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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

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Mortgage Advice Column

Homebuyers’ Top Mortgage Fears



The day you decide to purchase a house is the day you feel adrenaline rushing through your body. Having that constant fear in the back of your mind, afraid of not having enough down payment or maybe your credit score is too low. Possibly, your debt is too high. Those fears are what might make you take a step back and ask yourself if it’s worth going through the home process.

But did you know it’s very possible you won’t be turned down for a loan? That’s because there are three types of home loans. A lot of those fears might just simply be misconceptions.

Here’s how you can overcome your mortgage fear:

“I don’t have enough for a down payment”
According to the National Association of Realtors, the average median down payment has been 5% for first time buyers for decades. People don’t realize there are different kinds of mortgage loans that requires less than 20% down. Many borrowers put down less than 2%.

Homebuyers who go with an FHA (Federal Housing Administration) loan type can put down as low as 3.5%. Borrowers who take out a VA (U.S. Department of Veterans Affair) mortgage have the offer of 0% down.

While many believe a 20% payment is a requirement, you can see that there are different loan options available.

“I have too much debt.”
Don’t assume no one will lend you money to buy a house or a condo just because you have debt to pay off.

Lenders typically want to see that you spend less than a certain percentage of your total income on recurring monthly debts. When looking for a home, most lenders look at the borrower’s debt-to-income ratio.

Let’s say you’re paying $300 a month on your student loans, another $400 on credit card debt, $300 on your car loan and expect a mortgage payment, including taxes and insurance, of $800.

The lender will find this ratio by adding your monthly debt payments and then dividing that number by your income. So, with that monthly pre-tax income of $5000, your debt-to-income ratio is right at 36% where it lies for conventional loans.

“My credit score is too low.”
The minimum credit score for conventional loans is 620. FHA loans require a minimum of 500. The VA does not impose a minimum credit score requirement. However, most lenders would want to see you have a minimum credit score between 580-620 before approving a VA loan. This can vary lender by lender.

“I don’t make enough money.”
Most lenders expect borrowers to have monthly housing costs consume less than 28% of gross income. The lenders will measure housing expenses as a percentage of gross income which indicates if a borrower can make the payments on their mortgage loans.

For instance, if a borrower’s salary were $5,000 a month, a lender would want to see the housing expenses were less than $1,400 per month.

Budgeting is key, so don’t lose hope!

 “Getting turned down for a loan.”
When searching for a home, you should consider getting pre-approved. It can get you a very good idea of where you stand, and this will help you boost your confidence when buying your dream home.

The pre-approval process is free and it’s one of the most important steps when getting a mortgage.

Before you decide to buy a house, find out if you can put your housing costs to work by buying this year! If you have any questions for us, don't hesitate to give us a call at 770-552-1000 or send us an email at skatz@vandykmortgage.com. We look forward to hearing from you soon!




How to get a Mortgage





The best part about house hunting is finding “the one”, but it’s important not to rush things and take the time to understand the home buying process. You don’t want to overwhelm yourself. So, before you set foot in your new home, make sure you know the step by step of getting a mortgage.

Here are some simple steps that you can follow to help make the most out of the mortgage process. 

Step 1: Get your credit in check    
Your credit score tells lenders just how much you can be trusted to repay your loan on time. 

Usually, first time home buyers are unsure of what their credit score is. When you look at your credit report, make sure there aren’t any credit errors. Having a credit error removed has the potential to boost your score, but keep in mind it can take up to 30 or more days to get corrected.

If you discover your credit report has errors, do what you can to improve your credit score, so you’ll be ready for the next step of researching and choosing the best mortgage type for you.

Step 2: Get pre-approved for a mortgage
Once you are prepared with your credit score, getting a pre-approval is the next step. A mortgage pre-approval is a letter from a lender that determines the loan amount you could qualify for. This will help you eliminate disappointment! Also, without it, the seller has no guarantee you can afford their home.

Step 3: Choose the right mortgage options
The most important thing is deciding the right type of mortgage for you! There are three main factors to consider when you are comparing loan options: The term, the interest rate type, and the loan type.
  • The loan term indicates how long you pay off the loan: The most popular loan terms than homebuyers get would be a 15-year or 30-year mortgage.
  • There are two types of interest rates: fixed and adjustable. Fixed rates will stay the same while adjustable rates change over the life of the loan.
  • There are three main types of loans: Conventional, FHA and special programs loans.

Once you have a sense of the type of loan you want, you can compare lenders and offers.

Step 4: Be patient
Don’t rush through the process. Buying a home requires a lot of time and effort, so you want to be fully prepared and make the best decisions possible.

Make sure you are ready to purchase a home, emotionally and financially!

If you want a full team of mortgage professionals to help with your decision on what is the best mortgage option for you, we’re happy to help. Please don’t hesitate to reach out to us, we look forward to hearing from you!




Trying to Buy a house in your 20s?





In your 20s, there’s so much going on with your life, especially figuring yourself out! It’s about fulfilling and preparing yourself for success. Just trying to have fun and being young, but you also go through the quarter-life crisis better known as your 20’s which could include college loans, extra expenses, and your first entry-level job.  When you think about homeownership, you think it’s beyond your reach. Believe it or not, that’s not the case!

Anything is possible, becoming a first-time home buyer is a big life decision!

So, if you think you’re ready, what are you waiting for? Here’s how you can make your first home-buying dream come true! 

Handle your Student loan debt
If you have student loan debt, you are not alone! College debt shouldn’t prevent you from buying a house.

When looking for a home, most Mortgage lenders look at a borrower’s debt-to-income ratio. The lender will find this ratio by adding your monthly debt payments and then dividing that number by your income. This will help determine the amount you can afford for a mortgage loan.

Another way to make room for mortgage payment is to refinance your student loans and extend it.

Purchase your dream home
When looking for your home as a first-time home buyer make sure to find the best house for you and your needs. A starter home may be the best option! After all, it’ll be your first, not your last! You don’t have to buy your forever home just yet.

Remember, make sure it’s something you’d be happy living in 5 years or so. 

Prepared for home expenses
Always be prepared by having emergency money for home repairs. Homeowners handle all the home repairs. If renovations need to be made, you are left to hire the right contractor and pay the bill. If you need to renovate the kitchen or repair roof damage, for instance, it’s up to you to take on responsibility as the home owner. All this in the long run can add up to a fairly large amount of money.

Remember to keep track of your budget!

In the end, owning a home is the best thing that can happen especially in your 20s. The best way to ensure your home-buying process is a confident one, please don’t hesitate to reach out a full team of mortgage professionals. Call us at 770-552-1000. We’re happy to help you make the best decision.


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