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No
Cost Pre-Approval |
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Call for rates and no cost pre-approval |
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We
have been providing our superior services to our
customers since 1993. |
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(816) 361-9988 Or
(800) 930-4243 |
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Term |
Rate |
APRS |
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30 Year Fixed |
6.250 |
6.302 |
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15 Year Fixed |
5.750 |
5.863 |
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On 07/09/2008
based on $250K,
For
rate page
click here
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Home
for Sale Listing
click here |
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Best
time to convert your Adjustable rate to
Fixed rate is now.
816
361-9988 |
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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, 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. |
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Loan Programs |
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First
Mortgage
for Primary Home |
First Mortgage for
purchase or refinance |
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First mortgage up to 95% |
First mortgage up to 80% |
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First mortgage up to 90% |
First mortgage interest only |
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First mortgage up to 85% |
Mortgage for second home
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Call for details |
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Second Mortgage
for Primary Home |
Second Mortgage
or Home Equity Line of Credit |
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Second mortgage up to 90% of the
appraisal value |
Second mortgage up to 75% |
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Second mortgage up to 85% of
the appraisal value |
Home equity line of credit
up to 90% |
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Second mortgage up to 80% of
the appraisal value
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Home equity
line of credit
up to 80% |
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Call for details |
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Loan on Rental
Homes |
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Loan on Rental Homes |
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Up to 85% for 1 to 2 units
for purchase or refinance |
Up to 75% for 3 to 4
units |
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Up to 80% for 1 to 2
units
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Call for details
Back to List |
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Commercial Loan
with low rate |
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Commercial Loan |
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AGF Mortgage, Inc.
offers low commercial loan rates for small and mid-size
businesses in 37 states. |
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Doc Type |
Full
Income and Stated Income |
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Loan Size |
From $100,000 to $10,000,000 |
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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. |
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Loan Type |
Purchase,
Refinance, SBA, Hard Money, and Construction |
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Fixed Period |
2, 3, 5, 7,
10, 15 and 30 years fixed rate |
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Loan Term |
15, 20, 30, and 40 years |
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LTV |
Up to 85% .
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 85% . |
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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 |
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For more commercial loan programs,
rates, and details,
click
here
Back to List |
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Interest Rate Explanations |
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Interest Rate
Explanations |
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The
rates showing at the top of this page are conforming rates
for Kansas and Missouri home owners and are based on a
loan size of $250,000. These rates are approximates due
to the fact that rates change by the hour. Since rates
for stated income loans, loans on rental properties,
second mortgages, and home equity lines of credit vary
based on the loan size, document type (full doc or stated
income ), property type (the
number of units), and credit score, it is very difficult
to post more accurate rates for each of our loan
programs. To get a more accurate interest rate for the
loan program that you have in mind, please complete the
contact request
form with
your approximate loan size, document type, property
type, and your credit score (if known). A loan officer
will be happy to provide you with a more accurate
interest rate quote. You can also call us any time from
8 A.M. to 8 P.M. seven days a week.
Interest rates and percentage of the loan will be based
on the borrower's credit score. Credit score
could be as low as 540 for non-conforming loans with
income verification and high down payment. For stated
income or no income verification loans with lower loan
to value, credit score could be as low as 580. Interest
rates and the percentage of loan to value change for
560, 580, 600, 620, 640, 660, 680, 700, 720, 740, 760,
780 and 800 credit scores. The minimum credit score for
100% loan is 620. Please call for further
information.
Back
to List
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No Cost Pre-Approval |
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No Cost Pre-Approval |
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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.
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A Few
Helpful Tips |
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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.
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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.
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Tip #3
Don't get Option Arm
Loans. Those could be disastrous and could
ruin your credit if you are not careful.
Back to List |
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Why AGF Mortgage should be your
choice?
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Why AGF Mortgage should be your
choice?
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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. |
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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.
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We challenge the major
lenders in this area such as Chase,
Bank of America and others with our
low costs and excellent service. |
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Back
to List |
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Reasons to Refinance the Current Mortgage |
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Primary Reasons to
Refinance the Current
Mortgage
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Other
Reasons to
Refinance |
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Your current
loan
consists of
first
and second
mortgages |
Pay off high rate and high monthly payment credit
cards |
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and you want
to combine
those into
one loan
with a low
rate |
Pay for down payment of rental or investment homes |
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Your loan
has a high
interest
rate |
Pay for down payment of a 2nd or a lake home |
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Your current
rate is
variable |
Pay for remodeling of your home |
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Pay off personal or car loans |
Pay for children's student college tuition |
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Pay off student loans |
Back
to List |
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Loan on Investment Property |
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Loan on Investment Property |
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Are you searching for a loan to
purchase or refinance a multi family
property from 1 to 4 units (1 unit,
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 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
Back
to List |
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Interest Only Loan
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Interest Only Loan |
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It is a 30 year
fixed rate loan. For
your first 5 or 10
years depending on
the loan program,
you pay interest
only rather than
principal and
interest. After that
period, it will be
converted to a
regular payment with
principal and
interest. Since the
entire remaining
balance is going to
be paid off in 25 or
20 years, your
payment will be
higher than the
original payment
despite the fact
that your interest
rate is the same.
Back to List |
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Can Seller Pay Buyer's
Closing Costs? |
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Can Seller Pay Buyer's
Closing Costs |
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Yes, the amount of 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, it can not
exceed the actual closing
costs and prepaid items.
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Property Tax |
2 to 3 months |
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Hazard Insurance |
14 months |
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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
Back to List |
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Refinance to pay for College
Tuition |
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Refinance to pay for College
Tuition |
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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.
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By cash out refinancing of
the first mortgage |
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By getting a second mortgage |
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By getting home equity
line of credit |
For more details,
please call (816) 361-9988
or 800-930-4243
Back to List |
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Loan program to purchase
a foreclosed
homes |
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Loan
program to purchase foreclosed
home |
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Recently, there are
more foreclosed homes
than ever before. Some of
these foreclosed
homes are in a very
good conditions and
could be used either
for primary
or rental homes. Please see
our
foreclosure
page. You will find
the following
information about
foreclosed homes.
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Down payment to
purchase foreclosed homes
for primary home |
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Down payment to
purchase foreclosed homes
for rental homes |
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Pre-approval to purchase
foreclosed homes |
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How much could seller ( in
this case bank or financial
institution)
pay toward closing costs? |
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Some tips to consider while
choosing foreclosed
homes |
To see more, please
click
Foreclosure
For
more details, please call
(816) 361-9988 or
800-930-4243
Back to List |
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AGF Mortgage,
Inc. is licensed in KS and
MO. Missouri Residential
Mortgage License Registrant
NO. 08-063 and
Kansas Residential Mortgage
License Registrant NO.
96-0135 |
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