95% Conventional Loan in Washington

Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

95% Conventional Loan in Washington - 5% downpayment or equity

VanDyk Mortgage offers Conventional Purchase and Refinance loans up to $417,000 with just 5% down payment or equity in Washington.   More details coming on this soon.   Here are some basic details:

California, Washington, Arizona, Florida now eligible for our Conventional Fannie Mae Loans up to 95% Loan to Value.  Only 5% down payment required for a Conventional Purchase loan.   Or just 5% equity required for a Conventional Refinance.   Fannie Mae loans are also called conforming Loans.  We do not consider WA a declining market any longer.

Minimum credit score = 680

Maximum Debt Ratio = 41%

Loan amounts up to $417,000 (that would be a purchase price up to $438K with 5% down).

If you don't have a 680 middle score, or have a slightly higher debt ratio,  FHA Loans are a great option.   If your purchase price is higher than $438K,  FHA Jumbo may be able to help as well.    FHA Jumbos can help you refinance as well if your current outstanding loan amount is over $417,000.

Give us a call to get started - 866-900-2342.  

VanDyk Mortgage allows "flips".   We allow you to purchase a home that has been owned less than 90 days by the current seller.  For info on our flip rules, please see our posts on Conventional Flip rule, FHA Flip Rule, and VA Flip rule.   



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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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