Your Mortgage Tax Deductions - Missouri
Mortgage Basics

Your Mortgage Tax Deductions

Is My Mortgage a Tax Deduction? Yes, owning a home also comes with many qualified mortgage tax deductions, also called tax write-offs. To claim your mortgage interest tax deductions, you must itemize your taxes instead of taking the standard deduction. Your Mortgage Tax Deductions There are several components to a mortgage that allow for mortgage…

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Mortgage Rates Forecast
Mortgage Basics

2020 Mortgage Rates Forecast

This past year has been a tremendous one for homebuyers and refinancers, with near-record setting lows for mortgage rates across the country. As we head towards another new year, the question on everyone’s mind has become: will we see the trend of low rates continue into 2020, or are we in for an increase? Current…

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First-Time Home Buyers
Home Loans

First-Time Home Buyers: Do’s and Don’ts

Buying a home for the first time can be overwhelming. As a first-time home buyer, there are so many decisions to make along the way, from your buyer’s agent, to your loan officer, to your loan program. But-buying a home doesn’t have to be stressful! Making sure you are prepared will put you miles ahead…

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New Mortgage Loan Limits for 2020
Mortgage News

Conforming Mortgage Loan Limits

As we head into 2020, conforming mortgage loan limits have increased. What does that mean for borrowers looking ahead? Conforming Loan Limits in 2020 Conforming mortgage loans also knowns as Conventional loans are loans that are backed by Fannie Mae and Freddie Mac, and these make up the majority of mortgage loans in the United…

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Mortgage Basics

FHA Loans: Private Mortgage Insurance

If you are thinking about buying a home, an FHA home loan might be the right program for you. Private Mortgage Insurance is a component of FHA home loans that you will want to know about if you decide to go with the FHA loan program. Below, we answer some common questions that you might…

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Home Loans

What every first-time home buyer should know?

When you are buying your first home, there are many areas of lending and the home buying process that you will want to be informed about. Educating yourself is the first step to knowing that you are getting the best deal.   1. Down Payment Assistance Programs – MHDC, Chenoa, City Grants, etc.  a. These…

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Money do You Need to Buy a Home - USA Mortgage
Buy a Home

How Much Money Do You Need to Buy a Home?

Saving for a downpayment is often the most daunting part of the homebuying process. Having enough cash to put 20% down may seem out of reach, but don’t let that high number discourage you from becoming a homeowner. Despite what many people say, you don’t have to put 20% down to get the keys to…

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FHA Home Loan Requirements - USA Mortgage
Home Loans

FHA Home Loan Requirements

Many people believe that homeownership is completely out of reach. But the truth is that even with a low credit score or the inability to save for a hefty down payment, you can still buy a house you love. If you would like to purchase a home but are struggling with credit or savings, an…

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USDA Loan changes and options - USA Mortgage
Home Loans

USDA Loan Changes and Options

Many people are unaware of the U.S. Department of Agriculture mortgage program. USDA home loans don’t require down payments and are available for eligible rural and suburban homebuyers. Read on to see if this program would be a good fit for you and your household. What are the USDA income limits? USDA loans are made…

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Home Loans

What makes FHA Loans different from other loans?

The Federal Housing Administration (also known as FHA) requires only a minimum credit score of 500, while also allowing borrowers a down payment as low as 3.5%. FHA loans will also allow a zero-credit score by supplementing with non-traditional credit. With the options offered by FHA, this is a common loan program often utilized by…

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ARM vs Fixed Rate Loans - USA Mortgage
Home Loans

ARM vs Fixed Rate Loans

Applying for a mortgage can feel overwhelming at first, especially if you aren’t familiar with industry jargon. Two terms that are often thrown around are adjustable-rate mortgages, or ARMs, and fixed-rate mortgages. Understanding the differences between these two types of mortgages will make you feel more comfortable and confident with the application process. They may…

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Columbia Police Invest in the Community - USA Mortgage
Community

The Columbia Police Invests in Our Community

The nature of law enforcement has changed over the past decade across the country. In the past, many police agencies had the “if it isn’t broke don’t fix it” mentality when it came to reducing crime and working with the community and were either unwilling or unable to change how they interacted with members of…

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Understanding The Mortgage Process - USA Mortgage
Mortgage Basics

Understanding The Mortgage Process

When people think about buying a home, they likely envision attending open houses and picking out new paint colors, not securing a mortgage. While getting a mortgage isn’t as glamorous as other aspects of buying a home, it is arguably the most important step in the process. Without a mortgage, most people wouldn’t have a…

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Living in Columbia Misosuri - USA Mortgage
Community

Why You’ll Love Living in Columbia

Columbia, Missouri has a way of winning people over. With three colleges, a lively downtown and plenty of beautiful outdoor areas, there’s always something new and exciting happening in Columbia. USA Mortgage is a premium relocation lender in Columbia, and we love introducing new residents to the area. If you’re planning to relocate to our…

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Advice First-Time Homebuyer Should Know - USA Mortgage
Home Loans

4 Pieces of Advice Every First-Time Homebuyer Should Know

Are you thinking about purchasing your first home? If so, congratulations! Homeownership is a wonderful experience, and the road to buying your first house is an exciting one. It’s likely different from any purchase you’ve made in the past, so it’s important to be prepared for the unique process. Below are my top four pieces…

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Home Loans

Certified Preapproved Homebuyer Program

As the housing market starts improving the supply and demand will shift towards seller’s market. This means multiple offers on a same property and the chances of your offer getting accepted may not be as great as it used to be in the buyer’s market. Here at USA Mortgage we strive to not only provide…

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