Conventional Loans with 5% down payment in California - 95% financing options

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Mortgage Banker with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

Conventional Loans with 5% down payment in California - 95% financing options

VanDyk Mortgage offers Conventional Purchase loans up to $417,000 with just a 5% down payment.   Here are some basic details:

California and Washington state are now eligible for our Conventional Fannie Mae Loans up to 95% Loan to Value - Only 5% down payment is required.   We do not consider CA a declining market, so we are able to offer these enhance financing options for Conventional loans.

Minimum credit score = 660

Maximum Debt Ratio = 41%  (up to 45% Debt Ratio with a 720+ Fico score)

Condo's OK to 95%!

Loan amounts up to $417,000 (that would be a purchase price up to $438K with 5% down).

If you don't have a 680 middle score, or have a slightly higher debt ratio,  we can still help with our FHA Loans.   If your purchase price is higher than $438K, FHA Jumbo may be able to help as well.  

Give us a call to get started - 760-752-4480.  

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Topic:
Lending / Financial
Tags:
ca
ca jumbo
5 down
95 conventional
95 financing

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Rainmaker
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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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Additional Information

The Government Loan Pro's Blog includes topics on Government backed Home Mortgage Loans and Lending, VA loans, VA Jumbo Loans, FHA Loans, USDA Loans, FHA Jumbo Loans, VA High Balance Loans, FHA 203Ks loans, Conventional Loans, Jumbo Loans, No monthly PMI Loans, Piggyback loans, 80/10/10 loans, Conforming High Balance Loans, how to use your VA Home Loan Benefit, San Diego, Los Angeles, SF Bay Area, Northern California and Southern California Home Loans, Seattle - Tacoma - Everett Area Home Loans, Virginia Loans, Wyoming Home Loans, Washington Loans, Georgia Home Loans, Massachusetts Home Loans, Wyoming Home Loans, and more. Visit us at vandykfunding.com for even more info or to get started. Or give us a call at 760-752-4480 direct. NMLS ID: 3035 - VanDyk Mortgage Corp NMLS ID 220268 Brian Skaar - Loan Originator http://www.nmlsconsumeraccess.org/

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