Canyon Lake 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 Canyon Lake. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Canyon Lake Homebuyers and Canyon Lake 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
Canyon Lake FHA Loans are available up to $355,350 with just 3.5% down payment. The FHA 2014 Loan Limit for Canyon Lake is $355,350. Canyon Lake FHA Loans are available as soon as 3 years after foreclosure, 2 years after Bankruptcy Discharge and anywhere from0-3 yrs after a Short Sale - Call for details on the FHA Loan After Short Sale requirements.
Canyon Lake VA Loans are available up to $417,000 with zero down payment. The Canyon Lake VA Loan Limit for 2014 is $417,000. However, Veterans are not limited to the Riverside county Loan limit of $417,000 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.
Canyon Lake Conforming Loans are available up to $417,000. We offer conventional loans with as little as 6% down in Canyon Lake and throughout Riverside County.
Canyon Lake Home Loan information
FHA Home loans for Canyon Lake, California:
- FHA Home Loans require just 3.5% downpayment
- FHA Loans up to $355,350
- 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 Downpayment 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.
- FHA Loans available to purchase a 2-4 Unit Home where you occupy 1 unit
VA Home Loans for Canyon Lake, California:
- Active Duty Military and Veterans can both qualify
- 100% financing up to $417,000
- A $517k Canyon Lake Home Purchase would only require $25,000 down payment (4.84%) - 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 Canyon Lake Condominiums. Here is more information on VA Condo Loans
- VA Loans available to purchase 2-4 Unit Homes where the Veteran occupies 1 unit.
Conforming Home Loans for Canyon Lake, California:
- Canyon Lake Conforming loans available up to $417,000
- Just 5% down payment required up to $417K
- Now available – NO Monthly PMI Loans up to $417K with 5% downpayment
- 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.
Comments(0)