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.

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.