Spokane Conventional Loans with 3% down payment - 97% conventional financing options for the Spokane Area

This Program will be Retired by Fannie Mae and Freddie Mac (FNMA & FHLMC)  on Jan 8, 2014  

Spokane Conventional Loans with 3% down payment - 97% conventional financing options for the Spokane  Area

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

The Spokane Area is now eligible for our Conventional Loans up to 97% Loan to Value - Only 3% down payment is required.    We do not consider WA a declining market, so we are able to offer these enhance financing options for Conventional loans in the Greater Spokane Area. 

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 Washington:   Seattle, Bellevue, Tacoma, Everett, Kirkland, Redmond, Vancouver, Olympia, Puyallup, Federal Way, Snohomish, Bellingham, Mount Vernon, Yakima, Richland, Kennewick, Pasco, Sunnyside, Walla Walla, Mead, Ellensburg, Bremerton, Kent, Auburn, Des Moines, Seatac, Renton, Issaquah, North Bend, Woodinville, Bothell, Shoreline, Edmonds, Lynnwood, and all other WA cities and areas.