VA Loans

VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan up to your county VA Loan Limit, and the VA Loan rate is usually lower than is typically available with other loans.  

We offer VA Loans & VA Jumbo Loans with loan amounts up to $2m.  No down payment required for qualified Veterans with full entitlement available. 

We also offer VA Loans & VA Jumbo Loans with loan amounts up to $2m for Veterans with partial VA Entitlement available with the appropriate down payment.  This is for situations where you may still have a home with VA Financing, or had a prior VA Loan that resulted in a charge against entitlement. The down payment is based on your County VA Loan Limit, your Available VA Entitlement, and the purchase price of the home.  Give us a call to help calculate your options. 

Other benefits of a VA loan include:

  • Competitive interest rates.
  • Available up to $2m with no down for qualified Veterans with full VA Entitlement available.
  • Closing costs comparable – and sometimes lower - than other financing types.
  • No private mortgage insurance requirement.
  • Right to prepay loan without penalties
  • More forgiving with credit issues, job changes, etc
  • Can borrow as soon as 2 years after a foreclosure or bankruptcy
  • Can purchase single family, condos, manufactured homes, puds, townhomes, duplexes and 3-4 unit properties.
  • Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
  • Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan. 

I have specialized in VA Loans and VA Jumbo Loans since 2008.   It is my honor to assist Veterans and Active Duty Military utilize their VA Home Loan Benefit.  ~ Brian Skaar, Branch Manager, VanDyk Mortgage. 

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount. (the most common path)

A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA. 

A Certificate of Eligibility from the VA is necessary to determine eligibility.   We can help you acquire this form, give us a call or contact us for help.   

If you need help getting your VA Entitlement restored after the sale of a prior home with VA Financing, give us a call, we can help. 

VA Loans can help Vets get the best loans available.  Call us now to get started on yours.  866-900-2342.   VanDyk Mortgage is a VA Direct Lender, making VA Loans since 1987.   Or apply online now for your VA Loan Approval

2023 VA Loan Limits by California County

Have more questions about Home Loans? Call us at 866-900-2342 toll free direct or contact us here online.

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