Using your 2018 VA Home Loan Benefit in San Francisco -part 2 – refinance your home with a VA Loan

Using your 2018 VA Home Loan Benefit in San Francisco -part 2 – refinance your home with a VA Loan

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

VA Loans require zero down payment to purchase a home up to $679k in San Francisco.

  • VA Refinance Loans – available up to 100% of your homes value  (100% even on cash out)
  • VA Jumbo Refinance Loans  – also available up to 100% of your homes value.  VA Loans over $679.650 will require a corresponding amount of home equity.  these are also know as VA High Balance loans.  – No limit on cash out.
  • VA IRRRL Streamline Refinance Loans  – Refinance into a lower rate with reduced documentation requirements, up to $1.5M in San Francisco.

We do not limit Veterans to the 2018 San Francisco Loan limit of $679,650 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 refinance a home:

  1. VA Jumbo Loan to Refinance a home up to a $1.5M loan amount with no MI required.
  2. VA Jumbo Loan to refinance a Condo in San Francisco – up to $1,500,000 loan amount no MI required.
  3. VA Jumbo Loan to Refinance a $1,000,000 home in San Francisco with a loan amount up to $919K with no MI
  4. VA Jumbo Loan to Refinance a $1.2M home in San Francisco with a loan amount up to $1.069M with no MI
  5. Refinance your current VA Loan or VA Jumbo Loan using the VA IRRRL Streamline Refinance – Market rates are the lowest on record – Call for today’s rates, they will surprise you.
  6. Use a VA refinance to refinance out of an Adjustable Rate Mortgage – Up to 90% loan to value – with zero Mortgage Insurance required.
  7. Use a VA refinance to consolidate your first and second mortgage with no extra charge to interest.   This consolidation is considered Cash Out for Conforming Loans and has additional restrictions,  VA Allows this up to 100% LTV.
  8. Use the VA Jumbo Loan to take advantage of the lowest 30 year fixed rates on Record (call for actual rates, they will shock you).   Available up to $1.5M in San Francisco with a suitable combination of Equity and guarantee.    Check out some actual VA Jumbo Loan Refinance scenario‘s here.
  9. VanDyk Mortgage offers VA Jumbo Streamline refinances above your current county limits

VA Home Loan info for San Francisco, California:

  • Active Duty Military and Veterans can both qualify
  • 100% financing up to $679,650
  • A $1M San Francisco Home Purchase would  require a down payment of  $80,088 (8.01%)
  • 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 surprise 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.   We also do not have a waiting period for “flips”.  This is often called the Flip Rule or VA Flip Rule.   VanDyk does not require the seller of a property to wait 90 days before allowing a VA buyer to purchase the property, only 1 day.

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 or call Brian Skaar direct at 760-752-4480 for help with your VA or FHA loan.

We serve the entire states of California and Washington for VA Loans, including Los Angeles, San Francisco, Pasadena, Long Beach, San Jose, San Diego, Huntington Beach, Anaheim, Orange, Santa Ana, Oakland, Fresno, Bakersfield, Riverside, Lancaster, Sacramento, Seattle, Tacoma, Spokane, and everything in between.

Here is a link to part one of our series: Using your VA loan benefit to purchase a home 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)

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