The Owner seasoning requirement on our VA Loans is one day. That is right, one day. Why is this important you ask? Well, many lenders have begun to require that sellers own a home for 90-180 days before it is eligible for their VA Financing. We do not require these waiting periods.
Owner Seasoning simply means how long the current owner has owned the property. owner seasoning is also called seller seasoning.
VanDyk only requires that the seller is the owner of record on the day the contract is signed.
This is in complete alignment with the Veterans Administration Rules for VA Loans. The other lenders that have added restrictions are reducing the eligibility for Veterans to use VA Loans to purchase homes from investors who may have purchased the home at a foreclosure auction, or direct from a bank. Many of these homes have been completely rehabilitated, making them a more desirable home to buy - Turn key if you will.
Our VA Rules can help you avoid the issue of seller seasoning, Flip Rules, and big bank rules that restrict access to quality VA Loans.
Get started on your VA Home loan with the VA Loan Pros at VanDyk. Visit us at http://www.vandykfunding.com/ to apply online, or call 760-752-4480 and ask for Brian Skaar.
VA Condo's also qualify under our VA Flip Rules.
Thursday, April 29, 2010
VA loans for Condo's
VanDyk Mortgage - our VA Loans can be used to purchase and refinance Condominiums. VA Jumbo Loans can also be used to purchase Condo's.
We just posted information on VA Condo Loans on our other VA Blog, VAJumboLoans.Blogspot.com.
These loans can help our Veterans and Active Duty personnel purchase Condo's for their primary home. The process of finding VA Condo's is much easier than many think. Please visit our VA Condo Loan post in the previous paragraph for more info.
VanDyk Mortgage is a VA Direct lender offering VA Loans & VA jumbo Loans in California and Washington State, serving cities such as Seattle, Bellevue, San Diego, Los Angeles, San Jose, San Francisco, Ventura, Irvine, and everything in between. Call us to get started. 760-752-4480
We just posted information on VA Condo Loans on our other VA Blog, VAJumboLoans.Blogspot.com.
These loans can help our Veterans and Active Duty personnel purchase Condo's for their primary home. The process of finding VA Condo's is much easier than many think. Please visit our VA Condo Loan post in the previous paragraph for more info.
VanDyk Mortgage is a VA Direct lender offering VA Loans & VA jumbo Loans in California and Washington State, serving cities such as Seattle, Bellevue, San Diego, Los Angeles, San Jose, San Francisco, Ventura, Irvine, and everything in between. Call us to get started. 760-752-4480
Wednesday, April 28, 2010
Our VA Jumbo loans are not capped at $650,000
Our VA Jumbo loans are not capped at $650,000
VanDyk Mortgage allows you to borrow up to your full County Loan Limits. Our VA Jumbo loans are not capped at $650,000. This may sound strange, but many VA lenders do not offer VA loans above $650k. Why $650K you ask? It doesn't correspond with any VA County Limit (check yours here). This has to do with the lenders investors and warehouse financing. Warehouse financing is basically the Lenders line of credit that is used to extend mortgage loans. Many lenders are constricted by their warehouse lenders guidelines such as the $650K limit, without regard to Loan Limits. VanDyk Mortgage allows you to borrow up to your full County Loan Limits. In some cases we can make a VA Jumbo Loan up to $1.5 million. Please call for details on the VA Jumbo Program, it allows Veterans to purchase and refinance properties in higher cost areas in California and Washington such as Los Angeles, San Diego, San Francisco, Bay Area, San Jose, Seattle, Bellevue, Kirkland, and more.
VanDyk Mortgage allows you to borrow up to your full County Loan Limits. Our VA Jumbo loans are not capped at $650,000. This may sound strange, but many VA lenders do not offer VA loans above $650k. Why $650K you ask? It doesn't correspond with any VA County Limit (check yours here). This has to do with the lenders investors and warehouse financing. Warehouse financing is basically the Lenders line of credit that is used to extend mortgage loans. Many lenders are constricted by their warehouse lenders guidelines such as the $650K limit, without regard to Loan Limits. VanDyk Mortgage allows you to borrow up to your full County Loan Limits. In some cases we can make a VA Jumbo Loan up to $1.5 million. Please call for details on the VA Jumbo Program, it allows Veterans to purchase and refinance properties in higher cost areas in California and Washington such as Los Angeles, San Diego, San Francisco, Bay Area, San Jose, Seattle, Bellevue, Kirkland, and more.
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