Government Loans!

As many of you already know the mortgage world has shifted greatly toward Government programs. Quite awhile ago Flat Branch Mortgage made a concerted effort to specialize in these very programs. These great products are FHA, VA, and USDA. All are top notch and carry great rates. I will briefly highlight a few items on each program.

FHA

• Low Rates - This program does not carry with it the hefty rate hits that conventional programs do. (5.5% as of today)
• 3.5% Down payment (Gifts allowed)
• Non-Occupant Co-Borrowers Allowed
• Upfront MIP fee is financed into the loan and a reduced monthly MI fee is charged.
• No Pre-Payment Penalty
• Fixed Rate

USDA

• Property Must be USDA Eligible (Click Here to Run an Address)
• Household Income Must be Eligible (Click Here to Run Income)
• NO Down Payment (102% Program)
• Cosmetic Repairs Can Be Built Into The Sales Price (As Long as Home Appraises)
• Low Rates - This program does not carry with it the hefty rate hits that conventional programs do. (5.25% as of today)
• 2% Upfront USDA Funding Fee Is Rolled Into the Loan, but NO monthly MI is charged!
• No Pre-Payment Penalty
• Fixed Rate

VA

• You Must Be An Eligible Veteran
• Low Rates - This program does not carry with it the hefty rate hits that conventional programs do. (5.50% as of today).
• Upfront MIP Fee is charged, but NO monthly MI is charged.
• No Pre-Payment Penalty
• Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
• Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.

Learn More About VA Loans Here: http://www.yourvahomeloan.com/Home

Flat Branch Mortgage can lend using these products as well as all standard conventional programs. Our Main office is located in Columbia, MO, but we have 2 VA Branches as well as a Branch in Moberly, MO.

Please visit www.flatbranchmortgage.com for more information or to Apply for a loan. You many also call our office (573-442-3850) to speak to one of our Mortgage Professionals!

Brought to you by:

Flat Branch Mortgage, Inc.