Good News: New Rules for those with Multiple financed properties - We now allow you to have up to 10 financed Properties!
You can get new financing on your Primary Home, Second Home or Investment property now (NOO). For many Real Estate Investors, the past couple of years have been difficult. Especially due to the GSE's rule that you can only have 4 financed properties maximum.
I must repeat the Good News: We now allow you to have up to 10 financed Properties!
We have some new changes with our loan programs this month that may be able to help you out with this situation. The new rules allow you to own up to 10 financed properties (no limit on total properties, just financed properties).
There are some additional guideline hoops to jump through to qualify:
If the property being financed is your primary home, we have no limit on the total number of properties financed.
Fico score - must be 720+ mid score.
All of these loans must be Full Income Documentation. No exceptions.
You do need to have 6 months of PITI payments in liquid/cash reserves for all financed properties. For example if you have 3 properties with a monthly PITI of $2000 each, you would need to have 6 months x $2000 x 3 properties or $36,000 in cash/liquid reserves.
For help with this loan or other Multiple property loan scenarios, give me a call at 866-900-2342 toll free, ask for Brian Skaar. Or apply via our website at www.vandykfunding.com.
These loans are available up to the 2009 Loan limits for your area. Check out the new 2009 loan limits here. We offer financing in many states including: California, Texas, Georgia, Florida, & many more. VanDyk Mortgage is a Direct Lender offering conventional, FHA, VA, USDA, & Jumbo loans.
We proudly offer a full array of Government, Conventional, and Jumbo loan Options including FHA, VA, USDA, FHA Jumbo, VA Jumbo, VA Refinance, Conventional, Jumbo, VA Condo loans, FHA 2-4 Unit Loans, VA 2-4 Unit Loans, FHA 203K Rehab Loans, 5% down Conventional loans, Conventional Condo's OK to 95%, 95% conventional purchase with ZERO Monthly PMI, and more.
Veterans: We are able to help Veterans with a new home purchase with a VA Loan or VA Jumbo Loan as soon as 2 years after Bankruptcy, Foreclosure, or Short Sale (even sooner if Short Sale involved no late payments). Call Today - get back into homeownership!
--> VA Loan Limits for 2018. Learn More - Up to $679,650 with zero money down VA Jumbo Loan
--> VA Loans over the County VA Loan Limit - yes, we allow this: Read more detail on how to get a VA Loan Over your County VA Loan Limit here VA Loans up to $1.5M!
We serve the entire state of California including: Anaheim, Antioch, Bakersfield, Brentwood, Burbank, Carlsbad, Chula Vista, Corona, Coronado, Downtown San Diego, Encinitas, Escondido, Fallbrook, Fremont, Fresno, Hermosa Beach, Huntington Beach, Irvine, Long Beach, Los Angeles, Marina Del Rey, Menifee, Monterey, Murrieta, Oakland, Oakley, Oceanside, Ontario, Pasadena , Poway, Rancho Cucamonga, Redlands, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Jose, San Marcos, San Mateo, Santa Ana, Santa Clarita, Santa Monica, Temecula, Torrance, Ventura, Vista, and all other CA Cities and areas.
We now serve the entire state of Virginia including Virginia Beach, Norfolk, Chesapeake, Richmond, Newport News, Alexandria, Hampton, Roanoke, Portsmouth, Suffolk, and all other Virginia Cities, Towns and Counties.
We also serve the entire state of Washington including: Auburn, Bellevue, Bellingham, Bonney Lake, Bothell, Bremerton, Des Moines, Edmonds, Everett, Federal Way, Ferndale, Issaquah, Kent, Kirkland, Lacey, Lake Stevens, Lynnwood, Mercer Island, Mill Creek, Monroe, Montlake Terrace, Mt Vernon, Mukilteo, Olympia, Puyallup, Redmond, Renton, Seatac, Seattle, Silver Lake, Snohomish, Spokane, Sumner, Tacoma, Tumwater, Vancouver, Wenatchee, Woodinville, Yakima and all other WA cities and towns.
All information is subject to change without notice.
Residentional Mortgage Lender registered by the VA Department of Business Oversight
Georgia Residential Mortgage Licensee #39449
VanDyk Mortgage is a private company specializing in FHA & VA financing, VanDyk Mortgage Corp is not a government agency. Corp 2449 Camelot Ct SE, Grand Rapids, MI 49546
copyright 2018 VanDyk Mortgage Corp
Branch address 310 Via Vera Cruz, ste 210 & 211, San Marcos, CA 92078 760-752-4480 direct
NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268
Brian Skaar - Loan Originator / Branch Manager
NY Disclosure: Website authorization has not been approved by teh New York State Department of Financial Services. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.