in: VA FAQ #22 - Does the VA allow 100% Cash Out VA Loans? - 03/20/15 09:26 AM
VA FAQ #22 - Does the VA allow 100% Cash Out VA Loans?
 
100% Cash Out VA Loans are available again.    You read the headline correct:   VanDyk now offers VA loans up to 100% loan to value for VA cash out refinances.   VA refinances are no longer capped at 90% of your current appraised value.   These are available up to $424K loan amounts.   (if your VA Loan Amount will need a higher balance, Our VA Jumbo Loans allow up to 100% as well.  Please inquire direct to 760-752-4480 to see if you have enough equity to make a new … (0 comments)

in: Get Started here for your FHA Loan Approval - 02/28/15 01:12 AM
We offer fully Underwritten Approvals for FHA & FHA Jumbo Purchase Loans prior to finding a property.  
We call this our Fast Forward Approval program.   
Our proprietary Fast Forward Approval process solidifies your qualifications, and also allows you to move through your FHA Purchase Transaction in a comfortable, timely fashion that has much less stress than rushing through both the loan and home purchase at the same time.   Most of the heavy lifting is done up front so you can concentrate on finding and closing on the best home for your family.  
Let's get started,  we … (0 comments)

in: Get Started here for your VA Loan Approval - 02/27/15 08:33 AM
We offer fully Underwritten Approvals for VA & VA Jumbo Purchase Loans prior to finding a property.  
We call this our Fast Forward Approval program.   
Our proprietary Fast Forward Approval process solidifies your qualifications, and also allows you to move through your Purchase Transaction in a comfortable, timely fashion that has much less stress than rushing through both the loan and purchase at the same time.   Most of the heavy lifting is done up front so you can concentrate on finding and closing on the best home for your family.  
Let's get started,  we would be … (0 comments)

in: Downpayment from Gift Funds for 95% Conforming Loans - 02/19/14 04:21 AM
Downpayment from Gift Funds for 95% Conforming Loans
We now offer 95% conventional loans (5% down) up to $417K with the entire down payment can be from gift funds. 
Recent upgrades from our PMI providers make this new option available.   Fannie Mae and Freddie Mac lifted their Gift Fund resctrictions last year.   The gift funds do have to be sourced,  be from an immediate family member, and be documented. We can help guide you in the process to make sure this is handled correctly. 
We allow gift funds for 5% Down Conforming Loans  on Single Family Residences and Condominiums up to $417K. 
We … (0 comments)

in: Gift Funds OK for 95% conventional Loans - 02/19/14 04:01 AM
Gift Funds OK for 95% conventional Loans
We now offer 95% conventional loans (5% down) up to $417K with the entire downpayment being gift funds. 
Recent PMI company changes make this possible, as Fannie Mae and Freddie Mac lifted their Gift Fund resctrictions last year.   The gift funds do have to be sourced,  be from an immediate family member, and be documented.  We can help guide you in the process to make sure this is handled correctly. 
We allow gift funds for 5% Down Conventional Loans  on Single Family Residences and Condominiums up to $417K. 
We offer this program in … (0 comments)

in: What is the Maximum Debt Ratio- (aka DTI) with a VA Loan with QM? - 02/16/14 02:37 PM
What is the Maximum Debt Ratio- (aka DTI) with a VA Loan with QM?
There has been much talk about how QM will result in more denials for VA Home Buyers using VA Financing due to new Federally Mandated restrictions regarding Mortgage Loans.    QM is also known as Qualified Mortgages, as defined  in the Dodd-Frank legislation.   QM went into effect the same time as ATR, in January, 2014,   ATR stands for Ability to Repay.   This basically codified how and what lenders must verify, document and consider when qualifying VA borrowers for VA Loans under QM/ ATR.  VA stands … (0 comments)

in: What is the Maximum Debt Ratio- (aka DTI) with a FHA Loan with QM? - 02/16/14 02:20 PM
What is the Maximum Debt Ratio- (aka DTI) with a FHA Loan with QM?
Much has been written about how QM will result in more Turn Downs or credit denials for Home Buyers using FHA Financing due to new Federally Mandated restrictions regarding Mortgage Loans.    QM is also know as Qualified Mortgages, as defined  in the Dodd-Frank legislation.   It went into effect the same time as ATR,   ATR stands for Ability to Repay.   This basically codified how and what lenders must verify, document and consider when qualifying FHA borrowers for FHA Loans under QM/ ATR.  FHA stands for … (0 comments)

in: What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM? - 02/16/14 01:59 PM
What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM?
Much has been written about how QM will result in more credit denials for conventional Home Buyers due to new Federally Mandated restrictions regarding Qualified Mortgage Loans.    QM stands for Qualified Mortgages, a definition made in the Dodd-Frank legislation.   It went into effect in tandem with ATR, ATR stands for Ability to Repay.   This basically codified how and what lenders must verify, document and consider when qualifying borrowers for Fannie Mae Loans under QM/ ATR.  most of the qualification steps remain the same … (0 comments)

in: New USDA property maps delayed - 01/28/14 09:14 AM
New USDA property maps delayed
USDA announced today that the new USDA Property Eligibility Maps based on 2010 Census data will not go into effect until Oct 1, 2014.   This could change if congressional action ensues in the interrim.   Most areas are still utilizing maps based on 2000 Census data until Oct 1, 2014, which includes many areas that would not be considered very Rural from the street.   
To view both the current eligibility maps, and the "future USDA RD eligibility areas",  check out this link to the USDA RD Eligibility page.
For help with purchasing a home … (0 comments)

in: VA FAQ #10 - Are VA Loans available over $424K? - 01/10/14 05:40 AM
VA FAQ #10 - Are VA Loans available over $424K?
YES.   We offer VA Loans over $424K to qualified Veterans. 
We even offer VA Loans over $1m all the way to $1.5M VA Jumbo Loan amounts to qualified Veterans. 
Many VA Lenders cap their VA loans at $424K,  $650K, $729K, or $1m.    VanDyk Mortgage offers qualified applicants VA Loans up to $1.5M.  If your VA Jumbo Loan exceeds your County VA Loan Limit (VA Loan Limits can be found here),  we will require equity or down payment to meet the VA Guaranty requirement.
Our Minimum middle Fico score is just 580 on all VA Loans up to … (0 comments)

in: What is the max DTI with a Freddie Mac Loan with QM? - 12/30/13 02:01 PM
What is the max DTI with a Freddie Mac Loan with QM?
Much has been written about how QM will result in more credit denials for Home Buyers due to new Federally Mandated restrictions regarding Mortgage Loans.    QM stands for Qualified Mortgages, a definition made in the Dodd-Frank legislation.   It went into effect in Tandem with ATR,   ATR stands for Ability to Repay.   This basically codified how and what lenders must verify, document and consider when qualifying borrowers for Freddie Mac Loans under QM/ ATR.  Freddie Mac is the common name for FHLMC, or the Federal Home … (0 comments)

in: VA Loans - Frequently Asked Questions (VA Jumbo / VA High Balance too) - 10/21/13 11:06 AM
VA Loans - Frequently Asked Questions (VA Jumbo / VA High Balance Answers too)
We have been putting together a series of posts regarding some of the most frequently asked questions that we receive regarding VA Loan qualifications and guidelines.  
Here is a list of this work in progress for VA Loan Questions: 
VA FAQ 1:   What is a VA Loan ?
VA FAQ 2:   Does the VA make VA Loans?
VA FAQ 3:   Who can qualify for a VA or VA Jumbo Loan?
VA FAQ 4:   What is the VA Loan Limit ? 
VA FAQ 5:   What is a VA Jumbo … (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

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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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