VA Loans - Converting your Present home into a rental

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

VA Loans - Converting your Present home into a rental home and buying a new primary home.

Many loan programs have limitations on qualification when converting an existing primary residence into a Rental when purchasing a new primary home.   Some of the restrictions include: 

  • Must qualify for both mortgages with current income, with no credit for new Rent Income. 
  • Increased Asset Reserve requirements (6-12 months PITI reserves for both properties)

VanDyk Mortgage allows you to Purchase a new Home with a VA Loan (for eligible Vets & Active Duty Service Members), convert your current primary residence into a Rental, and use the new Rental Income to help you qualify.  

***No additional reserve requirements. 

***Qualify with a new Rental income on converted residence.

***Must have history of managing a rental property to qualify

This opens the doors for thousands of Veterans to Reinvest in the US Housing market.

If you would like to Purchase a home with a VA loan the new 2011 VA loan limits go as high as $1,000,000 in some counties. To find out the loan limit for your county, click here. Call the Government Loan Experts at VanDyk Mortgage today at 866-900-2342. www.vandykfunding.com

VanDyk Mortgage has been making FHA & VA loans since 1987.   We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. 

VanDyk Mortgage is also a Proud VA Direct Lender.  

Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar direct at 760-752-4480 for help with your VA or  FHA  loan.  We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Jumbo Streamline refinance, FHA Jumbo Purchase, FHA Streamline, VA, VA Streamline, VA Jumbo purchase, VA Jumbo Refinance, VA Cashout refinance, FHA Rehab 203K, VA, Conforming & Jumbo Loans.

We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, CA, WA, GA, FL, MO, MI, TX, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County.

VanDyk Mortgage is your FHA Lender & VA Lender of choice.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California
Tags:
los angeles
san diego
san jose
va loan
california
va lender
va home loan
va
va experts
va direct lender

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
624,957

Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
Let's get started:
*
*
*
*
Spam prevention

Additional Information