VA Loan Limits and VA Minimum Down Payment requirements for 2015 – San Diego

Here are the San Diego VA Loan Limits and VA Minimum Down Payment requirements for 2015 for qualified Veterans and Active Duty Military Personnel.

 

VA Loan Limits and Down payments for San Diego - 2015

 Purchase Price
San Diego VA Loan AmountDown Payment - minimumDown Payment %
$562,350 $562,350 ZEROZERO
$600,000$562,350 $9412
1.569%
$750,000$562,350 $46,9136.255%
$1,000,000$562,350 $109,41310.941%
$1,250,000$562,350 $171,91313.753%
$1,500,000$562,350 $234,41315.628%
These examples do not include the VA Funding Fee in the Loan Amount. This amount will vary depending on whether this is a first time use of your VA Home Loan Benefit, a subsequent use, if your service was regular or reserve/guard, and/ or if you have a VA Disability Rating (in which case the VA Funding Fee is waived).

 

We offer VA Loans up to $1.5M loan amounts when accompanied by an appropriate down payment to meet the VA minimum guaranty requirements.  San Diego Veterans are not limited to the San Diego County Loan Limit of $562,350,  we offer VA Loans up to $1.5M loan amounts.

VA Loans that exceed the VA County Loan Limit of $562,350 for San Diego County are also known as VA Jumbo Loans, VA High Balance Loans, and VA Super Conforming Loans.

Call today to get started with the VA Loan Pro’s at VanDyk Mortgage – 866-900-2342 toll free direct, or 760-752-4480 local direct.  or get started online here

 

San Diego VA Jumbo Loans after Hardship – Bankruptcy, Foreclosure, Short Sale

San Diego VA Jumbo Loans after Hardship – Bankruptcy, Foreclosure, Short Sale

Many San Diego Veterans have encountered financial Hardship during the past several years.  Job Loss, Active Duty Recalls, Overseas Tours, Risky Mortgage Loans, falling Real Estate Prices, etc have created financial Hardship for many Veterans across the Country in the form of Bankruptcy, Foreclosure and Short Sale.

We have good news for our California Vets:   You may quailify for a VA Jumbo Loan with VanDyk Mortgage as soon as 2 years after one of these events.

Here is a quick list of the waiting period for each Hardship.

San Diego, California VA Jumbo Loans After Financial Hardship:

  • VA Jumbo Loan after Bankruptcy – as soon as 2 yrs after Bankruptcy Discharge
  • VA Jumbo Loan after Foreclosure – as soon as 2 yrs after Foreclosure Sale Date
  • VA Jumbo Loan after Short Sale – as soon as 2 yrs after Short Sale date
  • VA Loans after Short Sales that had no late Mortgage Payments prior to date of sale may be eligible sooner than 2 yrs (sometimes immediately after sale)

It is important for VA Jumbo loan qualification that you have no late payments of any type after the date of the Hardship.  Please call us to review if you have specific questions about your scenario.

If you and your family have experienced one of these financial hardships and you are a Veteran,  please call us to find out how soon you may qualify to purchase a new home, upgrade your existing home, or refinance your current loan to take advantage of low interest rates utilizing your VA Benefit and the current Higher VA Loan Limits – 866-900-2342 toll free direct.

San Diego VA Loans that exceed $417,000 are also called VA High Balance, VA Super Conforming, and VA Super Jumbo Loans.   VanDyk Mortgage offers all of the above, and also offers VA Loans up to $1.5M with a down-payment or equity roughly equivalent to 25% of the amount that exceeds the County VA loan limit for 2015 – $562,350.

We offer VA Jumbo Loans up to the San Diego County VA Loan Limit for 2014 of $546,250 with zero money down required  throughout San Diego County,  from Coronado to Imperial Beach, up through Downtown, Liberty Station, Point Loma, Ocean Beach, Mission Beach, & Pacific Beach on through La Jolla, Clairmont, Carmel Valley, Del Mar, Solana Beach, Encinitas, Cardiff, Leucadia, Carlsbad, Oceanside, Bonsall, Vista, San Marcos, Fallbrook, Rainbow, Escondido, Rancho Bernardo, Poway, Ramona, Pauma Valley, Pala, Valley Center, Scripps Ranch, 4s Ranch, Del Sur, Tierra Santa, Santee, Lakeside, La Mesa, San Carlos, Mira Mesa, Carmel Mountain, Alpine, Jamul, Chula Vista, National City, San Ysidro, Eastlake, Otay Ranch, El Cajon, Lemon Grove, etc.

Call the Government Loan Pro’s today for help with your VA or VA Jumbo Loan – 866-900-2342.

Relocating to San Diego – Tips for a Smooth Home Purchase

Relocating to San Diego – Tips for a Smooth Home Purchase

When relocating to San Diego from out of state, or even relocating from other parts of California, it is important to plan your new Home Purchase ahead of time.  We have a few tips to help make the process easier on the Home Loan Process.    The first step is the determine what type of Home Loan is best for your new San Diego Home Purchase.    We suggest contacting us prior to your move, so we can discuss Loan Options such as VA, FHA, Conventional Loans with low downpayment,  USDA, etc.   We will help you find the best fit for your individual situation and get Pre-approved.   The next step is to collect all of your paperwork for the new loan.   We will review it thoroughly and prepare your Loan Pre-Approval.

Tip ~ We suggest that you place your paperwork in a special area,  separated from the packing boxes related to the move.   If you access or store your documentation on your computer, keep that separate from the Moving truck as well.    This way you will know where to find the paperwork when it’s needed.   

We can help you with a variety of Home Loan options – VA,  FHA, Conventional, Conventional loans with as little as 3% down, USDA 100% (in eligible areas), and Jumbo Loans.  We will help you determine how the disposition of your current home effects your purchase options in San Diego.   For instance, it is OK to have more than one FHA Loan in qualified circumstances.    You may be able to use the Rent Income on your current home to help qualify for the new home as well.

We are proud to help families plan their Relocation to San Diego and assist in any way possible.   From providing strong Loan options to helping find a qualified Relocation Realtor,   We are here to help.