california: The Home Ownership Accelerator is back - 10/25/09 04:27 AM
The Home Ownership Accelerator is back!   (aka the HOA).  
We are proud to announce that we are again offering the Home Ownership Accelerator loan (HOA).  
One of the unfortunate casualties of the Mortgage Meltdown was the Home Ownership Accelerator loan program.   This loan program allowed USA homeowners the power to utilize interest saving techniques used in Australia & much of Europe to pay off their Home Mortgage Early without paying any extra money each month.    The Program has helped thousands of US homeowners speed up their loan payoff by years while maintaining their current lifestyle and no reduction in available spending … (0 comments)

california: VA Home Loans with Fico's as low as 620 still available - 10/25/09 04:18 AM
VanDyk Mortgage is proud to announce that we offer VA Loans for Borrowers with fico scores as low as 620.
Many VA Lenders have begun to require minimum Fico scores for VA Loans of 640 or 660 in recent months.   This is not due to changes in the VA Loan Program, or mandates from the Veterans Administration (who oversees the VA Loan program), these are individual Lender requirements from many of the big banks & lenders (yes, the same ones we all bailed out with our Tax Dollars).  
VanDyk Mortgage is proud to announce that we have VA Loans available for Borrowers with fico's as low as … (0 comments)

california: FHA loans still available with Fico's as low as 580 - 10/25/09 03:46 AM
VanDyk Mortgage is proud to announce that we offer FHA Loans for Borrowers with fico scores as low as 580.
Many FHA Lenders have begun to require minimum Fico scores for FHA Loans of 640 in recent months.   This is not due to changes in the FHA Loan Program, or mandates from HUD (who oversees the FHA program), these are individual Lender requirements from many of the big banks (yes, the same ones we all bailed out with our Tax Dollars).  
VanDyk Mortgage is proud to announce that we have FHA Loans available for Borrowers with fico's as low as 580.  These are available … (0 comments)

california: VA Streamline Refinance - No Appraisal required - aka VA IRRRL loan - No Appraisal required - 10/11/09 07:39 AM
VA Streamline Refinance aka VA IRRRL loans still available without Appraisal  
Many VA lenders require property appraisals for VA Streamline Refinances (AKA VA IRRRL or VA Interest Rate Reduction Refinance Loan).   The US Agency that oversees the VA Loan program, the US Department of Veterans Affairs, does not have this requirement.   This is a requirement of individual Lenders/Banks.    
VanDyk Mortgage offers VA IRRRL loans without an appraisal.   We also offer this option on VA Jumbo Streamline IRRRL's (aka VA High Balance IRRRL's).    VanDyk Mortgage offers the VA Streamline Refinance in California, Washington, Georgia, Texas & all other states we … (0 comments)

california: VA Myth - VA loans are only available up to $484K - 04/26/09 06:02 AM
VA Myth - VA loans are only available to $417K (or $424K, $453K,  484K, $729K, or even $1m)
A common myth with VA Loans is that they don't work for your area, the loan amounts are too low for your area, or that Sellers aren't accepting VA Offers.   In the past this was true, but with VanDyk Mortgage,  this is no longer true.    Please see our VA Loan Limits page for details on your county limits. 
The nationwide VA Loan Limit for 2019 is $484,350 (some counties qualify for higher VA Loan Limits)
VA Loan Amounts above $484,350 are called VA Jumbo Loans … (0 comments)

california: VA loans fast becoming the best choice for Vets to Refinance & purchase homes - 04/26/09 05:13 AM
VA loans are fast becoming the best choice for Vets to Refinance and purchase their homes.    
Recent enhancements to VA guidelines now allow Veterans and Active Duty Military to refinance out of Conventional, Jumbo, Sub-Prime, Alt-A, Option ARM, and other non VA loans into Safe fixed rate VA Loans.  (see our recent post on VA loan changes here).  
The old VA Limit for these refinances was $144000, regardless of where you lived and your county loan limit.     2009 brought changes to both the VA Loan limits and the way VA calculates your eligibility for Guarantee.   If you have full elibility (or fully restored entitlement) you can purchase … (0 comments)

california: VA Loans - Converting your Present home into a rental - 03/14/09 06:17 PM
VA Loans - Converting your Present home into a rental home and buying a new primary home.
Many loan programs have limitations on qualification when converting an existing primary residence into a Rental when purchasing a new primary home.   Some of the restrictions include: 
Must qualify for both mortgages with current income, with no credit for new Rent Income.  Increased Asset Reserve requirements (6-12 months PITI reserves for both properties) VanDyk Mortgage allows you to Purchase a new Home with a VA Loan (for eligible Vets & Active Duty Service Members), convert your current primary residence into a Rental, and use … (0 comments)

california: 90% no MI - Investment property purchase loans- California - 03/14/09 05:55 PM
90% no MI - Investment property purchase loan - California   Just 10% down payment.  
Yes, 10% down,  no MI.   This is for real.   In our last post on our innovative new "Fannie Foreclosure Mover Loan"   I forgot to mention that this program is available to Investors!   Investors can purchase select homes owned by Fannie Mae with just 10% down.  Even in California, Florida, and other Declining markets.  Even better, the Fico Minimums are reasonable, 660 for loans under $417K.   This program even allows ficos down to 580 with 20% downpayment.    This is a great loan product for Non Owner Occupied purchases.  
For … (0 comments)

california: 95% conventional financing in California - NO MI! - 03/14/09 05:38 PM
We now offer 95% financing in California with no MI on select homes.
When you purchase a Fannie Mae Owned Foreclosure Property, you may be eligible for our new Fannie Foreclosure Mover Loan.   This new loan allows you to finance up to 95% of the Purchase price with ZERO Mortgage Insurance (MI).     
Loan amounts up to $417K are eligible up to 95%.      
This is even available in California and Florida with these terms.     
There are no Declining Market restrictions on this loan program.  
We also offer these for the High Balance or Conforming Jumbo Loan sizes … (0 comments)

california: Revised 2009 FHA Loan Limits - 03/08/09 04:58 PM
With the recent Stimulus bill passed in Congress & the Senate were provisions to return the FHA Loan Limits back to the higher levels of 2008.   These higher loan limits are available immediately with VanDyk Mortgage for our FHA Jumbo Purchase Loans, FHA Jumbo Refinance loans, FHA Jumbo Streamline Refinance loans, and FHA Cash out Refinance Loans.    
The revised 2009 FHA loan limits return the high end to $729,750 in higher cost counties such as Los Angeles, Santa Clara, San Francisco, Orange County, and more.  San Diego County returns to a max 2009 FHA Loan Limit of $697,500.     Some … (0 comments)

california: FHA Myth #5 - FHA Streamline Refinances - 02/08/09 09:39 AM
FHA Myth #5  -  FHA Streamline Refinances have to be with the same lender who currenly has your loan.
Wrong.  FHA makes no distinction here.   You can get your FHA Streamline Refinance with your current lender or a new lender (such as VanDyk Mortgage). 
Won't my current lender waive fees & points to keep my loan?   Sure sounds logical, doesn't it?  But fact is Banks just don't offer these incentives anymore.  (bank waiving fees to keep your business).   Since most loans (OK, virtually all loans) are actually sold in some manner or form shortly after they are made, this makes this point harder to define.  So … (0 comments)

california: Jumbo Loan program Update - 02/08/09 09:11 AM
VanDyk Mortgage is proud to introduce our new Jumbo Loan Programs.   We call it our Premier Jumbo Line.    
Here are the basics:   
> Available in 3yr ARM, 5 yr ARM, or 7 yr ARM  (+ 15 yr fixed).
> Principal & Interest or Interest Only (10 yr period)
> Loan to Value ratios up to 80%  (70% in declining markets, call for details on your market status)
> Loan amounts up to $2 million
> Competitive rates, similar to Conforming Jumbo Rates  (unlike most Jumbo programs that are well over 8-9%, these are typically under 6.5% and sometimes even … (0 comments)

california: VA Home Loans - Refinance up to 100% of your current value - 02/08/09 08:04 AM
The Headline is Correct:  VA now allows 100% refinances up the VA Loan Limit for your area.  
VA refinances are no longer capped at 90% of your current appraised value.   This change will allow Veterans, Active Duty Members & Reservists the option to refinance their non VA loans into safe, secure, fixed rate VA Loans.   VA Loans have no MI or Mortgage Insurance.  You can even combine a First and Second Mortgage into a new VA Loan without the restrictions of "cash out" designations that other loan types place on consolidations.
Even better news:   The previous limit of $144,000 on VA refinances … (0 comments)

california: 2009 VA refinance rules help Veterans & Active Duty Service members out of ARM loans - 02/08/09 07:57 AM
New VA rules for 2009 have created better Refinance options for US Vets & Active Duty Service Members.   The new VA rules allow Vets & Active Duty Service Members to refinance their non VA home loans into safe, secure VA Fixed Rate Home Loans up to 100% of their homes appraised value.   This new program can help thousands of USA Vets & Active Duty Service Members to save their homes, protect their financial future, and start building wealth for the future. 
If you need to Refinance your Non-VA home loan, the new VA Refinance offers you the best option for affordability, and it is very reasonable … (0 comments)

california: Updates on FHA Jumbo - 2nd appraisal Requirements - 01/19/09 06:00 AM
New for 2009 with FHA Jumbo Loans are some changes to the second appraisal requirements for FHA Jumbo Loans. 
For FHA Jumbo loans the threshold for loans that require a second appraisal was those loans over $362,800 in 2008.   The new Threshold for 2009 is $417,000.   All FHA Loans $417,001 and above will require the second appraisal in 2009.    This holds true for FHA Jumbo Purchase Loans, FHA Jumbo Refinance Loans, and non-credit qualifying FHA Jumbo Streamline Refinance loans.  FHA Jumbo Streamline Refinance loans are available with NO appraisal required as long as we credit qualify the loan.
FHA Cash out Refinances … (0 comments)

california: FHA Streamline Refinance - No Appraisal Required - 01/18/09 07:34 AM
VanDyk Mortgage offers FHA Streamline refinances with No Appraisal Required.  
This a great way for families with FHA Loans who purchased a home in the past couple years or who may have refinanced their FHA Loan in the past couple years an opportunity to take advantage of today's low interest rates to lower their home loan rate with a FHA Streamline Refinance without the worry about stagnant or falling property values killing the deal.   
FHA, FHA Jumbo Loans, FHA 203K loans, and FHA Secure loans all qualify for the FHA Streamline Refinance with no appraisal requirement.   There is no … (0 comments)

california: USDA Rural Home Loans - the 100% financing alternative. - 01/11/09 04:33 PM
USDA Rural Home Loans - the 100% financing alternative, & Seller Paid closing costs are allowed!  
That's right, in this tight credit environment where the big banks won't give a break to the "Joe Six-Pack" homebuyer (in the words of Sarah Palin), the little known USDA Rural Development Loan program comes to the rescue.  
With the USDA Rural Development Loan you can:
*zero down payment  - 100% financing
*finance your closing costs - up to 6% 
*get all your closing costs paid by the seller (up to 6%)  
Affordable, Fixed rate Home Loans for much of America.   Please call … (0 comments)

california: Enhanced VA refinance Options for Current VA Home loan holders - 01/11/09 02:10 PM
Enhanced VA refinance Options for Current VA Home loan holders.   The Enhance VA Streamline Refinance to lower your interest rate on your VA Loan.
Recent legislation passed by Congress now allows Current VA loan holders to Refinance their VA Home Loans into lower interest rate VA Home Loans via the VA IRRRL, AKA " the Earl"  or Interest Rate Reduction Refinance Loan.  What a mouthful.  I prefer Earl.  
This loan is now available up to the VA Loan Limit for your area.  These were previously limited to $144,000.  
The Streamline VA Refinance program allows you to Lower your interest rate & … (0 comments)

california: No declining market restrictions on our 100% cash out refinance VA Loans. - 12/04/08 08:15 AM
There are No declining market restrictions on our 100% cash out refinance VA Loans.  
I forgot to mention this in the last blog post; blog post on 100% cash out VA refinances.    
There is no limitation on which states qualify for the 100% cash out refi option on these loans, there is no additional declining market cap on LTV like Fannie, Freddie, & private loans.   All "declining" markets are fully eligible for these loans, including California, Arizona, Nevada, Florida, Georgia, etc.   
(0 comments)

california: 100% Cash out Refinance - VA Enhancements - 12/04/08 07:47 AM
You read the headline correct:   VA now allows 100% cash out refinances.   VA refinances are no longer capped at 90% of your current appraised value.  This change will allow Veterans, Active Duty Members & Reservists the option to refinance their non VA loans into safe, secure, fixed rate VA Loans.   VA Loans have no MI or Mortgage Insurance.   
Even better news:   The previous limit of $144,000 on VA refinances has been lifted, and the limit is now the VA Loan limit for your county.  Click here to see your limit: New VA loan limits for 2009 Blog Post .    
The Entitlement … (0 comments)

 
Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480 (VanDyk Mortgage -  VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender) Rainmaker large

Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480

San Diego, CA

More about me…

VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender

Address: 310 Via Vera Cruz, ste 210 & 211, San Marcos, CA, 92078

Office: (760) 752-4480

Office: 866-900-2342

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The Government Loan Pro's Blog includes topics on Government backed Home Mortgage Loans and Lending, VA loans, VA Jumbo Loans, FHA Loans, USDA Loans, FHA Jumbo Loans, VA High Balance Loans, FHA 203K loans, Conventional Loans, Jumbo Loans, No monthly PMI Loans, Piggyback loans, 80/10/10 loans, Conforming High Balance Loans, how to use your VA Home Loan Benefit, San Diego, Los Angeles, SF Bay Area, Northern California and Southern California Home Loans, Seattle - Tacoma - Everett Area Home Loans, Colorado Home Loans, Denver Home Loans, Boulder Home Loans, Texas Home Loans, Dallas Home Loans, Houston Home Loans, San Antonio Home Loans, Virginia Loans, Wyoming Home Loans, Washington Loans, Georgia Home Loans, Massachusetts Home Loans, Wyoming Home Loans, and more. Visit us at vandykfunding.com for even more info or to get started. Or give us a call at 760-752-4480 direct. NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268 Brian Skaar - Loan Originator http://www.nmlsconsumeraccess.org/ All content Copyright 2007-2018 VanDyk Mortgage, all rights reserved.


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