Wednesday, March 10, 2010

FHA Direct lender offers FHA Jumbo loans up to full county loan limit

VanDyk Mortgage is a FHA Direct Lender offering FHA Jumbo loans up to your full County FHA Loan limit for 2010. This may sound strange, but many lenders are limited to a cap of $650K on FHA Loans, regardless of the FHA County Loan Limit. This constraint is due to their warehouse financing (ie, their line of credit for funding mortgage loans). We lend up to the full FHA County Loan limit.

FHA Jumbo Loans are those that are $417,001 (aka the conforming loan limit) and up. In many parts of California FHA Loans are available up to $729,750. This would include Los Angeles, Orange County, Ventura County, San Francisco, Alameda county, Santa Clara, San Jose, San Mateo, and more. San Diego allows FHA loans up to $697,500, and Seattle is capped at $567,500. Be sure to check out our main website for details on FHA Loan Limits: VanDyk offers FHA Jumbo loans for Purchase, Refinance, and Cash out Refinance.