New Loan Limits for FHA loans made in 2009 have been released. The Base FHA Loan Limit remains at $271,050 accross much of the USA. The new Maximum limit for higher cost areas is now $625,500, with many counties accross America falling somewhere inbetween.
Here are some highlights of the new loan limits:
Bellevue, WA $506,000
Carlsbad, CA $546,250
Chula Vista, CA $546,250
Escondido, CA $546,250
Everett, WA $506,000
Greene County, GA $515,200
Key West, FL $529,000
Kirkland, WA $506,000
Long Beach, CA $625,500
Los Angeles, CA $625,500
Lynnwood, WA $506,000
Mono County, CA $529,000
Napa, CA $592,250
Naples, FL $448,500
Oakland, CA $625,500
Oceanside, CA $546,250
Orange County, CA $625,500
Petaluma, CA $520,950
Pierce County, WA $506,000
Riverside, CA $417,000
Sacramento, CA $474,950
Salinas, CA $483,000
San Diego, CA $546,250
San Francisco, CA $625,500
San Jose, CA $625,500
San Juan County, WA $483,000
San Luis Obispo, CA $561,200
San Marcos, CA $546,250
Santa Barbara, CA $603,750
Santa Cruz, CA $625,500
Santa Rosa, CA $520,950
Seattle, WA $506,000
Snohomish County, WA $506,000
Tacoma, WA $506,000
Truckee, CA $477,250
Ventura, CA $598,000
Don't see your city or county listed? Click here for PDF list of all counties.
VanDyk Mortgage is a FHA Direct Lender serving clients for over 22 years. The new loan limits are available for our VanDyk Rehab Express loans and FHA Secure loans as well.
We can help you get the home of your dreams with a Safe, Secure, Affordable FHA loan. Call us at 866-900-2342 toll free to get details and achieve your dream of owning a beautiful new home. VanDyk Mortgage is a Full Eagle Direct Endorsement FHA Direct Lender. We have over 20 years in business Lending FHA loans direct to consumers. Call the experts.
We serve the following areas for FHA and Conventional loans: California, San Diego, San Marcos, 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.
Monday, November 10, 2008
Monday, September 8, 2008
FHA Jumbo loans - the window of opportunity closes soon
FHA Jumbo loans - the window of opportunity closes soon
The 2008 Stimulus act loan limits expire soon, December 31, 2008. We are getting numerous inquiries asking what the limits will be on Jan 1, 2009, as they were lowered for most counties accross the USA in the latest housing bill. We don't have the details from HUD yet on the new loan limits except for two facts. The maximum will now be $625,500 anywhere, and it will be based on a factor above the average home price. Well, home prices have decreased significantly over the past 6 months since the stimulus limits were set, so we can expect the new limits to be much lower accross the board, even lower than the new cap.
Check back with us soon as will post the new limits as soon as we receive them from HUD.
For your new home purchase, or the purchase of your Buyers, if you are looking at homes that are between $417K and $800K, call us now to find out how much you might save with today's competitive FHA Jumbo rates. These are good for Purchase of a home as well as Refinance.
The 2008 Stimulus act loan limits expire soon, December 31, 2008. We are getting numerous inquiries asking what the limits will be on Jan 1, 2009, as they were lowered for most counties accross the USA in the latest housing bill. We don't have the details from HUD yet on the new loan limits except for two facts. The maximum will now be $625,500 anywhere, and it will be based on a factor above the average home price. Well, home prices have decreased significantly over the past 6 months since the stimulus limits were set, so we can expect the new limits to be much lower accross the board, even lower than the new cap.
Check back with us soon as will post the new limits as soon as we receive them from HUD.
For your new home purchase, or the purchase of your Buyers, if you are looking at homes that are between $417K and $800K, call us now to find out how much you might save with today's competitive FHA Jumbo rates. These are good for Purchase of a home as well as Refinance.
Saturday, August 9, 2008
Update on the VanDyk FHA Rehab loan
This post isn't talking about some hollywood celebrity fearing another stay at the Betty Ford Clinic, rather it is regarding Realtors & Buyers fearing the Rehab Property and the Rehab loan. Many Realtors & Homebuyers are discouraged when they see a bank-owned REO or Bank Repo that is in Poor Condition. Dirty, filthy carpets, dire need of fresh paint, needs new appliances, and otherwise simple repairs. The problem is that the house just doesn't show well. It leaves a bad taste in your mouth just looking at it.
For those with a little vision of what that house could turn into, the VanDyk FHA Rehab loan can help. This loan doesn't require HUD consultants, or lengthy inspections. It is actually quite easy to deal with our streamlined process and one time closing procedures.
Utilizing the VanDyk FHA Rehab program can actually enhance the value of your new home. Imagine moving in to fresh paint, new appliances, upgraded lighting, a new deck, or ? Most families plan on making changes when they purchase a new home, only it takes either years of saving & work on weekends, or empties the savings account. Let us show you the exciting power this loan offers to not only help you purchase your new home, but also to make it your own just the way you want it.
Call Brian Skaar at VanDyk Mortgage to find out if this program can help sell your listing, or if it might be the right choice to help you into your next home. 866-900-2342 toll free. or apply online.
Realtors have found that teaming up with VanDyk Mortgage is helping them sell their REO listings quicker, as potential buyers have more options than with other banks or brokers. Utilize our expert knowledge to sell more homes. Team up with Brian Skaar & VanDyk Mortgage today.
The VanDyk FHA Rehab loan is available up to the FHA loan limits for your area. Currently the limits are 729,750 in Los Angeles, Orange County, San Francisco & San Jose, while San Diego is capped at $697,500, Seattle is at 567,500, and Riverside/San Bernardino areas are at $500,000.
VanDyk Mortgage is a Direct FHA Lender. VanDyk Services all of these areas and more. Visit our website for details.
For those with a little vision of what that house could turn into, the VanDyk FHA Rehab loan can help. This loan doesn't require HUD consultants, or lengthy inspections. It is actually quite easy to deal with our streamlined process and one time closing procedures.
Utilizing the VanDyk FHA Rehab program can actually enhance the value of your new home. Imagine moving in to fresh paint, new appliances, upgraded lighting, a new deck, or ? Most families plan on making changes when they purchase a new home, only it takes either years of saving & work on weekends, or empties the savings account. Let us show you the exciting power this loan offers to not only help you purchase your new home, but also to make it your own just the way you want it.
Call Brian Skaar at VanDyk Mortgage to find out if this program can help sell your listing, or if it might be the right choice to help you into your next home. 866-900-2342 toll free. or apply online.
Realtors have found that teaming up with VanDyk Mortgage is helping them sell their REO listings quicker, as potential buyers have more options than with other banks or brokers. Utilize our expert knowledge to sell more homes. Team up with Brian Skaar & VanDyk Mortgage today.
The VanDyk FHA Rehab loan is available up to the FHA loan limits for your area. Currently the limits are 729,750 in Los Angeles, Orange County, San Francisco & San Jose, while San Diego is capped at $697,500, Seattle is at 567,500, and Riverside/San Bernardino areas are at $500,000.
VanDyk Mortgage is a Direct FHA Lender. VanDyk Services all of these areas and more. Visit our website for details.
Tuesday, August 5, 2008
FHA Rehab loans - the best way to buy a bank REPO or REO home
There is no doubt that the current real estate market offers a lot of great bargains on bank owned, Foreclosed, REO, Repo'd, etc homes. One problem. many have been hammered on by the previous owner and left in poor condition. Missing appliances, ruined carpet & flooring, holes in the wall, etc. Most lenders don't offer loan programs that will be able to help folks buy homes in this condition. At least not without a very large downpayments.
This is where a little known program called the FHA 203K Rehab loan comes in. The FHA 203K Rehab loan is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. VanDyk Mortgage offers FHA 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, more affordable, and quicker. Many of us have seen firsthand, or have heard stories about foreclosed home that have been torn up, stripped, vandalized, etc. With conventional financing, these homes are very difficult to sell or buy, as they are not in move in condition, and most lenders will not lend on a damaged home.
Our FHA 203K Streamline program allows the homebuyer to put up to $35K of rehab work into the new loan. The loan closes 1 time. It is a permanent form of financing. The Streamline program should not be confused with the more complicated FHA 203K rehab loan, which can accomadate major remodels, major damage repair, storm damage, etc. The FHA 203K Streamline rehab loan is just that - Streamlined.
This loan can help with new paint (in/out), new siding, new roof, new flooring, new appliances, hvac repair/replacement, electrical & plumbing repair & upgrades, new windows, decks, porches, patios, minor kitchen remodels, & more.
These loans are a key to helping homes become more accessible for disabled folks as the modifications can often be completed with a FHA 203K loan.
What it can't cover is landscaping, structural damage, foundation work, room additions, load bearing wall changes, etc. This loan is not compatible with FHA Secure. It is available up to the Mortgage limits in your county (FHA Jumbo), which can be found here.
There is no HUD consultant or general contractor is required. However, we do suggest using a general contractor with a strong track record to ensure that your work is done & done right.
Here is a real life example of a perfect home to use a VanDyk FHA 203K Streamline Rehab loan to purchase:
The previous homeowner took the dual zone central AC units with them (Ok, they stole them) wrong, yes, but they did it. Now the Bank and the Listing agent need some help to get this place sold, since it is missing teeth so to speak. In comes the FHA 203K rehab loan. That same home also needs alot of new light fixtures, and a complete set of appliances, but with a little work and a VanDyk FHA 203K rehab loan, a lucky new homeowner is getting a great deal. Along with fresh paint, new AC units and new appliances throughout the home.
Please give us a call to find out if this loan is right for your listing, or right for your buyer that is looking at Bank-owned, REO, or Repo properties that are in need of TLC & repairs. 866-900-2342 (toll free) or apply online at www.vandykfunding.com. Call the FHA Experts, Call VanDyk Mortgage
We serve the following areas for FHA and Conventional loans: California, San Diego, San Marcos, 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, Concord, Fremont, Oakland, 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, 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.
This is where a little known program called the FHA 203K Rehab loan comes in. The FHA 203K Rehab loan is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. VanDyk Mortgage offers FHA 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, more affordable, and quicker. Many of us have seen firsthand, or have heard stories about foreclosed home that have been torn up, stripped, vandalized, etc. With conventional financing, these homes are very difficult to sell or buy, as they are not in move in condition, and most lenders will not lend on a damaged home.
Our FHA 203K Streamline program allows the homebuyer to put up to $35K of rehab work into the new loan. The loan closes 1 time. It is a permanent form of financing. The Streamline program should not be confused with the more complicated FHA 203K rehab loan, which can accomadate major remodels, major damage repair, storm damage, etc. The FHA 203K Streamline rehab loan is just that - Streamlined.
This loan can help with new paint (in/out), new siding, new roof, new flooring, new appliances, hvac repair/replacement, electrical & plumbing repair & upgrades, new windows, decks, porches, patios, minor kitchen remodels, & more.
These loans are a key to helping homes become more accessible for disabled folks as the modifications can often be completed with a FHA 203K loan.
What it can't cover is landscaping, structural damage, foundation work, room additions, load bearing wall changes, etc. This loan is not compatible with FHA Secure. It is available up to the Mortgage limits in your county (FHA Jumbo), which can be found here.
There is no HUD consultant or general contractor is required. However, we do suggest using a general contractor with a strong track record to ensure that your work is done & done right.
Here is a real life example of a perfect home to use a VanDyk FHA 203K Streamline Rehab loan to purchase:
The previous homeowner took the dual zone central AC units with them (Ok, they stole them) wrong, yes, but they did it. Now the Bank and the Listing agent need some help to get this place sold, since it is missing teeth so to speak. In comes the FHA 203K rehab loan. That same home also needs alot of new light fixtures, and a complete set of appliances, but with a little work and a VanDyk FHA 203K rehab loan, a lucky new homeowner is getting a great deal. Along with fresh paint, new AC units and new appliances throughout the home.
Please give us a call to find out if this loan is right for your listing, or right for your buyer that is looking at Bank-owned, REO, or Repo properties that are in need of TLC & repairs. 866-900-2342 (toll free) or apply online at www.vandykfunding.com. Call the FHA Experts, Call VanDyk Mortgage
We serve the following areas for FHA and Conventional loans: California, San Diego, San Marcos, 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, Concord, Fremont, Oakland, 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, 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.
Friday, May 23, 2008
FHA & the Stimulus package
Much Hype has been granted to the US Stimulus package signed into law in March this year. One area of opportunity for homeowners that hasn't received much press is the new higher FHA limits in non- high cost states. The minimum limits for FHA loans in states and counties outside the high cost zones such as San Diego, Seattle, Miami, Los Angeles, etc have increased to $271,050. This is a $70K increase which can help many homeowners refinance out of adjustable rate mortgages, Subprime mortgages and other loans that may no longer be suitable for their family. For details on your area's new limits, visit this link "new loan limits" or just give us a call to discuss your options at 760-752-4480.
VanDyk Mortgage is a Full Eagle Direct Endorsement FHA Direct Lender. We have over 20 years in business Lending FHA loans direct to consumers. Call the experts.
VanDyk Mortgage is a Full Eagle Direct Endorsement FHA Direct Lender. We have over 20 years in business Lending FHA loans direct to consumers. Call the experts.
Welcome to our new FHA Jumbo loan blog
Welcome to our new FHA Jumbo loan blog. We proudly offer FHA Loans to US Homebuyers and Homeowners for the purchase and refinance of their primary home. FHA loans offer competitive rates along with expanded qualification guidelines. The new FHA Jumbo loans offer buyers & owners the opportunity to borrow up to $729,750 in select high cost markets such as Los Angeles, San Francisco, Orange County, & San Jose California. San Diego limits go up to $697,500, and Seattle area limits are now at $567,500.
Call us to find out how this program can help you into a new home with a safe, secure, & affordable payment. This program is also offered for the refinance (rate & term or cash out) of primary homes as well. Call me at 760-752-4480 to get started.
VanDyk Mortgage is a Direct FHA Lender.
Call us to find out how this program can help you into a new home with a safe, secure, & affordable payment. This program is also offered for the refinance (rate & term or cash out) of primary homes as well. Call me at 760-752-4480 to get started.
VanDyk Mortgage is a Direct FHA Lender.
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