How VanDyk Mortgage is Opening Up the Condo Market

What we as a company have decided to do is absorb some of this risk to get these units moving. The condo market is a huge one for those who snowbird and/or seek a low maintenance lifestyle. We believe it needs a little support. So we are accomplishing this by reducing the down payment requirements pretty much across the board.

The Tick Tock of the FHA Clock

So today, FHA announced the Official Schedule that itemizes those staggered expirations. Basically, the new expiration date will be pushed back anywhere from 3 weeks to 9 months based on the date when the project was initially approved. The following are the extended expiration dates: