san diego: FHA Jumbo Refinance, FHA Jumbo Purchase loans & FHA Jumbo Streamline Refinance loans - California - 04/26/09 04:53 AM
FHA Jumbo Refinance, FHA Jumbo Purchase loans & FHA Jumbo Streamline Refinance loans for California Homeowners and Homebuyers. 
We are continuing to see the FHA Jumbo Refinance become a more common option for  California Homeowners.   This is in large part due to the affordability, safety, and security that the FHA Loan offiers.
This loan allows you to refinance your first mortgage into a Safe, Fixed Rate FHA Loan at terms that are typically more favorable than conventional lending options.   If your home has come down in value, the FHA option may still be able to help you refinance out of your Adjustable rate loan.   FHA … (0 comments)

san diego: 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)

san diego: 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)

san diego: 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)

san diego: January 11th, 2009 - 01/11/09 04:35 PM
This is a test post.  
 
www.vandykfunding.com www.fhadirectlenders.com www.ajsandiego.com
(0 comments)

san diego: 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)

san diego: 100% financing in California.... - 12/03/08 03:47 AM
100% financing in California.   It still exists.    
Fannie, Freddie, & the Private Mortgage Insurance companies have limited California purchases to a minimum of 10% down payment, or a maximum of 90%.    
For Veterans & Active Duty Service members the VA loan still offers 100%, no money down financing in California.   Recent enhancements for 2009 loans have increased the loan limits, and your entitlement might be higher that you thought.   
For example,  San Diego VA loans are available up to $593,750,  Los Angeles up to $737,500, Orange County up to $737,500, and San Bernardino / Riverside up to $417,000.    
(0 comments)

san diego: 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)

san diego: Instant Equity Growth in a down market - How to create equity in your new California home. - 09/28/08 12:31 PM
How can I create Instant Equity Growth in a down market?  Read on to find out how to create instant equity in your new California home purchase.   (warning:  reading this article might make you want to purchase a bank REO, REPO or Short Sale utilizing our new VanDyk FHA Rehab Express loan!) 
One sure fire way to create instant Equity Growth in your new home is to utilize the VanDyk FHA Rehab Express Loan.  Our VanDyk Rehab Express loan allows you combine the cost & installation of new paint, flooring, appliances, roof, siding, patio, interior upgrades, and more with your new home purchase.
This … (0 comments)

san diego: Fannie & Freddie Bailout helps FHA Borrowers too - 09/08/08 05:22 PM
This weekends blockbuster government takeover of Government Sponsored Mortgage Giants Fannie Mae (FNMA) and Freddie Mac (FHLMC) has created a welcome stability and confidence in both the mortgage market and the money markets as a whole.   These entities are too large, effect too many individuals, and would create too much havoc if crippled for the US government to let them fail.   I am not a personal fan of more government, but in this case, hoorah.  It is necessary for the stability of many levels of our economy.
So the real question I promised to answer was, How does the Fannie & Freddie bailout … (0 comments)

san diego: Fannie & Freddie Bailout helps FHA Borrowers too - 09/08/08 05:17 PM
This weekends blockbuster government takeover of Government Sponsored Mortgage Giants Fannie Mae (FNMA) and Freddie Mac (FHLMC) has created a welcome stability and confidence in both the mortgage market and the money markets as a whole.   These entities are too large, effect too many individuals, and would create too much havoc if crippled for the US government to let them fail.   I am not a personal fan of more government, but in this case, hoorah.  It is necessary for the stability of many levels of our economy.
So the real question I promised to answer was, How does the Fannie & Freddie bailout … (0 comments)

san diego: Please don't fear the Rehab project - 08/10/08 06:19 PM
This post isn't talking about some hollywood celebrity fearing another stay at the Betty Ford Clinic, rather it is regarding Realtors & HomeBuyers fearing the Rehab Property and the Rehab loan.Many Realtors & Homebuyers are discouraged when they see a bank-owned REO or Bank Repo that is in exceptionally Poor Condition.  Dirty, filthy carpets, dire need of fresh paint, needs new appliances, and otherwise simple repairs, but they all cost money.  The problem is that the house just doesn't show well.  It leaves a bad taste in your mouth just looking at it.   But for those with a little design vision … (0 comments)

san diego: Want to buy a bank repo home? REO? Bank Owned foreclosure? But the house is kinda hammered? - 08/05/08 03:04 PM
There is no doubt that the current real estate market offers a lot of great bargains on bank owned, Foreclosed, REO, Repo'd, etc homes.   One problem.  many have been hammered on by the previous owner and left in poor condition.   Missing appliances, ruined carpet & flooring, holes in the wall, etc.  Most loan programs will not be able to help folks buy homes in this condition.  At least not without a very large downpayment. 
This is where a little known program called the FHA 203K Rehab loan comes in.   The FHA 203K Rehab loan is becoming very necessary for the purchase of … (0 comments)

san diego: VanDyk Mortgage helps Homebuyers with REO's & Repo's & the Rehab too! - 08/05/08 02:56 PM
There is a little known program that is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties.   The Rehab loan.   VanDyk Mortgage offers 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, more affordable, and quicker.   Many of us have seen firsthand, or have heard stories about foreclosed home that have been torn up, stripped, vandalized, etc.  With conventional financing,  these homes are very difficult to sell or buy, as they are not in move in condition, and most lenders will not lend … (0 comments)

san diego: President Bush compromise may help thousands of Homeowners out of trouble - 07/23/08 01:48 PM
Today,  The White House announced that the President would lift his opposition to a Housing bill being voted on today in the House of Representatives.   This bill includes several upgrades for homeowners accross America.   It provides tax credits for first time homebuyers of up to $7500.  Property Tax credits for other qualifying homeowners.   Authorizes Government investment to shore up Fannie Mae & Freddie Mac, the two largest guarantors of home mortgages.  It will allow permanent upgrades to the maximum loan amounts for Fannie, Freddie & FHA (details to come in the following weeks).  Here is the part that really inspired me to write … (0 comments)

san diego: Indymac Bank Closure may hurt Seniors' retirement planning options - 07/12/08 10:26 AM
On Friday, July 11, 2008 the Federal Government closed Indymac Bank.  It then reopened the bank under Federal oversight (FDIC) as Indymac FSB.   This closure not only effects depositors and Home loan seekers, but it also means trouble for the largest Reverse Mortgage lender, Financial Freedom.   Financial Freedom is a subsidiary of Indymac Bank, and was the number one provider of Reverse Mortgages to US seniors.  
Where should seniors look to now to find safe, secure Reverse Mortgage options?   VanDyk Mortgage offers multiple programs for Reverse Mortgages, including the FHA backed HECM Reverse Mortgage.  (Home Equity Conversion Mortgage).    
Reverse Mortgages can be used to … (0 comments)

san diego: Consumer help for ARM or Adjustable Rate Mortgage Holders - 07/09/08 04:48 PM
When we first start working with a client, We tell you that our company is different from others in the mortgage industry. We will always keep you up-to-date on the major changes in the market that could affect your financial goals or the goals of those close to you.
This is one of those times. In a recent New York Times article, the subprime lending collapse was faulted for "industry-wide problems" that affect more than just those borrowers with poor credit or subprime Adjustable Rate Mortgages (ARMs). Now, because of credit tightening, even borrowers with good credit and A-paper ARMs are expected … (0 comments)

san diego: Homebuyers can now use FHA loans for Bank-Owned and REO propeties - 07/01/08 05:09 PM
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure),  AKA REO properties.   REO stands for Real Estate Owned, which are essentially Bank Owned Repos.    Outdated regulations from HUD to prohibit property flipping and false price appreciation made it difficult for banks to sell recently foreclosed properties due to a HUD rule which prohibited the use of a FHA loan to purchase a home that had not been owned by the seller for atleast 90 days.   This has now been lifted until June 2009.  
(0 comments)

san diego: HUD changes allow home buyers to use FHA loans to Buy REO's/Bank Owned Homes - 07/01/08 05:07 PM
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure),  AKA REO properties.   REO stands for Real Estate Owned, which are essentially Bank Owned Repos.    Outdated regulations from HUD to prohibit property flipping and false price appreciation made it difficult for banks to sell recently foreclosed properties due to a HUD rule which prohibited the use of a FHA loan to purchase a home that had not been owned by the seller for atleast 90 days.   This has now been lifted until June 2009.  
(0 comments)

san diego: Fannie Mae's turnabout on Declining markets. Will it really help? - 05/18/08 05:03 PM
Fannie Mae announced that they will no longer require an extra 5% down payment for purchases in "Declining Markets" beginning June 1.   The real question is will this change help.   The answer is Yes for some borrowers, and not at all for others.   There are 2 factors above and beyond Fannie Mae's basic guidance that will continue to hinder homebuyers looking to put less money down.   Mortgage Insurers have increased minimum Fico requirements for all loans, especially those over 90% loan to value.   Please note that FHA loans do not have Fico minimums at this point.   The other factor effecting the … (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

Email Me

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.


Listings

Links

Archives

RSS 2.0 Feed for this blog