Seattle VA Loans and VA Jumbo Loans – VA Loans to buy or refinance Homes in Seattle

Seattle VA Loans and VA Jumbo Loans – VA Loans to buy or refinance Homes in Seattle

VanDyk Mortgage is a VA Lender offering VA Loans to purchase or refinance Homes in Seattle.   The tightening credit market of the past couple years has made it more difficult to attain financing as Conventional Agencies Fannie Mae & Freddie Mac have added many restrictions to lending, both in the way of reduced eligibility and also increased restrictions.

In comes the VA to the rescue for Seattle Veteran Home Buyers and Seattle Vet homeowners.

VanDyk Mortgage offers VA financing with VA Loans up to $453,100 and we also offer VA Jumbo Loans up to $667K with zero down payment for the Seattle market.  This includes Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.   You can also exceed the $667K mark, see below.

The 2018 VA Loan Limit for Seattle and King County is $667,000.  You can purchase a home with your VA Benefit up to this amount with no down payment required.

For a Seattle VA home purchase or refinance above the King County VA Loan limit of $667,000,  the Veteran must make an accompanying down payment of 25% of the difference between the loan limit (assuming full entitlement eligibility for the Veteran).   Here are a couple of examples:

  • A $667k Seattle VA Home Purchase would only require  NO down payment
  • A $700k Seattle VA Home Purchase would only require $8,250 down payment (1.2%)
  • A $850k Seattle VA Home Purchase would only require $45,750 down payment (5.4%)

VanDyk does not require the seller to hold the property for 90 days prior to sale like many other lenders.   If the seller of record on the day of the purchase agreement matches, that fits within our rules.   Another name for this is the Flip Rule, or VA Flip Rule, where many banks require a seller to be on Title for 90 days minimum, we only require 1 day.

We offer VA Loans for Homes and Condo’s throughout California & Washington state.  VA Loans for Condo’s in cities such as BellevueFremontLong BeachLos Angeles, Monterrey, OaklandOceanside, Riverside, San DiegoSan Francisco, San Jose, Santa Clara, Santa Monica, SeattleTacoma, Torrance, Ventura, Yakima.

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

Previous Post

Fremont VA Loans

Next Post

San Bernardino VA Loans – VA Jumbo Loans – VA Lender serving California Veterans