Home Loans

VA Mortgage Loans

VA Loans are mortgage loans geared specifically for active duty members and Veterans of our nation’s armed forces.  In order to be eligible, you must have served a designated amount of time in the Military or in some cases surviving spouses of Veterans are eligible as well. It is important to understand the difference between…

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Mortgage News

Mortgage Rates are Heating Up

Interest Rates are Heating Up! With the improving economy and expectations the Fed will soon change its monetary policy, mortgage rates are on the rise. Is there an upside to higher rates? Sure. The same economic changes that bring higher mortgage interest rates bring higher home values, too!   Before, you enjoyed a low mortgage rate…

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Home Loans

What is an FHA home loan?

If you are a first-time homebuyer with limited amounts of funds to put towards your purchase, or if you have had credit problems in the past, you may find that an FHA loan gives you the freedom and flexibility you need to get into a house and start making it a home for your family. If…

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Mortgage Basics

Mortgage Rates and Affordability

Rising Mortgage Rates and Affordability: How Much Can You Finance with $960/Month? As rates rise, affordability dwindles. If you want more home for the same monthly payment, acting before mortgage rates rise further may be a direct path to success. Each example here shows the principal and interest payment for a 30-year, fixed-rate loan. 1-…

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Home Loans

Options for first time home buyers

There are many different loan options for first time home buyers and USA Mortgage continues to find the right programs and opportunities for their clients. Below are some of the many options available: 1. MHDC Gift Money: MHDC (Missouri Housing Development Commission) offers up to 4.5% gift money towards down-payment and closing cost for qualified…

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Home Loans

USDA Loan Benefits & Requirements

Consider The Benefits USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits and things you need to know: Zero Down – No down payment is required…

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Mortgage Basics

Must Know About Mortgage Rates

One Thing You Must Know About Mortgage Rates The lowest mortgage rate is the best, right? The lowest rate certainly sounds best. But did you know the lowest rate doesn’t always mean the lowest cost? Mortgage interest is just one component of the real cost of owning a home. Interest rates are a reflection of…

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Buy a Home

Saving for a home?

When prices are rising, why not let the market help you? It’s great to save up for a large down payment of 20% or more. Yet, when prices are on the rise, saving quickly enough to keep pace can be extremely difficult. In times such as these, why not let the market build equity for…

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Home Loans

FHA loan Benefits

Still Working When Others Might Not The FHA Loan program continues to evolve, and total mortgage insurance costs have risen. While the increase makes these loans less advantageous than in the past, they are still a good option if your needs and situation preclude you from qualifying for a conventional loan.   Here are a…

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