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  VanDyk Mortgage
VanDyk Mortgage
in Home Purchase Mortgages from VanDyk Mortgage Corporation · NMLS ID #3035
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VanDyk Mortgage

Unaffiliated
in Home Purchase Mortgages from VanDyk Mortgage Corporation · NMLS ID #3035
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Highlights
Loan Amount N/A
Loan Term (Years) 15 - 30 years
Credit Score Range Up to 720
No Origination Fee N/A

VanDyk Mortgage Review

VanDyk Mortgage is offered by VanDyk Mortgage Corporation (NMLS #3035), a direct lender founded in 1987 and based in Grand Rapids, MI. VanDyk Mortgage is available in 8 states across the USA.

Key Takeaways
  • 3 different mortgage programs offered. VanDyk Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
  • Financing for single-family and multi-family properties. However, VanDyk Mortgage Corporation does not offer financing for manufactured homes.
  • Standard interest rates types. VanDyk Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
VanDyk Mortgage Pros & Cons
Pros Cons
  • Offers financing for both single and multi-family homes.
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 8 states.
VanDyk Mortgage FAQ

What is the maximum loan term you can get with VanDyk Mortgage?

VanDyk Mortgage offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does VanDyk Mortgage Corporation offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, VanDyk Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, VanDyk Mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does VanDyk Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. VanDyk Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for VanDyk Mortgage is (888) 428-6395.

What is the support contact email?

The support contact email for this business credit card is askus@vandykmortgage.com.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

About VanDyk Mortgage

Availability

  Available in 8 states
  • Florida
  • Georgia
  • Indiana
  • Maryland
  • Michigan
  • Ohio
  • Pennsylvania
  • Tennessee

Feature Breakdown

Credit Score Range - 720
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Minimum Down Payment Up to 20%
Property Type
  • Single Family Home
  • Townhome
  • Multi-Family Home
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Loan Payoff Statements
  • Government Issued Photo ID
  • Social Security Number
Investment
Primary Residence
Loan Term 15 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • USDA
  • VA

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