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A Better Mortgage Process:

We have streamlined the lending process by keeping each loan in-house. You save time — and money.

In addition, because we're backed by VanDyk Mortgage Corporation, one of the largest privately held direct lenders in the country, we are able to offer very competitive rates and low closing costs.

A Better Mortgage Process:

We have streamlined the lending process by keeping each loan in-house. You save time -- and money.
In addition, because we're backed by VanDyk Mortgage Corporation, one of the largest privately held direct lenders in the country, we are able to offer very competitive rates and low closing costs.

Mortgage Loan Process

We offer a variety of residential home loans for both Purchase and Refinance transactions:

  • FHA Purchase & Streamline Refinances
  • VA Purchase and IRRL Refinances
  • USDA 100% Rural Development Loans
  • Jumbo loans up to $3,000,000

We offer a variety of residential home loans for both Purchase and Refinance transactions:

  • FHA Purchase & Streamline Refinances
  • VA Purchase and IRRL Refinances
  • USDA 100% Rural Development Loans
  • Jumbo loans up to $3,000,000
Mortgage Loan Programs

Tools and Resources:    

We offer all the goodies you need to help you choose the
right loan. Payment Calculators, Mortgage Glossary, Real
Estate Newsletters, and free downloads to help you make
educated, well informed, decisions.

Tools and Resources:     

We offer all the goodies you need to help you choose the
right loan. Payment Calculators, Mortgage Glossary, Real
Estate Newsletters, and free downloads to help you make
educated, well informed, decisions.

Mortgage Loan Tools

What people are saying…

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"Excellent service, very responsible. Great team, always. Very attentive and very diligent. Smooth process. You don't waste time, all documents are electronic and easy process."
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by Jose Cornier
"We needed a fast loan commitment and could not afford any delays because our seller was very difficult, and if we couldn’t provide a commitment letter on time..."more
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by kathi75
"Working with VanDyke is always pleasant and informative. They keep you on the same page and answer any questions you may have. They are very concerned about your..."more
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Mortgage Advice Column

Your Mortgage Survival Guide


Are you a first-time homebuyer? Obtaining your first mortgage can be scary and confusing. We outlined the entire process for you to help set your mind at ease!




Step 1: You will need to get pre-approved (or at least pre-qualified).

It is important to know what loan amount you are approved for so that you can start looking for houses within your price range. For a pre-approval, you will need to provide us, your lender, with your driver’s license, social security number, marital status, contact information, most recent bank statements for all accounts, employment information, most recent 30 days paystubs, most recent 2 years of W2(s), and most recent 2 years tax returns. We will also need to pull a tri-merge credit report. Once we have all of the necessary information, we will provide you with a written commitment of the maximum amount that we can lend you.

Pre-approval only requires a few minutes over the phone to ask about your credit score, your current salary, the amount of your down payment, and what your monthly debts are. We don’t require any documents for pre-qualification, which is why it is much more accurate to get pre-approved. You can get pre-approved by filling out a loan application here: http://po.st/VDLoanApplication

Once you are approved for a loan amount, you can start to look for houses that you know you can afford. Real estate agents also prefer working with buyers who are pre-approved. Pre-approvals can also help you identify any potential credit issues you may be unaware of and will give you time to resolve these issues before you find your dream home. Lastly, sellers are more likely to accept your offer over others if they know that you can definitely afford the house.

Step 2: You found your dream house and the contract has been signed!

Congratulations! The next few steps before you decide on a lender will go as follows:

1.       Your escrow or earnest money deposit check will be cashed. This is generally non-refundable, but there may be some contingencies built in. Make sure to check with your realtor about that.

2.       Schedule a home inspection. Don’t be afraid to ask questions, this is one of the biggest purchases of your life! Also, remember that you will be responsible for the cost of the inspection.

3.       Review the seller disclosures from your real estate agent. Review the listed improvements or renovations and make sure permits were obtained when necessary. These documents will also disclose pest infestations, water intrusions, sinkholes, HOAs, environmental hazards, property line disputes, etc. Review them all and get any additional inspections as needed.

Step 3: The loan process.

If you chose to get pre-qualified before you found your house, then you will need to fill out your loan application now. If you already filled one out, then congrats! You are on your way! The process will play out as followed:

1.       Preparing Your Loan. We, your lender, will gather all the necessary documentation. These documents will be reviewed and submitted to processing. Also, loan disclosures will be sent to you to review and sign. The processor will contact you for any additional needs.

2.       Appraisal.The appraisal will be ordered within 24 hours of the formal loan application. Expect processing to make their introductory call if they did not contact you previously for any additional info.

3.       Underwriting.Your loan will be submitted to underwriting within 5 calendar days and is typically underwritten within 1-2 days.

4.       Conditional Approval. The underwriter will conditionally approve your loan. The processor will request any additional items needed for closing and they will continue to send weekly updates.

5.       Get Homeowner’s Insurance. Obtain your insurance within 24 hours of conditional approval so that you don’t delay your closing.

6.       Final Approval. Your processor will submit conditions to the underwriter and then final approval will be issued.

7.       Clear To Close. Your loan is clear to close and the closing disclosure will be sent to you 3 days prior to closing.

8.       Closing Day.Documents are signed, loan is recorded and keys are exchanged. Congratulations, you are officially a homeowner!

Some do’s and don’ts for your credit score during the mortgage process.

Don’t:

1.       Don’t apply for new credit cards. This includes general credit cards (visa, mastercard, etc.), credit cards for retail stores, etc. Each of these companies will pull your credit to approve you for their card, which will cause your credit score to drop. You could lose 2-50 points for each hard inquiry.

2.       Don’t pay off collections or charge-offs. This will decrease your credit score immediately because it will change your last activity date. If you decide you want to pay off your old accounts, make sure to do it through escrow. Also, before you go to escrow, make sure that you validate that the debt is yours and that the creditor agrees to give you a letter of deletion.

3.       Don’t close credit card accounts. If you do, your debt ratio will go up. This can also affect other credit score factors, such as length of credit history.

4.       Don’t max out or over charge your credit cards. This will bring your credit score down 50-100 points. The ideal scenario is to keep your balances below 30%. If you decide to pay off your credit card, make sure you do so for all accounts.

5.       Don’t consolidate your debt onto 1 or 2 credit cards. If you do this, it will appear that you are maxed out on that card.

6.       Don’t do anything that will cause a red flag to be raised by the scoring system. This includes adding new accounts, co-signing on a loan or changing your name or address with the bureaus. The less activity on your credit reports the better.

Do:

1.       Do join a credit watch program. You can check your reports weekly, or sometimes even daily depending on which program you choose. That way, if something does show up on your report that could cause your score to go down, you will know immediately and can resolve the issue.

2.       Do stay current on existing accounts. This includes anything from mortgage payments to car payments. One late payment can cost you 30-75 points.

3.       Do continue to use your credit card as normal. It is important to keep up your pattern, otherwise, your score could go down.

4.       Do call your lender if you receive anything from a creditor or collection agency that can affect your score. They may be able to help you to stop any derogatory reporting to the bureaus.

For our full loan survival kit, give us a call today: 770-309-0939. We are happy to help!

Tips To Sell Your Home For Top Dollar


There are some things that you should consider if you're about to list your home for sale, especially if you're trying to find the most accurate price possible.





You have to think of your home as a product when you sell it, so you have to figure out how to attract these buyers to your product.



A lot of people think they can overprice their home and then come back down on the price if they don't get any offers, but this is a risky move. You run the risk of alienating yourself from buyers because they simply don't respond well to overpriced homes.



You need to price your home at market value, and to do so, you need to look at area comparable sales. Take a look at pending sales and see what homes are selling for. A real estate agent can help you with this as well.



Remember the three P's of selling: promotion, position, and pricing. When you price your home correctly, you put yourself in a good position to get multiple buyers interested, which can result in a very high selling price.



There are a number of different things you can do to price your home attractively in order to bring in the largest amount of buyers possible. It’s important to work with your real estate agent to determine the best price for your home.



If you need recommendations for appraisals, home inspections, etc., give us a call. We’re happy to help!

How To Win A Bidding War


It happened, you found your perfect house. Congratulations, you’re one step closer to homeownership! You reach out to the listing agent, only to find out that someone else wants the house too. Now you are faced with a bidding war (wait… what?). Before you start to panic, we’re here to explain how to come out on top!


1.       Don’t bid more than you can afford

Talk to your lender first before you decide how much money you are going to bid. Ideally, you should talk to us before you even start your house search. We will be able to tell you how much you can afford and what type of loan you will be approved for.

Never bid more than you have been approved for! In fact, you should always opt on the lower side. If you bid more than you can actually afford, you could lose the house entirely. Even if you win at the higher amount, it will put you in debt before you even move in. This could lead to late mortgage payments and eventually foreclosure.

That being said, submit your best and final offer early. You don’t want to lose the house because the other buyers bid at a price that you could beat. Another option is to add a clause stating that you will pay $1,000 more than the next ‘best and final,’ capped at the original price as seen in the listing.

2.         Utilize your agent and your lender

People forget how powerful a face-to-face or phone conversation can be. Everything is done through e-mail, which takes the human touch out of the equation. Have your agent personally speak to the listing agent to address any concerns that they may have. Ask your lender to do the same and you’re solid. While numbers are important to the listing agent, so is the certainty that the purchase will go through.

3.       Have a flexible closing date

If you are not in a rush to close, let the listing agent know. Most sellers are either looking to sell immediately or they have no timeline in mind. Play either side of the coin if you have the option. For example, if the listing agent mentions that the sellers’ new house won’t be ready for a few weeks, tell the agent that you are in no rush to move. This could swing the bidding war in your favor. On the flip side, if they are looking to move immediately, let the agent know that you can move ASAP. Then work with your lender to ensure the process moves along as quickly as possible.   

4.       Accept the house as-is

The house may need some updating, but if you’re in a bidding situation, it may work in your favor to accept the house as it is. The sellers will be relieved that they don’t have to put any more work into the house and you’ll win the bid!

5.       Write a letter to the sellers

Most sellers have an attachment to their home. They lived there for years and have made many memories. Write them a letter to explain to them why you want the house and your plans in your new home (example: a place where you can start your family). The sellers will be happy to know that they are giving their house to someone who will truly cherish it.

Have you won a bidding war before? If so, let us know how! 770-552-1000
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