georgia: The FHA Simple Refinance
- 09/15/15 01:58 AM
FHA's Simple Refinance On 9-14-2015, HUD has released new FHA Guidance that includes dozens of changes to FHA Rules for qualifying borrowers to purchase and refinance homes. This article will focus on FHA's new Simple Refinance. The new FHA Guidelines eliminated that FHA Streamline Refinance with Appraisal. This Streamline was beneficial to some FHA refinances as the Closing Costs and Prepaid items such as Property Tax and Insurance could be included in the Loan. With a FHA Streamline without Appraisal, the Closing Costs and Prepaid items such as Property Tax and Insurance must be paid either by the borrower … (0 comments)
georgia: Georgia Zero Down VA Loan Limits for 2015
- 03/18/14 02:49 PM
Georgia Zero Down VA Loan Limits for 2015 Georgia VA Loan Limits for 2015 remain at $417K for most GA Counties. However, Greene County sports a High Balance VA Loan Limit of $515,200 for Zero Down VA Loan Financing for 2015. Greene county Veterans can purchase a home up to $515K with a Zero Down VA Jumbo Loan (aka VA High Balance, or VA Super Conforming). In Greene County, GA Vets can also exceed the County VA Loan Limit of $515K, with a down payment of 25% of the overage beyond $515K. For example, if a Greene County, GA Veteran wanted to purchase a $915,000 home, the minimum down … (0 comments)
georgia: The $1m Georgia VA Loan
- 03/12/14 02:20 PM
The $1m Georgia VA Loan This may sounds ridiculous to many, but we offer (and make) $1m VA Loans. In fact, we offer (and close) VA Jumbo Loans over $1m, all the way to $1.5M! How is this you ask? Via the combination of VA Loan Limits in Georgia, plus a down payment on a VA purchase loan, or sufficient equity on a VA Refinance Loan. These large VA Loans have several names: VA Jumbo, VA High Balance, and sometimes VA Super Conforming. We call them VA Jumbo Loans. Georgia only has one county that exceeds the standard VA Loan limit … (0 comments)
georgia: VA FAQ #9 - Should I get a VA Pre-Qualification or VA Loan Pre-Approval?
- 01/10/14 05:05 AM
VA FAQ #9 - Should I get a VA Loan Pre-Qualification or VA Loan Pre-Approval? YES. You should get a full VA Loan Approval before shopping for a Home when planning to use VA Loan Financing from a Direct Lender that specializes in VA and VA Jumbo Loans, such as VanDyk Mortgage. Why should I get Full VA Loan Approval vs Pre-Approved vs Pre-qualified? A VA Mortgage Loan Pre-Approval from a VA direct lender is superior to a simplistic VA Loan Pre-qualification. A VA Loan Pre-Approval means we have reviewed your documentation, qualifications, credit report, and any special circumstances particular to your situation to ensure that … (0 comments)
georgia: VA FAQ #7 - Can I use a VA Loan to refinance my non VA loan?
- 10/10/13 09:36 AM
VA FAQ #7 - Can I use my VA Home Loan Benefit to refinance my non VA loan? The short answer is YES, qualified Vets can utilize a VA Home Loan or VA Jumbo Loan to refinance your non-VA loan into a safe, secure VA Loan. VA & VA Jumbo Loans can be used to refinance out of FHA loans, Conventional Loans, Helocs, Seconds, and Jumbo Loans into a new VA Loan or VA Jumbo Loan. There are many benefits of utilizing your VA benefit to refinance. VA Loan rates are very good when compared to Conventional Home Loan Rates … (0 comments)
georgia: Freddie Mac Loan Holders - Refinance options are still open
- 03/08/10 10:46 AM
Freddie Mac Loan Holders - Refinance options are still open for Millions of US Homeowners who have not been able to, or thought they couldn't refinance their Freddie Mac Loan due to reduced equity in their home. We are able to Refinance Freddie Mac home loans up to 125% of your current value. These refinances do require income documentation, but it is at a reduced level versus the normal requirements. Call us today to find out if you can take advantage of these low Mortgage rates with the Freddie Mac Home Affordable Refinance Program (HARP). Here is a related post on the options for refinance of a Fannie … (0 comments)
georgia: Fannie Mae Loan Holders - Refinance options still open for Millions of Homeowners
- 03/08/10 10:42 AM
Fannie Mae Loan Holders - Refinance options are still open for Millions of US Homeowners who have not been able to, or thought they couldn't refinance their Fannie Mae loan due to reduced equity in their home. We are able to Refinance Fannie Mae home loans up to 125% of your current value. We are also able to get the appraisal requirement waived in certain cases (case by case analysis and basis). These refinances do require income documentation, but it is at a reduced level versus the normal requirements. Call us today to find out if you can take advantage of … (0 comments)
georgia: VA Jumbo Refinance loans offer solutions conventional loans don't allow pt 1
- 10/31/09 07:18 AM
VA Jumbo Refinance loans offer solutions conventional loans don't allow. This may sound a little backwards from what you have seen or heard in the past about VA Loans, specifically VA Refinance Loans. VA now allows higher loan amounts up to $1,500,000, and VanDyk Mortgage offers these throughout California, Washington, Texas, Georgia, & our other states. Conventional Loans require more equity for Jumbo loan amounts over $417,000 for both rate/term refinance and cash out refinance than VA requirements. True Jumbo Conventional Loans require at least 20% equity in your home for refinance, more if you want cash out, or want to pay … (0 comments)
georgia: 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)
georgia: 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)
georgia: 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)
georgia: 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)
georgia: 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)
georgia: 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)
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FHA's Simple Refinance 
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