AGF Mortgage, Inc.

   Since 1993                                                (816) 361 -9988  

9229 Ward Parkway, Suite 109  Kansas City, Missouri  64114        

 Loan on Rental Home  
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AGF Mortgage in Kansas City

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!

 
     
 

Pre approval for :

 
     
 
  • You Primary Home
  • Your Rental Home
 

 

For pre-approval, If you are salary employee, please provide us the following documents:

 
 

 

 
 
  • W2 for 2 years

  • Your Last Pay Stubs

  • Your Bank Statements

  • Copy of your Driver License

  • others may require depending you employment status.

 

 

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
    

Please complete the this form, so we could provide you a reliable rate

Loan Amount:

Loan Term:

Type of Loans:

Finance Types:

Primary/ Rental:

Property Types:

Property Value:

 

Purchase Price

City:

State:

Name:

E-Mail:

Phone:

Best Time to Call:

Your Credit Score:

Comment:

 

 

 

 

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

image First mortgage up to 95% with fixed rates

image  FHA loans up to 96.5% for purchase

image First mortgage up to 90% with fixed rates

image  FHA Streamline Refinancing

image First mortgage up to 80% with fixed rates

image  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

   

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Appraisal fee for the single family unit. (If value over 500K Please call)

$405

$405

   

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Administration fee, tax service fee  and  flood Certificates fee

$759

$759

   

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Title company's Settlement  and recoding fees                            

  $330

$355

   

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Title Insurance cost:                                                                                    

 click here

  click here    

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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

 

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  Home equity loan or Line of Credit up to 90% image Second Mortgage or Line of Credit 75%

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  Second Mortgage or Line of Credit 80% image Second Mortgage or Line of Credit 70%

FHA Loans In Kansas and Missouri

   Call for details     

FHA Loans in Overland, Leawood, Olathe, Shawnee Mission, KS

 

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  FHA Loan with 3.5% Down with Credit Score of 660 and up image FHA loans on 1 to 4 units owner occupied properties

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  FHA Loan for refinancing in, Kansas and Missouri image FHA Cash out refinance up to 85%
   Call for details                                                                                                 

Affordable payday loans in Missouri

 

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. ยงยง 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.

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Minimum amount

$405

   

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Maximum amount

$500

   

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Min. term

14 days

   

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Min. term

31 days

   

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Min. APR

Please Call

   

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Max. APR

Up to 700%

   

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Collection fees

None

   

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Collateral

None

   

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Nr. of simultaneous loans

Not limited but no more than $500 from a lender

   

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Rollovers

5

   

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Credit Score

Available for Bad Credit

   
 

Repayment Plans for Missouri Payday Loans for 31 Days

 

 

Loan Amount

Fee per $100

APR

Total Due Sum

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$100

$15

600.00%

$115

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$200

$30

580.00%

$230

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$300

$45

540.00%

$345

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$400

$60

521.00%

$460

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$500

$75

500.00%

$575

 

Appraisal Value

HARP-Refinance your Mortgage with Making Home Affordable Plan Kansas and Missouri

 

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:

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Balance of existing loan

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Closing costs

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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

 

image  Single Family Dwelling

image  Duplex or 2 units

image  Triplex or 3 units

image   Four units

Minimum Credit Score

 

 image  For Fannie Mae's DU Refinance plus: 640 for Primary home and 680 for second home and investment properties

 image  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  in Lee's Summit, Liberty, Blue Springs Missouri, Kansas city, Missouri

Loan on Rental Homes

image Up to 80% for 1 unit for purchase or refinance

image  Up to 75%  for 3 to 4 units

image Up to 75%  for 1 to 2 units

image  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

   

image Your current loan consists of  first & second mortgages and you  want to combine those into one loan with a low rate

image  Pay off high rate and high monthly payment of credit cards

    

image  Pay for down payment of rental or investment homes

image Your loan has a high interest rate

image  Pay for down payment of a 2nd or a lake home

image Your current Mortgage  has variable rate

image  Pay for remodeling of your home

image  Pay off personal or car loans

image  Pay for children's college tuition

image 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

image For 1 to 4 units rental properties

 image  For multi family rental properties over 4 units, visit AGF Commercial Loan

                                                                                                                                                                                            

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.

 image Property Tax 2 to 3 months
 image Hazard Insurance 14 months
 image 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.

 image By cash out refinancing of the first mortgage
 image By getting a second mortgage
 image 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