Indian Wells VA Loans and FHA Home Mortgage Loan info for 2012 - California VA Lender & FHA Lender
VanDyk Mortgage is your source for VA Loans and FHA Loans in Indian Wells. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Indian Wells Homebuyers and Indian Wells Homeowners to Purchase and Refinance homes.
- FHA & FHA Jumbo (aka High Balance)
- VA & VA Jumbo (aka High Balance)
- Conforming & Conforming Jumbo (aka High Balance or Super Conforming)
- Jumbo Loans to $3m
Indian Wells FHA Loans are available up to $500,000 with just 3.5% down payment. The FHA 2012 Loan Limit for Indian Wells is $500,000. Indian Wells FHA Loans that are over $417K up to $500,000 are called FHA Jumbo or FHA High Balance loans.
Indian Wells VA Loans are available up to $417,000 with zero downpayment. The Indian Wells VA Loan Limit for 2012 is $417,000. However, Veterans are not limited to the Riverside county Loan limit of $417,000 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.
Indian Wells Conforming Loans are available up to $417,000. We offer conventional loans with as little as 3% down in Indian Wells and throughout Riverside County.
Indian Wells Home Loan information
FHA Home loans for Indian Wells, California:
- FHA Home Loans require just 3.5% downpayment
- FHA Jumbo Loans up to $500,000 (aka FHA High Balance)
- The $500,000 is the max base loan amount - the Indian Wells FHA Loan Limit of $500,000 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
- The Seller can pay up to 3% of your closing and settlement costs.
- Minimum score for most FHA Home Loans is just 620, even on FHA High balance or FHA Jumbo.
- You can receive a gift of funds for your Downpayment and closing costs from Family
- FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
- FHA Loans allow non-occupying co-borrowers such as parents and siblings.
- FHA Loans available to purchase a 2-4 Unit Home where you occupy 1 unit
VA Home Loans for Indian Wells, California:
- Active Duty Military and Veterans can both qualify
- 100% financing up to $417,000
- A $517k Indian Wells Home Purchase would only require $25,000 downpayment (4.84%) - not including the VA Funding Fee
- VA Loans require no Mortgage Insurance
- VA Loans do require a VAFF (VA Funding Fee), which is usually financed
- Veterans with a 10% or higher VA disability pay no VA Funding fee
- Sellers can pay up to 4% of the VA Buyers closing costs
- VA Loans are available to purchase or refinance Indian Wells Condominiums. Here is more information on VA Condo Loans
- VA Loans available to purchase 2-4 Unit Homes where the Veteran occupies 1 unit.
Conforming Home Loans for Indian Wells, California:
- Indian Wells Conforming loans available up to $417,000
- Just 3% downpayment required up to $417K
- Now available – NO Monthly PMI Loans up to $417K with 5% downpayment
- Allow for condominiums, Second Homes, and investment properties
- Call for details on Fico score requirements, downpayment requirements, etc
HARP 2012 now available with fewer restrictions to help underwater Homeowners refinance at today’s great rates. Most of the barriers for Homeowners to refinance their Fannie Mae and Freddie Mac Loans have been eased. If you have been turned down before for refinancing your loan that is owned by Fannie Mae or Freddie Mac, give us a call, we may be able to help. These are often called Obama Loans. HARP stands for Home Affordable Refinance Program. Visit our HARP 2012 Info page.
We offer Jumbo Conventional Loans up to $3m - call for details. VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.