VanDyk Mortgage is proud to offer our Homestyle Renovation loan. This is a conventional loan that can help you finance the renovation of a new home purchase, or an existing home with a Refinance.
You will qualify for this loan much like a standard Conventional Conforming loan. The exception is that you can add in funds to complete small (minimum $15,000) to large amount (maximum $250,000) renovation projects. Scope of work for the Rehabilitiation or Renovation project can include virtually anything that will bring a house to your specs or meet your dreams.
These loans are a great alternative to the FHA 203K rehab loan. If you have 20% down payment, you will avoid Mortgage Insurance with the Homestyle renovation loan.
These loans are available up to the Conforming limit of $417,000. We do require a Full Builder Third party contract for completion of the work, no owner-builder or family-builder option is available at this time. You are required to make all normal payments during the construction period.
This is a fantastic way to purchase a Bank Owned, REO, Foreclosure, Short Sale, Tax sale, probate sale, or otherwise distressed property, and include the funds to renovate & rehabilitate the property to like new condition (or better in many cases!). This loan does not require a HUD Consultant inspection, however project review & quality appraisal work is required.
The VanDyk HomeStyle Renovation loan is available for primary homes, second homes, investment homes, Single family, duplex (2 unit), triplex (3 unit), fourplex (4 unit), condo's, & PUD's.
Apply online at www.vandykfunding.com. Call the Renovation & Government Loan experts to find out how to structure your next purchase.
VanDyk Mortgage has been making FHA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at www.vandykfunding.com or call Brian Skaar at 760-752-4480 for help with your FHA Streamline or FHA purchase loan. We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, Conforming & Jumbo Loans. We serve the following areas for VA, FHA and Conventional loans: California,Southern California, Northern California, Washington, Texas, Georgia, Florida, San Diego, San Marcos, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, and every other city in California.
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