Home Loans

FHA Loan, is it the right loan for you?

FHA Home Loan could be the right loan program for you. FHA is a government loan which has been around for several years. FHA requires just 3.5% down-payment. Which means it will finance 96.5% for your home loan. FHA will have a 1.75% up-front MI (Mortgage Insurance) which can also be financed to your loan.…

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Home Loans

MHDC Loan First Time Home Buyer

MHDC which is also known as, Missouri Housing Development Commission, is a first-time home buyer program, which is offered by the states. MHDC is a form of the FHA loan which does allow down-payment assistance. When considering a new home you should go by these guidelines: MHDC will allow borrowers to use 3% down-payment assistance…

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Home Loans

Renovation Loan

Are you considering doing a renovation? You should consider using the Renovation loan. This loan is a form of FHA financing, allowing for refinance or purchase, this loan has all that FHA has to offer, plus allowing home buyers and owners to use the future value of the home and get money for the renovation.…

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Community

Mr./Mrs. Broker, Tear down your walls!!

We all remember the days that a real estate broker was an insurance agent, financial advisor, Mortgage broker and a CPA all at the same time. Today, things are a little bit different. Consumer protection laws, conflict of interests, and so many other regulation in place that makes it hard to operate as an stop…

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Home Loans

VA home loan in Missouri—Chapter 1

I should say one of my favorite home financing options is VA home loan, with the $0 down payment option and no MI (Mortgage Insurance) they are superior to any other loan out there. VA Loans do offer very competitive interest rates as well, and USA Mortgage in Columbia, Missouri has a lot of different…

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Home Loans

VA home Loan in Missouri – Chapter 2

We talked about VA home loan being one of the most popular loans for our veterans. These loans have plenty going for them, and the benefits are phenomenal. No down-payment for these loans is very desirable and not having MI (Mortgage Insurance) makes them even better. VA loans tend to have great interest rates (usually…

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Home Loans

Who Can Benefit From A FHA Loan?

1. First-time home buyers. The typical first-time FHA home loan applicant is young and in the early phases of their careers, and they may still have student loans and other debt. An FHA home mortgage often costs less and is more lenient to indiscretions with credit and payments. FHA home loans don’t require a big…

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