Brian's Blog


FHA Myth #5 - FHA Streamline Refinances

FHA Myth #5  -  FHA Streamline Refinances have to be with the same lender who currenly has your loan.

Wrong.  FHA makes no distinction here.   You can get your FHA Streamline Refinance with your current lender or a new lender (such as VanDyk Mortgage). 

Won't my current lender waive fees & points to keep my loan?   Sure sounds logical, doesn't it?  But fact is Banks just don't offer these incentives anymore.  (bank waiving fees to keep your business).   Since most loans (OK, virtually all loans) are actually sold in some manner or form shortly after they are made, this makes this point harder to define.  So why would the current bank waive or reduce fees to keep your loan during a FHA Streamlne Refinance?  To make more profit on your new loan, since they are not protecting the current asset.  The Bank will make their money somehow to cover the inevitable fees incurred to process & close your new loan.   In fact the days of the No Point/ No Fee loan are now gone, mostly due to banks holding more profit in each transaction.   The bank used to offer no point / no fee loans for a slightly higher rate, paying the cost of those waived fees from the additional profit.  These types of loans are virtually impossible to find in today's tight money environment.  We have cheap Money (low rates) but it is tight, as it isn't easy to get the money.

Why should I use VanDyk Mortgage to process my Streamline Refinance?   VanDyk Mortgage offers FHA experience, competitive rates (VERY competitive), and we have multiple investor partners with which to place your new FHA Loan.   We are a FHA Direct lender + we also Broker FHA Loans when necessary.  This gives us access to the best rates in the market daily (plus any guideline variations between investors).   We have been making FHA Loans since 1987, and know how to make it work.   We are up to date on the latest FHA lending guidelines, uses of FHA loans, and are able to offer solutions that other banks do not.  

VanDyk Mortgage will allow you to refinance your FHA Loan via the FHA Streamline Refinance even if your loan balance exceeds the new 2009 FHA Loan limits for your area. 

Here are a couple of articles I have written regarding FHA Streamline Refinances: 

FHA Streamline Refinance - Minimum Time elapsed since Home Purchase

FHA Streamline Refinances & FHA Jumbo Streamline Refinances above the 2009 FHA Loan Limits

The FHA Streamline Refi is available for FHA, FHA Jumbo Size loans, FHA Secure loans, and FHA 203K loans (if work is complete).   For FHA Streamline Refinance Loans and VA Streamline Refinance (IRRRL) loans call the Government loan experts at VanDyk Mortgage - 866-900-2342 or apply now at  VanDyk Mortgage is your FHA Lender & VA Lender of choice.

VanDyk Mortgage has been making FHA loans & VA Loans since 1987.  We are a HUD recognized Full Eagle FHA DE underwriter, FHA Direct Lender, & VA 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 Streamline, FHA purchase loan, VA purchase loan, or VA Streamline.   We offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Rehab 203K, VA, VA Jumbo, 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, Georgia, Texas, Florida & Washington, CA, WA, GA, FL, MO, MI, TX.

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 2019.  Learn More - Up to $726,525 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 2019     FHA Loan Limits 2019     Conforming Loan Limits 2019

All information is subject to change without notice.

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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

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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 • February 08 2009 05:39PM
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