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"Knowledge creates confidence...
Confidence creates action...
Action creates sales!"
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Tom VanDyk
Founder VanDyk Mortgage |
Minimal or No Overlays with VanDyk Mortgage.... our product menus will increase your production.
Products are the “tools” of our industry....
Like a builder... you can’t build your business without the tools!
Do you have a full knowledge of all these “tools”?
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Fixed Rate Conforming
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FannieMae, FeddieMac, GinnieMae - fully delegated direct lender
(10 to 30 year terms) We allow simultaneous submission to both DU & LP which means less conditions and more appraisal waivers! |
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Conforming and High Balance
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All underwriting done in house.
With a conforming or conforming high balance home loan from VanDyk Mortgage your clients will enjoy low rates, a streamlined process and a loan custom tailored to fit their needs. |
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Cash Out Refinance
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For homeowners that want or need cash out from their equity.
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Non-Owner Occupied Loans
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Great for investors and snowbirds who want a second home.
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Jumbo and Streamlined Jumbo
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Up to $5,000,000. We are delegated lender with "in house" underwriting and non-delegated to broker out difficult loans.
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ARM
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Adjustable-rate loans. Lower rates and payments during initial years....
3/1, 5/1, 7/1 - Great choice if your borrower expects to refi or sell your home shortly after the first rate adjustment. |
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HELOC - Home Equity Line of Credit
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Since the loan is collateralized against the home the rates are typically much lower than a credit card of consumer debt.
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Non-QM / Near Miss
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For borrowers that fall just outside of agency guidelines due to credit or income.
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FHA
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We are a Direct GinnieMae seller/servicing and able to go down to 580 credit score, low down, allows gifts, down payment assistance, great option for credit challenged borrowers.
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VA
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Fully delegated lender plus "IRRL" (interest rate reduction loan) - easier to qualifying, 100% financing available
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RURAL Development Loans
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Up to "0" down payment in targeted areas.
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Reverse Mortgage Loans
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HECM (Home Equity Conversion Mortgage) - a great tool for those 62 years and older. May be used to purchase a home, cash out, rate and term refi or a line of credit. Program is designed with no monthly payments! HECM is a reverse mortgage that is insured by the Federal Housing Administration (FHA) that allows seniors (must be 62 or older) to convert the equity in their home into cash.
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State Bond Programs
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State funded programs provide lower rates and terms for individual state residence.
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Streamlined Renovation Loans
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May use the loan to purchase and rebab the home. Conventional, FHA, USDA, and VA options available.
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Non-Warrantable Condos
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For newer condo projects that don't meet agency guidelines. State by state in designated areas.
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Bank Statement Loans
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Great for self-employed that struggle with conforming documentation.
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Investor Loans - Non-Owner Occupied
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1 to 4 family.
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Second Home and Snowbird Loans
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1 to 4 family. Investors are FannieMae and FreddieMac.
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Debt Service Coverage Ration (DSCR) Loans
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Allows a borrower to qualify utilizing cash flows specific to an investment property only.
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Construction Loans
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One time close with up to 12 month locks. Conventional, FHA, and VA options available.
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Derogatory Credit Event
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For borrowers who had credit related event and do not meet standard agency seasoning requirements.
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Native American Section 184 Loans
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VanDyk Mortgage has it's ONAP approval and the ability to close loans which fall under section 184.
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Bridge Loans
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Short term financing which can help a borrower buy a home without having sold their previous.
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ITIN (International Tax ID) and Foreign National
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For individuals who are not US citizens but have documentation necessary to purchase a home in the US.
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Home Ready/ Home Possible
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Agency products that allow as low as 3% down and lower mortgage insurance rates.
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Disclosure- This menu is intended as a guide and may change without notice. Each investor will have their own unique underwriting and procedure manual. Not all programs are available in all states.
