fhlmc: Enhanced Options for Fannie Mae and Freddie Mac Refinances - HARP 2012 is here - 01/16/12 04:57 AM
Enhanced Options for Fannie Mae and Freddie Mac Refinances - HARP 2012 is here
Fannie Mae & Freddie Mac have extended and enhanced teh HARP Refinance program into 2012 for California homeowners - HARP -Home Affordable Refinance Program for Conventional Conforming loans.
The Regulator for Government run Fannie Mae and Freddie Mac has authorized an extension on the HARP Refinance initiative throughout 2012 for California Homeowners.  This is also called the Home Affordable Refinance Program.   This program allows California homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications such as reduced appraisal requirements, No Maximum Loan … (0 comments)

fhlmc: The difference between Conventional and Conforming Loans. - 03/28/10 08:48 AM
The difference between Conventional and Conforming Loans.
Ever since I can remember, these two terms are incorrectly referenced in the media, websites, and by Mortgage lenders and Realtors as well.   So what is the difference between a Conventional Loan and a Conforming loan?   Let's start with defining Conventional Loans.   Loans fall into two main categories:  Government and Conventional.  Government loans include FHA Loans (Federal Housing Administration), VA Loans (department of Veterans Affairs) and USDA Rural Development (United States Department of Agriculture).   If a loan is not one of the former three, VA, FHA, or USDA, then it is a Conventional Loan.   Conventional loans are … (0 comments)

fhlmc: 2010 California FNMA & FHLMC Loan Limits- Fannie Mae & Freddie Mac Loan limits 2010 - 02/27/10 08:10 AM
2010 California FNMA & FHLMC - Fannie Mae & Freddie Mac Loan limits 2010
Fannie Mae & Freddie Mac have retained the expanded 2009 loan limits for 2010.  The standard conventional loan limit remains at $417K accross the USA.  This is also called the Conforming Loan Limit ($417K).   High Cost Areas have loan limits based on the new formula in the 2008 housing bill passed in July of 2008, and are also called Conforming Jumbo, High Balance, or Super Conforming loans.
There are different ratios and loan to value ratios for the Fannie Mae & Freddie Mac loans that exceed the standard limit of $417K.  They … (0 comments)

fhlmc: Limits on number of properties financed - Updated 1-23-2014 - 02/08/09 07:22 AM
Limits on number of properties financed - Updated 1-23-2014
There have been many changes in lending the past few years and this post will deal with the maximum number of properties financed.   Here is a quick guide to our rules on this:
Fannie Mae (FNMA) and Freddie Mac (FHLMC) have a limitation of 4 maximum properties that are financed.   We interpret the rule as follows:  If the subject property ( the home you are financing) is a second home or investment home,  you can only have a maximum of 4 financed properties under the standard offering.  
If the home you are financing is … (0 comments)

fhlmc: new 2009 Loan Limits for Fannie & Freddie released today - 11/07/08 05:51 AM
Fannie Mae & Freddie Mac have new loan limits for 2009, as released today.  The standard conventional loan limit remains at $417K accross the USA.   High Cost Areas have new limits based on the new formula in the 2008 housing bill passed in July.
We expect to see some updates to the current Fannie Mae & Freddie Mac guidelines for loans that exceed the standard limit of $417K which will keep these larger sized loans affordable & attainable.  We will keep you posted as we hear updates.
We also expect to see updates soon from HUD regarding the 2009 FHA loan … (0 comments)

 
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Brian Skaar

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

San Diego, CA

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

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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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