Brian's Blog


FHA - a few things you should know.......

With the re-emergence of FHA as one of the best ways to buy a home this year (or in my opinion, the best way) many old wives tales have come back into water cooler & family dinner table discussions about FHA loan qualifications.     

FHA Myth #1  -  FHA is for First Time Home Buyers

FHA Reality:  FHA is for all Home Buyers, there is NO requirement that you be a First Time HomeBuyer (FTHB).  It has just always been most common that people use FHA for their first home, as they may not have a large downpayment.   Most second time buyers are carrying equity from the sale of their last home into the new sale, hence that lack of need for the low downpayment FHA loan.  

FHA Myth #2  -   FHA is for low income buyers (or low income refinancers). 

FHA Reality:   FHA has no income limits.   Once again, FHA is flexible in terms of credit, income qualification, and low downpayment requirements, hence the perception.  But many of our clients have a very decent income, they just want the advantages that FHA loans have to offer in the way of less downpayment required, lower fico score requirements, and more liberal credit history evaluation when compared to Conventional loans.  

FHA Myth #3  -  FHA loans can only be used one time.

FHA Reality:   There is no limit as to how many homes you can purchase with FHA.  You can however only own one primary residence that is secured by a FHA Loan at a time.   So if you currently have a FHA loan on your home, and you sell it to purchase another, you can get another FHA Loan for the new home.  

And one more thing:   FHA Appraisals are not nearly as stringent as they were just 7 years ago.  FHA just wants to ensure that your new home is Safe, Secure & Sound, much like your finances. The home needs to be in working order, free of obvious water damage, infestations, or structural damage which may effect the safety & structural integrity of the home.   But the days of replacing dirty carpet, wall scratches,  & flaky paint are over.  If you want to buy it in that condition, chances are, FHA will allow it.   As long as it is Safe, Sound, & Secure.  

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 or call Brian Skaar at 760-752-4480 for help with your FHA loan.   We offer FHA, FHA Secure, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K,  VA, Conforming & Jumbo Loans.   

VanDyk Mortgage lends accross America including:   Southern California, Northern California, Washington, Texas, Georgia, Florida, & more.  VanDyk Mortgage is a VA Direct Lender (since 1987) offering VA Loans such as VA purchase loans, VA Streamline Refinance, VA IRRRL, VA Refinance Loans, VA Mortgages of all types.  As a Government Direct Lender, VanDyk Mortgage is also a HUD Full Eagle FHA Direct Endorsement Underwriter,  ie  FHA Direct Lender offering FHA Loans such as FHA Purchase loans, FHA Refinance, FHA Streamline Refinance, FHA 203K Streamline Rehab loans, FHA Jumbo, FHA Jumbo Purchase, FHA Jumbo Refinance, FHA Jumbo Streamline Refinance, FHA mortgages of all types.   We offer FHA & VA loans in California, Georgia, Texas, Washington, & More.  Visit us at to get started or just find out more.




We proudly offer a full array of Government Conventional, and Jumbo loan Options including FHAVAUSDAFHA JumboVA Jumbo, VA Refinance, Conventional, JumboVA Condo loans,   FHA 2-4 Unit LoansVA 2-4 Unit Loans, FHA 203K Rehab Loans,  5% down Conventional loans Conventional Condo's OK to 95%,  95% conventional purchase with ZERO Monthly PMI, and more.  

Veterans:  We are able to help Veterans with a new home purchase with a VA Loan or VA Jumbo Loan as soon as 2 years after Bankruptcy, Foreclosure, or Short Sale (even sooner if Short Sale involved no late payments).  Call Today - get back into homeownership!  


--> VA Loan Limits for 2018.  Learn More - Up to $679,650 with zero money down VA Jumbo Loan 


--> VA Loans over the County VA Loan Limit - yes, we allow this:   Read more detail on how to get a VA Loan Over your County VA Loan Limit here  VA Loans up to $1.5M!


--> Answers to Common VA Loan Questions - VA FAQ Series

We serve the entire state of California  including: Anaheim,  Antioch,  Bakersfield, Brentwood, Burbank,  Carlsbad,   Chula VistaCorona,  Coronado, Downtown San Diego, EncinitasEscondido, Fallbrook,  Fremont,  FresnoHermosa Beach, Huntington BeachIrvineLong BeachLos Angeles, Marina Del Rey,   Menifee, Monterey, MurrietaOakland, Oakley,  Oceanside,  Ontario,  Pasadena ,  Poway,   Rancho Cucamonga,  Redlands,   Riverside,   Sacramento,        San BernardinoSan DiegoSan FranciscoSan JoseSan MarcosSan MateoSanta Ana,  Santa Clarita,   Santa MonicaTemecula, Torrance, Ventura, Vista, and all other CA Cities and areas.


We now serve the entire state of Virginia including Virginia Beach, Norfolk, Chesapeake, Richmond, Newport News, Alexandria, Hampton, Roanoke, Portsmouth, Suffolk, and all other Virginia Cities, Towns and Counties. 


We also serve the entire state of  Washington including:  Auburn, Bellevue, Bellingham, Bonney Lake, Bothell, Bremerton, Des Moines, Edmonds, Everett, Federal Way, Ferndale, Issaquah, Kent, Kirkland, Lacey, Lake Stevens, Lynnwood, Mercer Island,  Mill Creek, Monroe,  Montlake Terrace, Mt Vernon, Mukilteo, Olympia, Puyallup, Redmond, Renton, Seatac, Seattle, Silver Lake, Snohomish, Spokane, Sumner, Tacoma, Tumwater, Vancouver, Wenatchee, Woodinville, Yakima and all other WA cities and towns. 


We also serve Alabama, Colorado, Georgia, Illinois, Indiana,  Massachusetts, Michigan, Mississippi,  Indiana, Tennessee, Texas, and Wyoming Homebuyers and Homeowners.  


VA Loan Limits 2018     FHA Loan Limits 2018     Conforming Loan Limits 2018

All information is subject to change without notice.

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Residentional Mortgage Lender registered by the VA Department of Business Oversight

Georgia Residential Mortgage Licensee #39449

VanDyk Mortgage is a private company specializing in FHA & VA financing,  VanDyk Mortgage Corp is not a government agency. Corp 2449 Camelot Ct SE, Grand Rapids, MI 49546

copyright 2018 VanDyk Mortgage Corp


Branch address  310 Via Vera Cruz, ste 210 & 211, San Marcos, CA  92078  760-752-4480 direct

NMLS ID:  3035 - VanDyk Mortgage Corp   NMLS ID  220268  

Brian Skaar - Loan Originator / Branch Manager   


NY Disclosure:  Website authorization has not been approved by teh New York State Department of Financial Services.   Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. 




Comment balloon 0 commentsBrian Skaar • December 02 2008 10:57PM
FHA - a few things you should know…
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