Conforming Mortgage Rates for Primary Home
in Kansas and Missouri
Term Fixed
Rates
Origination
APRS*
30/25 Yrs
3.875
0.000
3.973
20
Yrs
3.750
0.000
3.873
15/10 Yrs
3.125
0.000
3.246
3/1, 5/1, 7/1
ARM
Please Call
FHA Rates
30 Yrs
3.75
FHA Fee
4.923
15 Yrs
3.00
FHA Fee
3.453
The above rates are for
05/04/2012
based
on loan amount of
$250K
and credit score of 720 for Kansas and
Missouri residence. Rates for other loan
programs,
please call:
816 361-9988 or 800-930-4243
Also ask Rate with no closing costs Loans
*APR numbers are based on the assumption that loans will be
closed at the end of the month.
This plan was created by Fannie Mae and Freddie Mac as a part of
the stimulus package to help millions of homeowners to refinance
their loans with low interest rates even if the appraisal value
of their properties have dropped around 20%. For details
Click here.
Thank you for visiting our
web site. Whether you are
searching for a loan to buy
your dream home, a lake
house, a rental home or to
refinance your existing 1st
or 2nd mortgages in Kansas
city, or any city in Kansas
or Missouri wit low rates,
you are in the right place.
Below is a sample of a few
of the loan programs we
offer home owners and
investors in Kansas and
Missouri.
Closing
Costs of Conforming Loans on 1 unit
Primary in Kansas and Missouri
These are the estimated closing costs
based on zero point and zero origination
with the loan amount of at least
$80,000. If the borrower chooses to pay
origination fee, then the origination
points should be added to the loan
amount. Each point is equal to one
percent of the loan amount. So, one
point origination on a $100,000 loan
will be $1,000. Please call for more
detail.
Kansas
Missouri
Appraisal fee for the single family
unit. (For the 2 to 4 units and the
value over 500K Please call)
$370
$405
Administration fee, tax service fee
and flood Certificates fee
$759
$759
Processing fee If loan amount is
$80,000 and over. Fee will be higher
for smaller loans. Please Call
Under this plan, eligible
homeowners can
refinance their mortgages
to a new, potentially lower
interest rates, with
additional flexibility to
assist many homeowners who
have previously had
difficulty refinancing due
to declining property
values. Borrowers will need
to be current on their
mortgage payments to qualify
for this refinance.
The
new
loan
can
not
exceed
105%
of
new
appraisal
value.
Example:
Two
years
ago,
you
bought
a
house
for
$100,000
and
you
got
a
loan
for $80,000 with
6.00%
or
higher
interest
rate.
You
loan
did
not
have
mortgage
insurance.
Now,
due
to
the
declining
home
values
your
home
appraises
only
$80,000.
With
this
plan
your
loan
will
not
decline
due
to
the
property
value.
Your Current
Loan
Your
current
loan
should
be
Fannie
Mae's
loan
but
could
be
serviced
with
any
bank
or
mortgage
company
such
as:
Bank
of
America,
Citi,
Chase,
Countrywide,
Fifth
Third
Bank,
Well's
Fargo,
Washington
Mutual,
Capital
Federal
Saving,
JB
Nutter,
or
others.
New loan Amount
Your new loan
amount will
include:
Balance
of
existing
loan
Closing
costs
Prepaid
Items
But, can not exceed 105% of the new appraisal value.
The
borrowers
who are
homeowners
and are
current
on their
mortgage
payments,
but
unable
to
refinance
because
of their
homes
value
have
decreased.
With
this
Fannie
Mae'
home
affordable
loan
plan,
they may
be able
to
refinance
and
convert:
AGF Mortgage, Inc.
offers low commercial loan rates for small and
mid-size businesses in 37 states.
Doc Type
Full Income
and Stated Income
Loan Size
From $100,000 to $10,000,000
Property
Type
Apartment, Multi-Family (5 plus units), Mixed Use
Office, Retail Building, Warehouse, Self Storage, Mobile
Home Park, Bed and Breakfast, Assisted Living
Facility, Light Industrial, Automotive Service, Gas
Station, Church, RV Park, Health Care, Restaurant, Land,
etc.
Loan Type
Purchase,
Refinance, SBA 504 Loan, SBA 7(a) Loan, Hard Money, and Construction
Loan
Fixed Period
2, 3, 5, 7,
10, 15, 20 and 30 years fixed rate
Loan Term
15, 20, 25, and 30 years
LTV on Commercial loan
Up to 80% .
Loan to value has a direct effect on commercial loan
rates. Borrowers borrowing up to 50, 55, 60, 65, 70, 75%
of the property value, will receive considerably lower
commercial loan rate than borrowing 80% .
LTV on SBA Loan
SBA
504 Loan and SBA 7(a) Loan up to 85% or 90%. In SBA
loan, Owner needs to occupies at least 51% of the
building.
States We Offer Commercial Loan
Alabama,
Alaska, Colorado, Connecticut, Delaware, Georgia,
Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,
Louisiana, Maine, Maryland, Massachusetts, Michigan,
Missouri, Montana, New Hampshire, Nebraska, New
Mexico, North Carolina, Ohio, Oklahoma, Oregon,
Pennsylvania, South Carolina, Texas, Tennessee, Utah,
Virginia, West Virginia, Vermont, Washington, Wyoming,
Lake Ozark, Branson, Springfield
The Mortgage
interest rates for
Kansas and Missouri
homeowners are based
on the loan size
and the credit scores.
Due to the fact that
rates change by the
hour, for more
accurate rate, please
complete the
contact request
form with
your approximate
loan size, property type,
and your credit
score. A
loan officer will be
happy to provide you
with a more accurate
Mortgage rate
quote. You could also
call us any time
from 8 am to 7
pm seven days a
week.
Mortgage interest rates will be based
on the borrower's credit score. The higher the credit
score the lower the Mortgage rate would be. Mortgage
rates and the percentage of loan to value change for 620, 640, 660,
680,
700, 720, 740, 760 and 800 credit scores.
These days, getting a pre-approval
is the norm. Some home owners and
real estate agents are hesitant to
show you homes if you have not been
pre-approved. If you are in the
market to purchase an owner-occupied
residence, a second home, or a
rental property, you need to apply
for a pre-approval.
A Few
Helpful Tips
Tip #1
Don't buy what you have been
qualified for. Buy what you can really
afford. After you close the loan, you are
the only one responsible for the payments,
not the loan officer of lenders.
Tip #2
If you are short on cash for
closing, ask the sellers if they are willing
to pay all or part of your closing costs.
lenders allow for the seller's contribution
toward closing costs and prepaid items
Tip #3
Don't get Option Arm
Loans. Those could be disastrous and could
ruin your credit if you are not careful.
AGF Mortgage, Inc. was
founded in 1993 with a commitment to
Kansas and Missouri residents to
provide the best possible real
estate loans for owner occupied, non
owner occupied (rental home), and
second homes with low rates and low
closing costs.
When it comes to our
rates, whether you are an employee
or self employed, you will find the
most suitable home loan program
among hundreds that we offer through
over fifty investors. Our experience
makes the loan processing smoother
and faster.
We challenge the major
lenders in this area such as Chase,
Bank of America and others with our
low costs and excellent service.
Are you searching for a loan to
purchase or refinance a multi family
property from 1 to 4 units (1unit,
duplex, triplex or 4-plex) of rental
home with low rates and low closing
costs? Would you like an
expert loan officer to answer any
question you may have? If so, you
are in the right place. We at
Kansas City, have been
providing loan on investment
properties for our clients for the
past 15 years with down payments as
little as 10% .
For rental properties
over 4 units, visit
AGF Commercial Loan
site.
The states that we offer our
commercial loan are: AL, AK, CO, CT,
DE, GA, ID, IN, IL, IA, KS, KY, LA,
ME, MD, MA, MI, MO, MT, NH,
NC, NE, NM, OH, OK,
OR, PA, SC, TN, TX, UT, VT, VA, WA,
WV, WY
Yes, the amount of that
lenders allow for the seller's
contribution toward closing
costs and prepaid items
depends on the loan program
and the percentage of the
down payment. If the down
payment is between 0 and 5%,
then some programs limit the
seller's contribution to 3%,
but if the down payment is
10% or more, the seller 's
contribution could be up to
6%. However, lenders won't
allow the seller's
contribution to
exceed the actual closing
costs and prepaid items.
Property Tax
2 to 3 months
Hazard Insurance
14 months
Pre-paid Interest
1 to 25 days
When
we pre-approve the loan, we
will give our borrowers the
estimated pre-paid items
along with the closing costs
within $100 of the actual
costs. For more
details, please call
800-930-4243
These days, finding good
paying jobs without college
education is getting harder
and harder and at the same
time getting student loans
by the students are becoming
very difficult. Even when
the student loan is
available, interest rates
charged by the financial
intuitions are very high!
Recently, more student's
parents and grandparents are
stepping in to help their
children by using the
existing equity of their
homes to pay for their
children's or
grandchildren's tuition! In
these cases, since repayment
periods are longer, monthly
payments will be lower than
regular student loan and in
most cases the interest will
be tax deductible for the
borrowers.
There are three ways that
borrowers can borrow from
their equities to pay for
college tuitions.
By cash out refinancing of
the first mortgage
By getting a second mortgage
By getting home equity line
of credit
For more details,
please call (816) 361-9988
or 800-930-4243
This
special
financing
is
available
on
Fannie
Mae
homes
with the
following
logo:
This a
program
designed
to
provide
a
financing
option
to
facilitate
REO sale
and
support
market
stabilization.
Eligible
properties
located
at
www.homepath.com
Term: 30 years Fixed rate
No mortgage insurance
No Appraisal is needed. Value based on contract price so no appraisal fee
Minimum Down Payment for Primary home
1 -
5% with credit score of 660 or more, no mortgage insurance require
2 -
20% with credit score of 620 to 660
Down Payment for Second home: 90% with credit score of 660 or higher
Down Payment for Investment property: 85% with credit score of 660 or higher wit no mortgage insurance
To see more, please
clickForeclosure
For more details, please
call
(816) 361-9988 or
800-930-4243
Commercial Space for Rent or lease:
Commercial Office,
Retail, Warehouse and Industrial Space for Rent
or Lease in Kansas City and overland park
AGF Mortgage,
Inc. is licensed in KS and
MO. located in Kansas City, Missouri Residential
Mortgage License Registrant
NO. 08-063 and
Kansas Residential Mortgage
License Registrant NO.
MC.0002312.
