Los Angeles Conventional Loans with 3% down payment - Yes, in California! - 97% conventional financing options for Los Angeles Home Buyers

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

 This Program will be Retired by Fannie Mae and Freddie Mac (FNMA & FHLMC)  on Jan 8, 2014  

Los Angeles Conventional Loans with 3% down payment - Yes, in California! - 97% conventional financing options for Los Angeles Home Buyers

VanDyk Mortgage offers Conventional Purchase and Refinance loans up to $417,000 with just a 3% down payment for Los Angeles County Homes. Here are some basic details:

Los Angeles and Los Angeles county Cities are now eligible for our Conventional Loans up to 97% Loan to Value - Only 3% down payment is required. We do not consider Los Angeles a declining market, so we are able to offer these enhanced 97%/ 3% down financing options for Conventional loans.

Minimum credit score = 720

Maximum Debt Ratio = 41%

Condo's OK to 95%! Info on our 95% conventional loan. The 5% down option allows for lower fico score (to 660) and higher Debt Ratios (up to 45%).

Loan amounts up to $417,000 (that would be a purchase price up to $429,900 with 3% down).

If you don't have a 720 middle score, or have a slightly higher debt ratio, we can alao help with our FHA Loans. If your purchase price is higher than $429K, FHA Jumbo may be able to help as well.

Give us a call to get started - 760-752-4480. Ask for Brian Skaar.

 

We offer both Monthly Mortgage Insurance and One Time Mortgage Insurance (call us for the comparison - you will be surprised at the numbers)

We service the following cities and areas of Los Angeles County:  Agoura Hills,Alhambra,Arcadia,Artesia, Avalon, Azusa, Baldwin Park, Bell Gardens,Bell, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Inglewood, Irwindale, La Cañada Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills Estates, Rolling Hills, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier

 

 

 

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Brian Skaar

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