seattle: 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)
seattle: 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)
seattle: 2010 Washington Loan Limits for FNMA & FHLMC - WA Fannie Mae & Freddie Mac Loan limits 2010
- 02/27/10 09:12 AM
2010 Washington FNMA & FHLMC - WA 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)
seattle: 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)
seattle: 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)
seattle: WA FHA Loan Limits 2010
- 02/27/10 04:32 AM
VanDyk is proud to be a FHA Full Eagle Direct Endorsement Lender. What is that? We are a FHA Direct lender with the full support of HUD, the US Department of Housing & Urban Development. We offer FHA loans in all areas of Washington State for Purchase, Refinance, cash-out refinance or FHA Streamline. We also specialize in FHA Jumbo Loans, as available up to your County limit for FHA Loans.' We offer FHA Loans for Single Family Homes up to $567,500 in King, Snohomish, and Pierce Counties. Up to $593,750 in San Juan County, and $475,000 in Kitsap County. FHA Loans … (0 comments)
seattle: 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)
seattle: 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)
seattle: 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)
seattle: 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)
seattle: 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)
seattle: 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)
seattle: FHA Jumbo or FHA Stimulus Size - what should we call it?
- 05/18/08 04:33 PM
There is some confusion out in the media about the new FHA loan limits and just what to call these new loans. We have several investors that call these Stimulus Size FHA loans, and some call them FHA Jumbo loans. We just call them great loans. These loans can qualify borrowers in high cost areas for much higher loan amounts for safe, secure FHA loans with just 3% down payment or 3% equity for refinance. The available loan amounts in areas such as Los Angeles & Orange County, & San Francisco (and much of the Bay Area) now allow loans up to $729,750 with … (0 comments)
seattle: Comparing FHA Jumbo loans to Fannie Mae Jumbo Loans
- 04/16/08 04:03 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA is $697,500. The Seattle area in Washington, including King, Pierce & Snohomish Counties are now capped at $567,500. So what is the difference between the larger FHA loans and Fannie Mae's new Jumbo offerings. Well for starters, FHA only requires 3% down payment vs Fannie Mae's 5% minimum. There is another advantage … (0 comments)
seattle: New Jumbos: Fannie or FHA?
- 04/16/08 04:00 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA is $697,500. The Seattle area in Washington, including King, Pierce & Snohomish Counties are now capped at $567,500. So what is the difference between the larger FHA loans and Fannie Mae's new Jumbo offerings. Well for starters, FHA only requires 3% down payment vs Fannie Mae's 5% minimum. There is another advantage … (0 comments)
HUD has finalized the new 2008 loan limits for FHA Government backed loans. The new limits increase the max loans for FHA from just over $368K up to $729,750. Although the highest amounts are for high cost metropolitan areas such as Los Angeles, New York, & San Francisco, Every county in America benefits from an increase in the FHA loan limit from $200K to a new minimum limit of $271,050. This helps to increase the number of US households that can qualify to purchase and refinance their homes. You can find the new … (0 comments)
seattle: FHA Moves to the forefront in lending again
- 03/12/08 06:11 PM
FHA moves to the forefront in lending again The past couple weeks have seen significant news for Mortgage holders, lenders, and banks. Loan amount increases are officiall for FHA, FNMA, & Freddie Mac loans. This will help hundreds of thousands of US homeowners get lower rates for the purchase, refinance, or construction of their home. The benefits aren't just for people in Los Angeles ( now $729,750), Seattle, (now $569,500), San Diego (now $697,500) and other high cost areas though. Prior to the new limits, the minimum FHA loan amount in much of America was $200,160, which has now been increased … (0 comments)
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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)
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