Mortgages in Columbia, Missouri

Well we have seen and heard plenty of bad news lately concerning the current state of the housing market both from selling property and being able to obtain financing to purchase a property. Hopefully this blog will shed some light on the good things that have been taking place over the past couple of months.

First, both banks and brokers are still doing loans. Just like anything else the good lenders will still be in business after this mortgage valley is over. That's good news for both homeowners and borrowers. In the past borrowers have been taken advantage of by unethical and "shady" brokers. This slowdown in the housing market should weed out those "bad seeds" and let the good brokers who take pride in their clients financing do what they do best, which is letting the clients needs come first. Professional Mortgage Group is such a broker! We will be here for you when this mortgage slowdown turns. We have and will continue to put your needs first from our Buyer's guides, Service Guarantee's, On-line loan status, and superior communication. To our explanation of the Good Faith Estimate, Loan Documents, Payment, Rate and "Unknowns" Professional Mortgage Group will set the expectations so your mortgage process goes smoothly.

Second, mortgage loans are still available. Yes, some programs have disappeared and yes others have been modified but a good portion of programs are still out there. This blog will hopefully shed light on the current "highly used" programs that are still available.

- 100% Financing (Yes this program is still readily available for both borrowers with excellent and fair credit)

- Stated Income and Asset to 95% LTV (Yes, if you have at least a 680 score and are putting 5% down you can get a conforming loan without having to verify income or assets.)

- USDA (Yes, the Rural Development program is still alive and well.)

- MHDC (Yes, the Missouri Housing program for first time home buyers is still readily available.)

- N/O/O (Yes, purchasing investment properties is still fairly easy to get done.)

- Student Housing Program to 100% LTV (Yes, this program is still out there for "enrolled" students.)

- Sub-Prime Loans (Yes, these loans are still available for individuals with less than perfect credit.)

- Jumbo Loans (Yes, these loans are still readily available and fair market rates.)

Hopefully this will shed some light on the current state of the mortgage market. With all of the media giving bad news concerning this area of the economy there is and will continue to be areas that are good. Professional Mortgage Group, Inc. is here to answer your questions and give you honest and ethical mortgage advice!

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Professional Mortgage Group, Inc.
Your Columbia, Missouri Mortgage Broker