Avalon 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 Avalon. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Avalon Homebuyers and Avalon 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
Avalon FHA Loans are available up to $625,500 with just 3.5% down payment. The FHA 2014 Loan Limit for Avalon is $625,500. Avalon FHA Loans that are over $417K up to $625,500 are called FHA Jumbo or FHA High Balance loans.
Avalon VA Loans are available up to $687,500 with zero down payment. The Avalon 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.
Avalon Conforming Loans are available up to $625,500. The Avalon 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.
Avalon Home Loan information
FHA Home loans for Avalon, California:
- FHA Home Loans require just 3.5% down-payment
- FHA Jumbo Loans up to $625,500 (aka FHA High Balance)
- The $625,500 is the base loan amount - the Avalon FHA Loan Limit of $625,500 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
- The Seller can pay up to 3% 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 Avalon, California:
- Active Duty Military and Veterans can both qualify
- 100% financing up to $687,500
- A $818k Avalon Home Purchase would only require $32,812 down-payment
- 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 Avalon
- 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 Avalon, California:
- Now available – NO Monthly PMI Loans up to $417K with 5% down-payment
- Avalon Conforming loans available up to $417,000
- Just 3% 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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