231.775.3889

Loan Programs
USDA/RD
A USDA/RD Mortgage provides low-cost, low rate, insured home mortgages for people who want to become home owners with no money down.  USDA/RD loans are a true zero down loan and require no cash reserves.

FHA
This is the standard HUD insured loan used for the purchase or refinance of an owner occupied property.  A 3.5% down payment is required for purchase, and the funds can come from the borrower or as a gift from a relative.  This type of loan will also allow for a co-signer, such as a parent or other relative. 

FHA 203k
The FHA 203k program is designed for a homeowner to purchase or refinance a home and have available funds for renovation to the property. The work must be done by approved contractors in a fixed amount of time.

VA
Loans insured by the Veteran’s Administration are available for qualified Veterans only.  These loans allow for 100% financing on the purchase of a primary residence without the need for PMI.  There will be loan limits based on the county where the property is located.  For qualifying, the veteran will need a copy of the DD-214 and Certificate of Eligibility.

CONVENTIONAL
Available in 30, 20, 15, and 10 year terms with as little as 5% down.  These loans can be used for the purchase or refinance of a personal residence, second home, or investment property. 

HOMEREADY
This program is for first time home buyers OR repeat home buyers with moderate income, and only requires a 3% down payment.  You can click here to see the income limits.

JUMBO ADVANTAGE
Takes a "head on" approach to lowering financing costs for consumers. The Jumbo Advantage program provides fixed and adjustable mortgage rates that are roughly equivalent to those of conforming conventional loans rates, significantly reducing interest costs for Jumbo loans that qualify for the program.



VanDyk Mortgage
209 N Mitchell St, Suite C
Cadillac MI 49601
Phone 231.775.3889
Fax 231.377.3200

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