|
|
|
Who is AGF Mortgage, Inc. |
|
Snapshot of our loans Programs |
|
|
|
|
|
|
|
Since 1993, AGF Mortgage Inc has been
originating mortgage loans for primary and rental
homes in Kansas and Missouri. Since
most of our current borrowers are our existing
customers, their families or their friends,
that indicates that we have been treating our
borrowers very well. |
|
| |
Click here to see what our clients are saying! |
|
| |
|
|
| |
|
|
| |
|
|
| |
-
You Primary Home
-
Your Rental Home
|
|
|
|
For
pre-approval, If you are salary employee, please
provide us the following documents: |
|
| |
|
|
| |
|
|
|
|
If you are self-employed, please provide us the
following documents: |
|
| |
|
|
| |
-
Two years Personal tax returns
-
Two Years Business tax return if your
business corporation or LLC
-
Your Bank Statements
-
Copy of your Driver License
-
others may require depending you
employment status
|
|
| |
|
|
| |
|
|
| |
Online
Application |
|
| |
|
|
| |
|
|
|
|
|
Mortgage Interest Rates |
|
Confirming Rates for Kansas and Missouri |
|
|
Years
Fixed |
Rates |
Origination |
APRS* |
|
30/25/20
|
4.375% |
00.000 |
4.401 |
|
15/10 |
3.625% |
00.000 |
3.715 |
|
FHA Rates |
|
30
|
3.875 |
FHA Fee
|
4.985 |
|
15
|
3.625 |
FHA Fee |
4.246% |
|
|
|
|
The above rates are for
8/08/2014 based
on loan amount of
$250K
and credit score of 760 for Kansas and
Missouri residence. There are many
factors which effects
the rates such as
Loan size, Loan to Value
credit score, property
types. To get accurate
rate pleas call or
complete form showing
bellow.. |
|
| |
|
Phone
816 361-9988 |
|
|
|
|
|
|
|
|
|
|
|
Conforming Loans |
|
|
|
|
Min. loan size: $50K |
Max.
loan size $417K |
|
Min.
down payment 5% |
Terms:
30,20,10,15 Yrs |
|
|
|
|
Jumbo Loans |
|
|
|
|
Min. loan size: $417 |
Max.
loan size $2 Mills |
|
Min. down-payment 20% |
Terms: 30,15
Yrs or 5/1 |
|
|
|
|
FHA Loans |
|
|
|
|
Min. loan size:
$50K |
Max. loan
size 271K |
|
Min.down payment 3..5% |
Terms: 30,15 Yrs |
|
|
|
|
Loans on Rental Homes |
|
|
|
|
Min.
loan size: $50K |
Max.
loan size $417K |
|
Min.down Payment 20% |
Terms:
30,20,10,15 Yrs |
|
Better
rate with 25% down-payment. |
|
|
|
|
Harp Loans Programs |
|
For
primary home: |
|
Min. loan size: $50K |
Max. loan size
$417K |
|
125% of home value |
Terms: 30,25,15,10
Yrs |
|
For Rental Home |
|
Min. loan
size: $50K |
Max. loan size
$417K |
|
105% of loan to value |
Terms: 30,25,15,10 Yrs |
|
|
|
|
Reverse
Mortgage |
|
A- Saver Fixed Rate:
Interest rate is
Fixed
and borrower takes
all available funds at closing one lump sum disbursement.
|
|
B-Traditional
Adjustable:
The borrower
could gets
the most
funds and
has more
flexibility
to accessing
the
available
funds. In
this plan
there is 2%
upfront
Mortgage
insurance. |
|
C-Saver
Adjustable:
Similar
feature and
benefit of
the
traditional
Adjustable
but
typically the
available
Fund is 10%
-18% less
tan
Traditional
Adjustable
and FHA
upfront fee
is .0001% |
|
To visit our
Reverse Mortgage page click here. |
| |
|
|
|
No Closing Cost
Programs |
|
our no closing
programs allow
you to lower
your interest
rate and monthly
house payment
without having
to pay any
closing costs.
We typically are
getting some
credit from our
investor and
paying your
closing costs
but, your rate
will be a little
bet higher than
if you would
have paid the
closing costs
yourself or
would add the
closing costs to
the loan. To
qualify for the
no closing cost
loan, your loan
amount has to be
over $100,000. |
|
|
|
For any question Please call: |
|
|
|
Phone
: 816- 361-9988 |
|
|
|
|
|
|
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
First mortgage in
Kansas and
Missouri with low rates or
Reverse Mortgage in Kansas
or Missouri, 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. |
|
Loan Programs |
|
|
|
First Mortgage
for Primary Home |
|
Conforming and
FHA Mortgage loan
for purchase or refinance
in Kansas City , Liberty, Blue Springs Missouri |
|
|
First mortgage up to 95%
with fixed rates |
FHA loans up to 96.5% for purchase |
|
First mortgage up to 90%
with fixed rates |
FHA Streamline Refinancing |
|
First mortgage up to 80%
with fixed rates |
FHA cash
out refinance up to 85% |
|
Call for details |
|
|
|
|
|
|
Closing costs |
|
Closing
Costs of Conforming Loans on 1 unit
Primary in Kansas City, Liberty, Blue Springs
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. (If value over 500K Please
call) |
$405 |
$405 |
|
|
|
|
|
Administration fee, tax service fee
and flood Certificates fee |
$759 |
$759 |
|
|
|
|
|
Title
company's Settlement and
recoding fees
|
$330 |
$355 |
|
|
|
|
|
Title Insurance cost:
|
click
here |
click here |
|
|
|
|
|
Transfer Tax:
For Kansas Registration or Transfer
Tax,
add
$2.6 for each thousand dollars
Loan. |
add
here |
000 |
|
|
|
|
|
|
Second Mortgage |
|
Second Mortgage or Line of Credit Kansas
City, MO |
|
|
|
|
|
|
FHA Loans In Kansas and Missouri |
Call for details |
|
FHA
Loans in
Overland, Leawood,
Olathe, Shawnee Mission, KS |
|
|
|
|
|
|
|
|
|
Missouri consumers are welcome to apply for payday loans online if they can't pay the monthly mortgage payments.
According to Missouri lending law, Mo. Rev. Stat. §§ 408.500.1 et seq.,
MO residents may get online payday cash loans with reasonable interest rates and no additional charges.
Check the rates and fees below. If you have more questions, please call us for more details. |
|
|
|
Minimum amount |
$405 |
|
|
|
|
|
Maximum amount |
$500 |
|
|
|
|
|
Min. term
|
14 days |
|
|
|
|
|
Min. term
|
31 days |
|
|
|
|
|
Min. APR
|
Please Call
|
|
|
|
|
|
Max. APR |
Up to 700% |
|
|
|
|
|
Collection fees |
None |
|
|
|
|
|
Collateral |
None |
|
|
|
|
|
Nr. of simultaneous loans |
Not limited but no more than $500 from a lender |
|
|
|
|
|
Rollovers |
5 |
|
|
|
|
|
Credit Score |
Available for Bad Credit |
|
|
|
|
|
|
Repayment Plans for Missouri Payday Loans for 31 Days |
|
|
|
|
|
Loan Amount |
Fee per $100 |
APR |
Total Due Sum |
|
|
|
$100 |
$15 |
600.00% |
$115 |
|
|
|
$200 |
$30 |
580.00% |
$230 |
|
|
|
$300 |
$45 |
540.00% |
$345 |
|
|
|
$400 |
$60 |
521.00% |
$460 |
|
|
|
$500 |
$75 |
500.00% |
$575 |
|
|
|
|
Appraisal Value |
|
| |
|
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. |
|
|
Who
Should Apply?
|
| |
|
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: |
| |
|
|
|
|
|
|
|
With no Mortgage
Insurance |
The new loan
will not have
mortgage
insurance. but,
If your existing
loan has
mortgage
insurance it
will not qualify
for this plan. |
|
|
|
|
No Cash out |
You can not get
any cash out
from this
transaction at
closing. |
|
Property Types |
| |
|
Single Family Dwelling |
|
Duplex or 2 units |
|
Triplex or 3 units |
|
|
Four units |
|
|
Minimum Credit
Score |
| |
|
For
Fannie
Mae's DU
Refinance
plus:
640 for
Primary
home and
680 for
second
home and
investment
properties |
|
For
Freddie
Mac,
there is
no
minimum
credit
score
requirements
but, if
principal
and
interest
payment
is
increasing
|
|
by
20% then
the
minimum
credit
score
requirement
is 640. |
|
| |
|
|
|
|
|
|
|
|
Loan on Rental Homes |
|
Up to 80% for 1 unit
for purchase or refinance |
Up to 75% for 3 to 4
units |
|
Up to 75% for 1 to 2
units
|
Over 4 units see the
commercial section
|
|
Call for details
|
|
|
|
|
|
Commercial Loan
with low rate
in
Lee's Summit, Liberty, Blue Springs Missouri |
|
|
Commercial Loan |
|
AGF Mortgage, Inc.
offers low rates conventional commercial and SBA
loan 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, hotel with flag, hotel with
no flag, hotel with flag, motel with no flag,
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,
Ozark, Branson |
|
|
For
more commercial loan programs, rates, and details,
click
here
|
|
|
|
Reverse Mortgage
in Kansas and Missouri |
|
Reverse Mortgage
in Kansas and Missouri
|
|
|
|
|
|
A-
Saver Fixed Rate:
|
There
will never be any
change in interest
rate. Borrower is
required to take all
available funds at
close of the escrow,
one lump sum
disbursement. Call
for more
information.
|
|
|
|
Traditional
Adjustable:
|
Allows the
borrower to
get the most
funds. The
index in one
month LIBOR.
Borrower has
more
flexible
option to
accessing
available
funds. More
cash
available in
this plan
and there is
2% upfront
Mortgage
insurance.
Call for
more
information |
|
|
|
|
Saver
Adjustable:
|
Similar
feature and
benefit of
the
traditional
Adjustable
but
typically
the
available
Fund is 10%
-18% less
tan
Traditional
Adjustable
and FHA
upfront fee
is .0001% |
|
|
|
|
Interest Rate Explanations |
|
Kansas Mortgage
Rate and Missouri
Mortgage Rate Explanations |
|
|
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 660, 680,
700, 720, 740, 760 and 800 credit scores.
|
|
|
No Cost
Pre-Approval |
|
No Cost Pre-Approval in Kansas city,
Overland Park Kansas |
|
|
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. |
|
|
|
Why AGF Mortgage should be your
choice?
|
|
Why AGF Mortgage should be your
choice?
|
|
|
AGF Mortgage, Inc.
mortgage broker 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 many investors banks
mortgage lenders. Our
experience makes the loan processing
smoother and faster.
|
|
We challenge the major
lenders, banks and mortgage lenders in this area such as Chase,
Bank of America and others with our
low costs and excellent service.
Since unlike some Banks and other
mortgage lenders our overhead
is low so, we are able to offer
lower rates and closing costs. |
|
|
|
|
Reasons to Refinance the Current Mortgage |
|
Primary Reasons to
Refinance the Current
Mortgage
|
Other
Reasons to
Refinance |
|
|
|
|
Your current
loan
consists of
first
& second
mortgages
and you want
to combine
those into
one loan
with a low
rate |
Pay off high rate and high monthly payment of credit
cards |
|
|
Pay for down payment of rental or investment homes |
|
Your loan
has a high
interest
rate |
Pay for down payment of a 2nd or a lake home |
|
Your current
Mortgage
has variable
rate |
Pay for remodeling of your home |
|
Pay off personal or car loans |
Pay for children's college tuition |
|
Pay off student loans |
|
|
|
|
|
Loan on Investment Property |
|
Loan on Investment
Property in
Lee's Summit,
Liberty, Blue
Springs , Kansas
city Missouri |
|
|
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.
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
|
|
|
Can Seller Pay Buyer's
Closing Costs? |
|
Can Seller Pay Buyer's
Closing Costs |
|
|
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
|
|
|
Refinance to pay for College
Tuition |
|
Refinance to pay for
College Tuition
in
Lee's Summit, Liberty, Blue
Springs Missouri, Kansas
city, MO |
|
|
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
|
|
|
|
|
| |
|
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. Local Mortgage broker, is licensed in KS and
MO. located in Kansas City,
Missouri Residential
Mortgage broker License Registrant
NO. 08-063 and
Kansas Residential Mortgage
broker License Registrant NO.
MC.0002312. |
|
|
Home,
HARP
|
|
Copyright
© 1998-2022 AGF Mortgage Inc. 9229 Ward parkway
Kansas City, MO 64114 |
|
|
|
|