Tag Archives: VA Loan after Bankruptcy

VA Loans after Hardship – Bankruptcy, Foreclosure, Short Sale

VA Loans after Hardship – Bankruptcy, Foreclosure, Short Sale

Many Veterans have encountered financial Hardship during the past several years. Active Duty Recalls, Overseas Tours, Risky Mortgage Loans, falling Real Estate Prices, Unemployment, etc have created financial Hardship for many Veterans across the Country in the form of Bankruptcy, Foreclosure and Short Sale.

>>We have good news for our Vets:   You can get a VA Loan soon as 2 years after one of these events, sometimes sooner

We put together a quick list of the waiting period for each Hardship.

VA Loans After Financial Hardship:

  • VA Loans after Bankruptcy – as soon as 2 yrs after Bankruptcy Discharge
  • VA Loans after Foreclosure – as soon as 2 yrs after Foreclosure Sale Date
  • VA Loans after Short Sale – as soon as 2 yrs after Short Sale date
  • Short Sales that had no late Mortgage Payments prior to date of sale may be eligible sooner than 2 yrs (sometimes immediately after sale)

Note – if the Short Sale or Foreclosure was on a VA Loan,  additional requirements apply.

If you have experienced one of these financial hardships and are a Veteran,  please call us to find out how soon you may qualify to purchase a new home, upgrade your existing home, or refinance your current loan to take advantage of low interest rates.  866-900-2342 toll free direct.

>>>  Get started here on your VA Loan PreApproval or give us a call at 866-900-2342  (toll free direct)


			

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Filed under California VA Lender, Uncategorized, VA Jumbo Loans, va loan after bankruptcy, va loan after foreclosure, va loan after short sale, VA Loans

Riverside VA Loans and VA Jumbo Loans- VA Lender serving California – 2015 update

Riverside VA Loans & VA Jumbo Loans- VA Lender serving California – 2015 update

VanDyk Mortgage is your source for VA Loans in Riverside and Riverside County.   We have been making VA and VA Jumbo loans since 1987.  VanDyk Mortgage is a Direct Lender.   We offer many loan programs for Riverside Homebuyers and Inland Empire Homeowners to Purchase and refinance homes..

  • VA Purchase Loans
  • VA Jumbo Purchase Loans & FHA Jumbo (aka High Balance)
  • VA Refinance Loan
  • VA Jumbo Refinance Loans
  • VA IRRRL Streamline Refinance

Riverside VA Loans are available up to $417,000 with zero down payment.  The Riverside County VA Loan Limit in 2015 remains at $417,000.   However, Veterans are not limited to the Riverside VA Loan limit of $417,000 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Riverside Home Loan information

VA Home Loans in Riverside, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $417,000
  • A $500K Riverside Home Purchase would only require $20,750 down payment (4.15%) – not including the VA Funding Fee
  • VA Loans require no Mortgage Insurance
  • VA Loans do require a VAFF (VA Funding Fee), which is usually financed
  • Veterans with a 10% or higher VA disability pay no VA Funding fee
  • Sellers can pay up to 4% of the VA Buyers closing costs
  • VA Loans are available to purchase or refinance Condominiums.  Here is more information on VA Condo Loans for Temecula.

Give us a call at 760-752-4480 direct, ask for Brian Skaar to see if this is the right loan for you.   Go here to get started online with your VA Loan Pre-Approval

VanDyk Mortgage has been making VA loans since 1987.   We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your FHA or VA loan. We offer FHAFHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, USDA, Conforming & Jumbo Loans.We serve the following areas for VA, FHA and Conventional loans: California,Southern CaliforniaSan Diego, Temecula, San MarcosOceanside, Vista, Escondido, Fallbrook, Bonsall, San Diego, Rancho Bernardo, Poway,Encinitas, Carmel Valley, Scripps Ranch, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Temecula, Murrieta, and Valley Center. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types. Visit us at www.vandykfunding.com to get started or just find out more

>>>  Get started here on your VA Loan PreApproval or give us a call at 866-900-2342  (toll free direct)

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Filed under California VA Lender, Uncategorized, VA High Balance, VA IRRRL Streamline, VA Jumbo IRRRL Streamline, VA Jumbo Lender, VA Jumbo Loans, VA Jumbo Purchase, va loan after bankruptcy, va loan after foreclosure, va loan after short sale, VA Loans, VA Loans over $1m, VA Purchase Loan

Using your VA Home Loan Benefit in San Francisco, part 1 – Purchase a home in 2015 with a VA Jumbo Loan

Using your VA Home Loan Benefit in San Francisco, part 1 – Purchase a home in 2015 with a VA Jumbo Loan

The VA Home Loan benefit is a great opportunity for San Francisco Veterans and Active Duty Military to purchase a home or condo.  We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit.

VA Loans require zero downpayment up to $625,500 in San Francisco.

  • VA Jumbo Loans – zero downpayment required up to $625,500
  • VA Jumbo Loans are also known as VA High Balance
  • Use VA Loans to purchase VA Approved Condo’s
  • VA Jumbo Loans up to $1.5M (with downpayment/equity)

San Francisco VA Loans are available up to $625,500 with zero down payment required. The San Francisco VA Loan Limit for 2015 is $625,500.   However, we do not limit Veterans to the San Francisco County Loan limit of $625,500 for VA Loans.   We offer VA Jumbo Loans up to $1.5 Million with the appropriate down payment or equity to reach the VA Guarantee requirements of 25% of the loan amount. Here is one of our posts on how you can get a VanDyk Mortgage VA Loan over your county limit.

Here are a few ways to use your VA home loan Benefit in San Francisco to purchase a home:

  • VA Jumbo Loan to Purchase a single family home up to $625,500 with zero down payment and no MI (mortgage insuranc
  • VA Jumbo Loan to purchase a Condo in San Francisco – up to $625K with zero down payment or MI required
  • VA Jumbo Loan to purchase a $1M home in San Francisco with a $93,625 down payment required (9.363%)
  • VA Jumbo loan to purchase a $1.2M San Francisco home with just $143,625 ( 11.97%) down payment – No Mortgage Insurance
  • VA Jumbo Loan rates are currently at the lowest 30 year fixed rates on record (call for actual rates, they will shock you). VA Jumbo’s are available up to $1.5M in San Francisco with a suitable combination of Equity and guarantee. Check out some actual VA Jumbo Loan Purchase scenario’s here.

VA Home Loan info for San Francisco, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $625,500
  • Available up to $1.5M with suitable downpayment/Equity in home
  • VA Loans require no Mortgage Insurance
  • VA Loans do require a VAFF (VA Funding Fee), which is usually financed
  • Veterans with a 10% or higher VA disability pay no VA Funding fee
  • VA Loans are not just for first time homebuyers
  • VA Jumbo Loans are offered at competitive rates that will sKurprise you, in a good way.
  • Sellers can pay up to 4% of the VA Buyers closing costs
  • VA Loans can be used to purchase VA Approved Condominiums with zero down

VanDyk is your source for VA backed Condo loans.

VanDyk Mortgage is a Proud VA Direct Lender. VanDyk Mortgage has been making FHA & VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar direct at 760-752-4480 for help with your VA or FHA loan.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar direct at 866-900-2342 for help with your VA loan. We serve the entire state of California plus Washington state, including: California,Southern CaliforniaLos AngelesSan DiegoSan JoseSan Francisco, Santa Monica, Pasadena, Brea, Diamond, Long beach, Huntington beach, Irvine, Costa Mesa, Hollywood, North Hollywood, San Mateo, Ventura, Riverside, Oakland, Fremont, Sunnyvale, Santa maria, Oceanside, Vista, Escondido, Los Angeles, MurrietaTemecula, Corona, Riverside, Rancho Bernardo, Poway, San Marcos, Carmel, Monterey, Santa Barbara, Santa Cruz, and all areas in between.

Check out part two of our series:  how to use your VA benefit to Refinance in San Francisco

San Francisco, San Jose, VA, VA Jumbo, VA Loan, VA Jumbo Loan, VA Jumbo Lender, VA lender, CA, CAlifornia, IRRRL, Jumbo IRRRL, Jumbo streamline

>>>  Get started here on your VA Loan PreApproval or give us a call at 866-900-2342  (toll free direct)

Comments Off on Using your VA Home Loan Benefit in San Francisco, part 1 – Purchase a home in 2015 with a VA Jumbo Loan

Filed under California VA Lender, Uncategorized, VA High Balance, VA IRRRL Streamline, VA Jumbo IRRRL Streamline, VA Jumbo Lender, VA Jumbo Loans, VA Jumbo Purchase, va loan after bankruptcy, va loan after foreclosure, va loan after short sale, VA Loans, VA Loans over $1m, VA Purchase Loan