Bakersfield, CA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender serving Bakersfield

Bakersfield, CA - VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender serving Bakersfield

VanDyk Mortgage is your source for VA Loans and FHA Loans in Bakerfield. We have been making FHA, VA, Conforming, and Jumbo loans since 1987. VanDyk Mortgage is a Direct Lender. We offer many loan programs for Bakersfield Homebuyers and Kern County Homeowners to Purchase and refinance homes..

• FHA Loans for Purchase and refinance
• VA & VA Jumbo (aka High Balance) for Purchase and refinance
• Conforming Loans for Loans for Purchase and refinance
• Jumbo Loans to $3m

Bakersfield FHA Loans are available up to $368,750 with just 3.5% down payment. The FHA 2010 Loan Limit for Bakersfield is $368,750.

VA Loans are available in Bakersfield up to $417,000 with zero downpayment. The Bakersfield VA Loan Limit in 2010 is $417,000. However, Veterans are not limited to the Kern County Loan limit of $417,000 for VA Loans. We also offer VA Jumbo Loans up to $1.5 Million with the appropriate downpayment or equity to reach the VA Guarantee requirements of 25%. Here is one of our posts on how you can get a VanDyk VA Mortgage VA Loan over your county limit.

Bakersfield Conforming Loans are available up to $417,000. Conforming purchase or refinance loans are available with a minimum of 5% downpayment or equity for Bakersfield.

Bakersfield Home Loan information

FHA Home loans in Bakersfield, California:

• FHA Home Loans require just 3.5% downpayment
• FHA Home Loans for Refinance available up to 97.75% Loan to Value
• Bakersfield FHA Loans available up to $368,750
• The $368,750 is the base loan amount - the Bakersfield FHA Loan Limit of $368,750 does not have to include the UFMIP (FHA's Upfront Mortgage Insurance Premium, which is usually financed into your loan amount)
• This would allow you to purchase up to a $382K home in Fresno with 3.5% down.
• The Seller can pay up to 3% of your closing and settlement costs.
• Minimum score for a FHA Home Loan is just 620
• You can receive a gift of funds for your Downpayment and closing costs from Family
• FHA Condominium requirements include at least a 51% owner occupancy ratio, no outstanding lawsuits against the Homeowners Association - call for details.
• FHA Loans allow non-occupying co-borrowers such as parents and siblings.

VA Home Loans in Bakersfield, California:

• Active Duty Military and Veterans can both qualify
• 100% financing up to $417,000
• A $500k Bakersfield VA Home Purchase would only require $20,750 downpayment (4 .15%) - not including the VA Funding Fee
• A $675k Bakersfield VA Home Purchase would only require $64,500 downpayment (9.56%) - not including the VA Funding Fee
• ~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
• Sellers can pay up to 4% of the VA Buyers closing costs

Conforming Home Loans in Bakersfield, California:

• Bakersfield Conforming loans available up to $417,000
• For Purchase and refinance
• require a minimum of 5% downpayment or up to 95% LTV on Purchase Loans
• Up to 95% Loan to Value on Refinances
• Allow for condominiums, Second Homes, and investment properties
• Call for details on Fico score requirements, downpayment requirements, etc

** please visit our post on Conforming vs Conventional to help explain the difference between these two terms, they are often misused in the media and web.

Give us a call at 866-900-2342 direct, ask for Brian Skaar to see if this is the right loan for you. Visit us on the web at www.vandykfunding.com

VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. We are also a VA Lender and VA Jumbo Lender.

Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar direct at 866-900-2342 for help with your FHA or VA loan. We offer FHA, FHA Jumbo, VA, VA Jumbo, Conforming & Jumbo Loans. VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

In addition to Bakersfield, We service the entire state of California, including Redding, Sacramento, Bakersfield, Stockton, Oakland, San Francisco, Fremont, Clovis, Sunnyvale, Patterson, Modesto, Salinas, Palmdale, Lancaster, Los Angeles, Ventura, Santa Monica, San Bernardino, Riverside, Corona, Santa Ana, Orange, Irvine, Anaheim, Huntington Beach, Long Beach, Brea, Ventura, Santa Barbara, Monterey, Corona, Palm Springs, Indio, Temecula, Murrieta, San Diego, Chula Vista, Oceanside, Escondido, Vista, La Mesa, Santee, Santa Maria, Santa Clarita, San Clemente, Laguna, Aliso Viejo, Mission viejo, Rancho, Santa Margarita, Rancho Cucamonga, and more. In addition to California, we service the entire state ofWashington, including Spokane, Spokane Valley, Mead, Newport, Liberty Lake, Newman Lake, Airway Heights, Deerpark, Seattle, Tacoma, Everett, Puyallup, Kent, Auburn, Bellevue, Federal Way, Kirkland, Redmond, Woodinville, Snohomish, Marysville, Lake Stevens, Mukilteo, Lynnwood, Montlake Terrace, Edmonds, Des Moines, Renton, Issaquah, North Bend, Monroe, Olympia, Lacey, Bremerton, Tumwater, Port Orchard, and Vancouver.

VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types. As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter, ie FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA High Balance, and FHA mortgages of all types. Visit us at www.vandykfunding.com to get started or just find out more