VanDyk Mortgage is a VA Direct lender offering VA Jumbo loans up to your full county loan limit.
(and beyond!)
VanDyk Mortgage allows you to borrow up to your full County Loan Limits and beyond. Our VA Jumbo loans are not capped at $417,000, $625,500, or $650K. This may sound strange, but many VA lenders do not offer VA loans above 417K, 625,500, or 650k.
Why $650K you ask? It doesn't correspond with any VA County Limit . This has to do with the lender's investors and warehouse financing. Warehouse financing is basically the Lender's line of credit that is used to extend mortgage loans. Many lenders are constricted by their warehouse lender's guidelines to the $650K limit or $417K, without regard to actual VA Loan Limits or VA Loan Options available to Veteran Buyers and Refinancers. VanDyk Mortgage allows you to borrow up to your full County VA Loan Limits for 2012 and also in some cases we can make a VA Jumbo Loan up to $1.5 million. (these do require equity or down payment). Please call for details on the VA Jumbo Program, it allows Veterans to purchase and refinance properties in higher cost areas in California and Washington such as Los Angeles, San Diego, San Francisco, Seattle, Bellevue, Kirkland, and more.
Wednesday, March 10, 2010
VA Loans not just for First Time Homebuyers
VA Home Loans are not just for First Time Homebuyers anymore. With increased VA Loan limits compared to years past and enhanced VA refinance options, VA Home Loans offer current Veteran Homeowners two opportunities.
Veterans looking to purchase a new home (ie move up VA buyer) can now take advantage of much higher VA Loan limits to purchase their primary home. We will discuss VA Loan limits further in this article.
Refinance your Non-VA Loan into a safe, fixed rate VA loan (with no mortgage insurance, and up to 90% of your homes value, and this amount can include cash out).
Veteran Homebuyers in the greater Seattle-Tacoma-Everett area can borrow up to $458,850 with our VA Jumbo Loans. Vets in Los Angeles and Orange Counties can qualify for 100% VA Financing up to $625,500. San Diego Vets can go up to $477,000 with no money down, while much of the Bay Area has a much higher VA Loan limit of $626,500 (San Francisco, San Jose, Oakland, Fremont, Santa Clara, Pleasanton, Sunnyvale, etc). We are a Direct VA Lender offering VA Home Loans and VA Jumbo Home Loans in every state we service. Check your counties VA Loan limits on our main site, www.vandykfunding.com. We have been making VA Loans since 1987, go with the VA Loan Pros at VanDyk Mortgage.
Check out some of our other articles on VA Loans.
Veterans looking to purchase a new home (ie move up VA buyer) can now take advantage of much higher VA Loan limits to purchase their primary home. We will discuss VA Loan limits further in this article.
Refinance your Non-VA Loan into a safe, fixed rate VA loan (with no mortgage insurance, and up to 90% of your homes value, and this amount can include cash out).
Veteran Homebuyers in the greater Seattle-Tacoma-Everett area can borrow up to $458,850 with our VA Jumbo Loans. Vets in Los Angeles and Orange Counties can qualify for 100% VA Financing up to $625,500. San Diego Vets can go up to $477,000 with no money down, while much of the Bay Area has a much higher VA Loan limit of $626,500 (San Francisco, San Jose, Oakland, Fremont, Santa Clara, Pleasanton, Sunnyvale, etc). We are a Direct VA Lender offering VA Home Loans and VA Jumbo Home Loans in every state we service. Check your counties VA Loan limits on our main site, www.vandykfunding.com. We have been making VA Loans since 1987, go with the VA Loan Pros at VanDyk Mortgage.
Check out some of our other articles on VA Loans.
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