san diego: Getting FHA & VA offers approved - 03/31/10 02:53 PM
Getting FHA & VA purchase offers approved can seem daunting to a home buyer (and Realtors too).  
Many buyers experience a long frustrating process when trying to bid on Bank Owned, REO, Short Sale, or Corporate Owned Properties with a FHA loan or VA loan.   Why is this?   Steve Hall with RE/Max United,  one of our preferred Realtors here in North County San Diego, wrote a great success story on his blog regarding FHA & VA purchase offers.  
I fully agree with Steve that it boils down to much more than the type of loan you are using when trying to get an offer … (0 comments)

san diego: FHA High Balance or FHA Jumbo? What is the difference? - 03/28/10 09:12 AM
FHA High Balance or FHA Jumbo?  What is the difference?  The answer is simple: None.   FHA loans that are over $417,000 and up to the county FHA Loan Limits are called both FHA Jumbo and FHA High Balance loans.   These are available up to $729,750 in areas such as Los Angeles, Ventura County, Orange County, San Jose, San Francisco, and most of the Bay Area.  San Diego FHA Jumbo's go up to $697,500, while Seattle, Tacoma, King, Pierce,  and Snohomish counties can borrow up to $567,500 on a FHA Jumbo or FHA High Balance loan.
Back in 2008,  when Congress first approved higher … (0 comments)

san diego: 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)

san diego: FHA Home Loans are not just for First Time Homebuyers. - 03/14/10 07:56 AM
FHA Home Loans are not just for First Time Homebuyers.   It is a long held myth that FHA Loans are for First Time Homebuyers.   This is not the case.   FHA Loans are eligible for Primary Home Purchase and Primary Home refinance.   With increased FHA Loan limits up to $729,750 and several FHA refinance options and benefits,  FHA Home Loans offer current Homeowners opportunities. 
Homeowners looking to purchase a new home (ie move up buyer) can now take advantage of much higher FHA Loan limits to purchase their primary home.   Click here to find the FHA Loan limits for your area.
You can Refinance your Non-FHA Loan into … (0 comments)

san diego: VA Home Loans not just for First Time Homebuyers anymore - 03/10/10 02:54 AM
VA Home Loans are not just for First Time Homebuyers anymore.   With increased VA Loan limits and enhanced VA refinance options,  VA Home Loans offer current Veteran Homeowners two opportunities. 
Veterans looking to purchase a new home (ie move up VA buyer) can now take advantage of much higher VA Loan limits to purchase their primary home.  We will discuss VA Loan limits further in this article.
Refinance your Non-VA Loan into a safe, fixed rate VA loan (with no mortgage insurance, and up to 90% of your homes value, and this amount can include cash out).
Veteran Homebuyers in the greater Seattle-Tacoma-Everett … (0 comments)

san diego: 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)

san diego: updated main website - 03/07/10 05:50 AM
We have updated our main website - www.vandykfunding.com.   We have added pages for:
2010 Conventional loan limits  (these are the same as later 2009 limits)
2010 FHA Loan limits  (they are back to the same limits as later 2008 limits)
2010 VA loan limits
2010 California Conventional Loan limits for Fannie Mae & Freddie Mac
2010 Washington Conventional Loan limits for Fannie Mae & Freddie Mac
2010 California FHA Loan Limits by County
2010 Washgington FHA Loan limits by County
2010 California VA Loan Limits by County
2010 Washington VA Loan Limits by County
We are your resource for FHA, VA, … (0 comments)

san diego: California VA Loan Limits by County for 2010 - 03/07/10 04:27 AM
California VA Loan Limits by County for 2010
The Veterans Administration, in concert with some help from Congress in 2008 now allows Veterans and Active Duty Military Personnel to purchase homes in higher cost areas such as California and Washington at loan amounts much higher than the old VA limits.  Some examples in California are San Jose, San Francisco, Oakland, Fremont and much of the Bay Area may qualify for a 100% VA Jumbo loan up to $962,500.   Los Angeles and Orange county cities such as Los Angeles (duh), Irvine, Anaheim, Newport Beach, Costa Mesa, Laguna, Orange, Santa Monica, Hermosa Beach, … (0 comments)

san diego: 2010 FHA Loan limit snapshot by city for California and Washington - 03/05/10 08:22 AM
2010 Loan Limits for FHA loans in California and Washington are adding support to the housing markets with purchase prices over $400K and helping those who want to borrow over $417,000 to purchase their new home. The Base FHA Loan Limit remains at $271,050 accross much of the USA. The new Maximum limit for higher cost areas is now $729,750, with many counties accross America falling somewhere inbetween. Here are some highlights of the new loan limits: Bellevue, WA $567,500 Carlsbad, CA $697,500 Chula Vista, CA $697,500 Escondido, CA $697,500 Everett, WA $567,500 Greene County, GA $662,500 Key West, FL $729,750 … (0 comments)

san diego: Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program - 03/04/10 03:55 AM
Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program for conventional conforming loans.  
The regulator for Government run Fannie Mae and Freddie Mac has authorized a 1 year extension on the HARP Refinance initiative until June 2011.  This is also called the Home Affordable Refinance Program.   This program allows homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications such as reduced appraisal requirements, higher Loan to Values allowable, reduced income documention, etc.
The Fannie Mae program is called Refi Plus or DU Refi Plus.  This program allows several benefits … (0 comments)

san diego: True Jumbo Loans up to $2.5M - 02/27/10 08:31 AM
VanDyk Mortgage offers our new enhanced 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 & 30 year fixed rates).
> Principal & Interest or Interest Only (10 yr period)
> Loan to Value ratios up to 80%   (no reduction for Declining Markets such as California)
> Loan amounts up to $2.5 million
> Competitive Jumbo rates, unlike most Jumbo programs that are well over 8-9%, these are typically under 6.25% and sometimes even lower.  
> Full Income & … (0 comments)

san diego: 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)

san diego: FHA Streamline Refinances and 2010 Loan Limits - 02/27/10 05:10 AM
VanDyk Mortgage allows FHA Streamline Refinances ABOVE 2010 loan limits.   VanDyk Mortgage now allows FHA Streamline Refinances ABOVE the 2010 FHA loan limits.
VanDyk Mortgage will allow you to refinance your FHA Loan via the FHA Streamline Refinance even if your loan balance exceeds the 2010 FHA Loan limits for your area. 
Please call for details, 866-900-2342 toll free - ask for Brian Skaar.  
VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender.  Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 … (0 comments)

san diego: California FHA Loan Limits for 2010 - 02/27/10 04:19 AM
VanDyk offers FHA Loans up to the full FHA loan limit for every county that we serve.   FHA Loans for single family homes are available up to $729,750 in higher cost counties such as Los Angeles, San Francisco, Alameda, Contra Costra, Monterey, Orange County, Santa Clara, Santa Cruz, Ventura, San Benito, Marin, and Santa Barbara.   San Diego Homebuyers and Homeowners can get FHA Loans up to $697,500, Riverside and San Bernardino up to $500,000, Sacramento, El Dorado, and Placer counties up to $580,000.  Here is a list of the FHA loan limits for Single Family, Duples, Tri-plex and Four-Plex for all California … (0 comments)

san diego: VA IRRRL Refinance still available without appraisal - 11/01/09 05:53 AM
VanDyk Mortgage still offers the VA IRRRL Refinance still available without appraisal.   The VA IRRRL goes by a couple of other names,  the Earl,  VA Streamline Refinance, and VA Refinance.   Many large banks have begun to require appraisals for VA Streamline Refinances or IRRRL's.   VanDyk Mortgage does not require an appraisal for VA Streamlines - regular size or VA Jumbo.   We do require that your monthly mortgage payments have been made on time for the last 12 months and that the new IRRRL would benefit the Veteran with monthly savings.  
Here is another post that we did awhile back that contains many … (0 comments)

san diego: VA Jumbo Refinance loans offer solutions conventional loans don't allow pt2 - 10/31/09 07:43 AM
In our first post of this 2 part series, we outlined a few scenarios that VA Jumbo loans can help, whereas conventional jumbo loans simply cannot.
Here are two more compelling examples where VA Jumbo loans can help our Vets with safe, secure and affordable financing for their home:
Scenario 3.   You live in San Diego,  your home is worth $750K.   You have a first mortgage is $550K , and you have a second mortgage of $90K that you used to upgrade your home, and enhance it's value.    A conventional jumbo loan will consider this a Cash-Out transaction due to the second mortgage being … (0 comments)

san diego: 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)

san diego: Congress Approves higher Loan Limit Extension through 2010 - 10/30/09 06:55 AM
Congress Approves higher Loan Limit Extension through 2010
Today,  Congress approved an extension of higher loan limits for FNMA, FHLMC, and FHA (Fannie Mae, Freddie Mac & FHA) that will extend the current loan limits in place for 2009 to the end of 2010.   This will help avoid any disruption in the mortgage market as the housing sector tries to recover.  
The loan limits for your area can be found by clicking on the following links: 
FHA Loan Limits for high cost counties
Fannie & Freddie Loan Limits for high cost counties
VA Loan limits for high cost counties
VanDyk Mortgage … (0 comments)

san diego: 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)

san diego: 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)

 
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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