Sunday, October 25, 2009

FHA loans still available with Fico's as low as 580

VanDyk Mortgage is proud to announce that we offer FHA Loans for Borrowers with fico scores as low as 580.

Many FHA Lenders have begun to require minimum Fico scores for FHA Loans of 640 in recent months, and will not fund FHA loans with a middle fico score under 640, or under 620. This is not due to changes in the FHA Loan Program, or mandates from HUD (who oversees the FHA program), these are individual Lender requirements from many of the big banks (yes, the same ones we all bailed out with our Tax Dollars).

VanDyk Mortgage again offers FHA Loans for Borrowers with fico's as low as 580. These are available for FHA Purchase, FHA Refinance, or FHA Cash out. Many home buyers begin the home buying process with an acceptable score for their lender such as 642, then find after the arduous homebuying process with Short Sales and REO Bank owned properties that their score has fallen below 620, and their lender can no longer help. Call us immediately in this situation, we may be able to help.

We are able to offer this program for two reasons. First, this loan will not be sold in the secondary market, so it is not subject to the additional requirements that other banks require. Second, we will underwrite all of these loans manually, not rely on automated systems. Please keep in mind that all loans are subject to minimum qualification requirements, and that this is not an offer to lend.

VanDyk Mortgage has been making FHA & VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. VanDyk Mortgage is also a Proud VA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at or call Brian Skaar direct at 760-752-4480 for help with your VA or FHA loan.

We are your VA Jumbo Direct Lender and FHA Jumbo Direct Lender and we offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Jumbo Streamline refinance, FHA Jumbo Purchase, FHA Streamline, VA, VA Streamline, VA Jumbo purchase, VA Jumbo Refinance, VA Cashout refinance, 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, CA, WA, GA, FL, MO, MI, TX, Carlsbad, Oceanside, Vista, Escondido, Fallbrook, Bonsall, Riverside, Los Angeles, Orange County, Irvine, Corona, Anaheim, Santa Ana, Seattle, Washington, Bellevue, Kirkland, Redmond, Lynnwood, Olympia, Tacoma, Puyallup, Buckley, Auburn, Kent, Federal Way, Seatac, San Francisco, San Jose, Carson, Gardena, Hawthorne, Lawndale, Inglewood, Ladera Heights, View Park, Windsor Hills, Baldwin Hills, Fox Hills, Culver City, Beverly Hills, Malibu, Santa Monica, Brentwood, Calabasas, Encino, Oakland, Bel Air Estates, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, Sacramento, Stockton, Bakersfield, Fresno, San Marcos, San Diego, Rancho Bernardo, Carlsbad, Escondido, Poway, Oceanside, Vista, Encinitas, Carmel Valley, Scripps, Tierra Santa, El Cajon, La Jolla, Chula Vista, National City, San Ysidro, Santee, Eastlake, Ramona, Long Beach, Artesia, La Palma, Cerritos, Compton, Lynwood, Bellflower, Temecula, Murrieta, Southern California, Northern California, Washington, Everett, Lynnwood, Tacoma, Kent, Federal Way, Auburn, Renton, Bellevue, Redmond, Kirkland, Whittier, Santa Fe Springs, Downey, Irvine, Newport Beach, Los Angeles, San Bernardino, Riverside and Orange County. VanDyk Mortgage is your FHA Lender & VA Lender of choice. VanDyk Mortgage Funds FHA Loans with Ficos between 580 and 640. (and of course higher fico's allowed also!).

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