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.
