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 a safe, fixed rate FHA loan. FHA Allows you to include a second mortgage to be consolidated in the Refinance without penalizing you for a Cash Out Refinance. FHA does allow FHA Cash out refinances up to 85% LTV without penalizing you on rate (like Fannie Mae and Freddie Mac).
FHA Homebuyers and Refinancers in the greater Seattle-Tacoma-Everett area can borrow up to $567,500 with our FHA Jumbo Loans. Los Angeles and Orange Counties homebuyers and homeowners can qualify for a FHA Jumbo Purchase or FHA Jumbo Refinance Loan up to $729,750. In San Diego, you can go up to $697,500, while much of the Bay Area has a much higher FHA Loan limit of $729,750 (San Francisco, San Jose, Oakland, Fremont, Santa Clara, Pleasanton, Sunnyvale, etc). We are a Direct FHA Lender offering FHA Home Loans and FHA Jumbo Home Loans in every state we service. Check your counties FHA Loan limits on our main site, www.vandykfunding.com. We have been making FHA Loans since 1987, go with the Government Loan Pros at VanDyk Mortgage. Check out some of our other articles on FHA Loans.
We are also a Direct VA Lender offering VA Home Loans and VA Jumbo Home Loans in every state we service. Check your counties VA Loan limits on our main site, www.vandykfunding.com. We have been making VA Loans since 1987. Check out some of our other articles on VA Loans.