Stacey Van Schenck : VanDyk Mortgage Corporation

Stacey Van Schenck : VanDyk Mortgage Corporation NMLS #3035 | Equal Housing Lender
nmlsconsumeraccess.org

https://linktr.ee/mortgagechickswithhottips

As a national Mortgage Banker, we have been committed to providing residential 1 to 4 family home loans to consumers for over 30 years. We currently have over 500 employees with 93 branch office locations in 38 states across the U.S. During our tenure, we have closed over 100,000+ home loans, maintained a 99% customer satisfaction ratio* and an A+ rating from the Better Business Bureau. We are an

approved FannieMae, FreddieMac, GinnieMae seller/servicer as well as an FHA/VA DE lender. These affiliations give us direct access to the capital markets that are passed on through great pricing to our borrowers. All our loans are originated on a direct retail basis and service many “in house” on our own portfolio.

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.

Join us for an Open House in Odessa! Explore 14722 Caravan Ave featuring 4 bedrooms, 2.5 bathrooms, 2,890 sq ft, and sce...
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.

Check out this 1.47 acre riverfront home in New Port Richey with direct access to the Anclote River! Not the mention the...
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!

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

Great condo - very affordable!  It will not last long on the market!
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
________________________________________
🚨 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
________________________________________
🔑 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
________________________________________
🧾 WHAT COUNTS (Important)
✅ MUST BE LONG-TERM RESERVES:
• Roof replacement
• Structural repairs
• Elevators
• Parking lots
• Major building systems
👉 Think: big future repairs
________________________________________
❌ WHAT DOES NOT COUNT
• Landscaping
• Insurance
• Utilities
• Routine maintenance
• One-time transfers
• Special assessments
👉 These are operating expenses—not reserves
________________________________________
📊 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
________________________________________
⚠️ NEW RULE (BIG DEAL)
Reserve studies must now:
• Use highest recommended funding level
• No more “minimum funding” shortcuts
👉 Less flexibility = more denials
________________________________________
🚩 RED FLAGS (DEAL KILLERS)
• Reserves below 15%
• No reserve study
• Deferred maintenance
• Low HOA dues (artificially low)
• Recent or pending special assessments
________________________________________
🏢 WHAT THIS MEANS FOR YOUR DEALS
• More condos becoming non-warrantable
• Smaller buyer pool
• More deals needing alternative financing
________________________________________
✅ BEST PRACTICE
Before writing an offer:
• Ask for HOA budget
• Check reserve %
• Ask about reserve study
• Loop in lender early
________________________________________
🎯 PRO TIP
“It’s not just whether a condo has reserves…
it’s whether they are properly funded for long-term capital needs.”
________________________________________
🤝 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!

Address

14141 46th Street North Suite 1213
Clearwater, FL
33762

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+17274399288

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