100% financing in California

100% financing in California. It still exists.

Fannie, Freddie, & the Private Mortgage Insurance companies have limited California purchases to a minimum of 10% down payment, or a maximum of 90%.

For Veterans & Active Duty Service members the VA loan still offers 100%, no money down financing in California. Recent enhancements for 2009 loans have increased the loan limits, and your entitlement might be higher that you thought. For example, San Diego VA loans are available up to $593,750, Los Angeles up to $737,500, Orange County up to $737,500, and San Bernardino / Riverside up to $417,000.

For non-Military, FHA is an incredible option for Home ownership at just 3.5% downpayment required.

VanDyk Mortgage is a Direct VA Lender and Direct FHA Lender. www.VanDykFunding.com