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Malibu VA Loans and FHA Home Mortgage Loan info for 2014

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

Malibu VA Loans and FHA Home Mortgage Loan info for 2014 - California VA Lender & FHA Lender  

VanDyk Mortgage is your source for VA Loans and FHA Loans in Malibu.  We have been making FHA, VA, Conforming, and Jumbo loans since 1987.   VanDyk Mortgage is a Direct Lender.   We offer many loan programs for Malibu Homebuyers and Malibu Homeowners to Purchase and Refinance homes.

  • FHA & FHA Jumbo (aka High Balance)
  • VA & VA Jumbo (aka High Balance)
  • Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
  • Jumbo Loans to $3m

Malibu FHA Loans are available up to $625,500 with just 3.5% down payment.  The FHA 2014 Loan Limit for Malibu is $625,500.  Malibu FHA Loans that are over $417K up to $625,500 are called FHA Jumbo or FHA High Balance loans.

Malibu  VA Loans are available up to $687,500 with zero down payment. The Malibu VA Loan Limit for 2014 is $687,500.  However, Veterans are not limited to the Los Angeles county Loan limit of $687,500 for VA 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.

Malibu Conforming Loans are available up to $625,500. The Malibu Conforming Jumbo Loans (aka Conforming High Balance, those over $417,000 and up to $625,500) require a minimum of 10% down-payment or equity.

 Malibu Home Loan information 

FHA Home loans for Malibu, California:

  • FHA Home Loans require just 3.5% down-payment
  • FHA Jumbo Loans up to $625,500 (aka FHA High Balance)
  • The Seller can pay up to 6% of your closing and settlement costs.
  • Minimum score for most FHA Home Loans is just 620, even on FHA High balance or FHA Jumbo.
  • You can receive a gift of funds for your Down-payment and closing costs from Family
  • FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
  • FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans for Malibu, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $687,500
  • A $1.2M Malibu Home Purchase would only require $128,125 down-payment - not including the VA Funding Fee
  • 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 costs
  • VA Loans are available to purchase or refinance Condominiums.  Here is more information on VA Condo Loans for Malibu
  • VA Jumbo Loans available for Condo Purchase and Refinance also!
  • VA IRRRL Streamlines available for Non-owner and Investment homes
  • We do not limit VA Jumbo IRRRL Streamlines to the Los Angeles County VA Loan Limit

Conforming Home Loans for Malibu, California:

  • Now available – NO Monthly PMI Loans up to $417K with 5% down-payment
  • Malibu Conforming loans available up to $417,000
  • Just 5% down-payment required up to $417K
  • Conforming Jumbo Loans available up to $625,500 - AKA Conforming High Balance
  • Conforming Jumbo Loans over $417K require a minimum of 10% down-payment or up to 90% LTV
  • Allow for condominiums, Second Homes, and investment properties
  • Call for details on Fico score requirements, down-payment requirements, etc

We offer Jumbo Conventional Loans up to $3m - call for details.   VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

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