a purchase price up to $429,900 with 3% down).

If you don't have a 720 middle score, or have a slightly higher debt ratio, we can alao help with our FHA Loans. If your purchase price is higher than $429K, FHA Jumbo may be able to help as well.

Give us a call to get started - 760-752-4480.  Ask for Brian Skaar.  

We offer the 97% Conventional Loan in the following cities in California:  Los Angeles, San Diego, San Jose, Bay Area, Riverside, Sacramento, Bakersfield, Oakland, Corona, Oceanside, Escondido, Anaheim, Santa Ana, Pasadena, Santa Monica, Long Beach, Ventura, Santa Barbara, Monterey, San Francisco, Ontario, San Bernardino, Irvine, Fresno, Stockton, and all other CA cities and areas.  

CA, Direct Lender, Conventional, Conforming, 97, 3 percent, 97 percent, low down