Stacey Van Schenck : VanDyk Mortgage Corporation

06/12/2026

06/11/2026

Looking to grow your real estate portfolio in Tampa Bay? DSCR (Debt Service Coverage Ratio) loans are helping investors qualify based on a property's cash flow - not personal income. Whether you're purchasing a rental property in Hillsborough, Pinellas, or Pasco County, understanding DSCR financing can open new opportunities for scaling your investments.
Learn how DSCR loans work, qualification requirements, and why they're becoming one of the most popular financing options for Florida real estate investors.

06/11/2026

Join us for an Open House in Odessa! Explore 14722 Caravan Ave featuring 4 bedrooms, 2.5 bathrooms, 2,890 sq ft, and scenic pond views. Conveniently located near Tampa, top-rated schools, shopping, and dining.

06/10/2026

Check out this 1.47 acre riverfront home in New Port Richey with direct access to the Anclote River! Not the mention the screened lanai that features a pool, heated spa and cascading waterfall. An absolutely gorgeous home!

04/01/2026

Truth! It is never a good idea to list your own home. Protect yourself, your family and your biggest asset with a realtor.

03/31/2026

Great condo - very affordable! It will not last long on the market!

03/27/2026

🏢 CONDO RESERVES CHEAT SHEET (2026 UPDATE)
What Every Realtor Needs to Know Before Writing an Offer
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🚨 Why This Matters
Condo deals are increasingly falling apart due to reserve issues.
New Fannie Mae changes are making this even stricter.
👉 If you don’t check this upfront, you risk:
• Loan denial
• Delays
• Lost commissions
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🔑 THE BIG CHANGE
Reserve Requirement Increasing
• From 10% → 15% of HOA budget
• Applies to:
o Capital expenditures
o Deferred maintenance
👉 This is a 50% increase in required funding
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🧾 WHAT COUNTS (Important)
✅ MUST BE LONG-TERM RESERVES:
• Roof replacement
• Structural repairs
• Elevators
• Parking lots
• Major building systems
👉 Think: big future repairs
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❌ WHAT DOES NOT COUNT
• Landscaping
• Insurance
• Utilities
• Routine maintenance
• One-time transfers
• Special assessments
👉 These are operating expenses—not reserves
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📊 HOW TO CHECK IN 30 SECONDS
1. Find HOA total annual budget
2. Find line:
o “Reserve Contribution”
o “Replacement Reserves”
3. Do the math:
👉 Reserves ÷ Budget = %
✔️ 15% or higher → GOOD
❌ Below 15% → RISK
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⚠️ NEW RULE (BIG DEAL)
Reserve studies must now:
• Use highest recommended funding level
• No more “minimum funding” shortcuts
👉 Less flexibility = more denials
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🚩 RED FLAGS (DEAL KILLERS)
• Reserves below 15%
• No reserve study
• Deferred maintenance
• Low HOA dues (artificially low)
• Recent or pending special assessments
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🏢 WHAT THIS MEANS FOR YOUR DEALS
• More condos becoming non-warrantable
• Smaller buyer pool
• More deals needing alternative financing
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✅ BEST PRACTICE
Before writing an offer:
• Ask for HOA budget
• Check reserve %
• Ask about reserve study
• Loop in lender early
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🎯 PRO TIP
“It’s not just whether a condo has reserves…
it’s whether they are properly funded for long-term capital needs.”
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🤝 NEED HELP REVIEWING A CONDO?
Let’s review it upfront and avoid surprises before you go under contract.

03/27/2026

🚨 VA Loan Save-the-Day! 🇺🇸

On 2/26, a listing agent called me—the buyer of her listing had just been denied by a VA lender, and the deal was about to fall apart. The seller had already moved out and needed this closing to move forward.

I took a look, spoke with the borrower, and quickly realized it was a non-issue.

✔️ Application submitted
✔️ Approved and clear to close in 16 days
✔️ Closed in 22 days

🎉 Deal saved for both buyer and seller!

Not every denial is final—sometimes you just need the right team. Reach out if you ever need a second opinion!