Los Angeles VA Loans and FHA Home Mortgage Loan info for 2019 - California VA Lender & FHA Lender
VanDyk Mortgage is your source for VA Loans and FHA Loans in Los Angeles. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Los Angeles Homebuyers and Los Angeles 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
Los Angeles FHA Loans are available up to $726,525 with just 3.5% down payment. The FHA 2019 Loan Limit for Los Angeles is $726,525. Los Angeles FHA Loans that are over $484K up to $726,525 are called FHA Jumbo or FHA High Balance loans.
Los Angeles VA Loans are available up to $726,525 with zero down payment. The Los Angeles VA Loan Limit for 2019 is $726,525. However, Veterans are not limited to the Los Angeles county Loan limit of $726,525 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.
Los Angeles Conforming Loans are available up to $726,525. The Los Angeles Conforming Jumbo Loans (aka Conforming High Balance, those over $484,350 and up to $726,525) require a minimum of 5% down-payment or equity.
Los Angeles Home Loan information
FHA Home loans for Los Angeles, California:
- FHA Home Loans require just 3.5% down-payment
- FHA Jumbo Loans up to $726,525 (aka FHA High Balance)
- The $726,525 is the base loan amount - the Los Angeles FHA Loan Limit of $726,525 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 6% 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 Down-payment and closing costs from Family
- FHA Approved Condominium eligible for FHA Purchase Loans and FHA Refinance Loans
- FHA Loans allow non-occupying co-borrowers such as parents and siblings.
VA Home Loans for Los Angeles, California:
- Active Duty Military and Veterans can both qualify
- 100% financing up to $726,525
- A $826,525 Los Angeles Home Purchase would only require a $25,000 down-payment - 3.025%
- 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 Condominiums. Here is more information on VA Condo Loans for Los Angeles
- VA Jumbo Loans available for Condo Purchase and Refinance also!
- VA IRRRL Streamlines available for Non-owner and Investment homes
- We do not limit VA Jumbo IRRRL Streamlines to the Los Angeles County VA Loan Limit
Conforming Home Loans for Los Angeles, California:
- Now available – NO Monthly PMI Loans up to $484K with 5% down-payment
- Los Angeles Conforming loans available up to $484,525
- Just 3% down-payment required up to $484K
- the entire 5% down payment can be from eligible gift funds.
- Conforming Jumbo Loans available up to $726,525 - AKA Conforming High Balance
- Conforming Jumbo Loans over $484K require a minimum of 5% down-payment or up to 95% LTV
- Allow for condominiums, Second Homes, and investment properties
- Call for details on Fico score requirements, down-payment requirements, etc
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.