This financing option will give the you the lowest payment of any financing option.  Many area's qualify for this financing option.  When you combine Fixed LOW Rates, NO PMI (private mortgage insurance), and Low Fee's you have the best of the best!

Some History on this financing option: Rural Housing Service (RHS) was created in 1994 as a result of the Department of Agriculture Reorganization Act to meet housing and community development needs of rural America.

In most cases I can also finance your closing cost.  Keep your hard earned money in the bank!  This can be a true NO MONEY DOWN Loan.

JD Price

Senior Mortgage Planner

Rural Housing Division Director

To find out if your area qualifies call

JD Price at 913-651-1301 or 913-709-2897

Additional Information available at www.ruralhousing.biz .

Call JD Price to see if this is the right program for you!

Most homes are purchased with this program in the US.

Conventional loans may be conforming and non-conforming. Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for Americans.

Fannie Mae and Freddie Mac guidelines establish the maximum loan amount, borrower credit and income requirements, down payment, and suitable properties. Fannie Mae and Freddie Mac announces new loan limits every year.

To find out which Conventional loan you might qualify for call any of our Mortgage Planners today.

BankMortgageSolutions A National FHA Discount Lender

An FHA mortgage is a viable alternative for borrowers with less than stellar credit scores. Following are some details about an FHA mortgage loan:

• FICO scores from the 580's and up.
• Interest rates are comparable to conventional rates.
• A 6% contribution can be made by the seller or other 3rd parties.
• 100% gift by family or grant program.
• NO Origination Fee
• NO Lender Fee

Additionally -

• No Minimum Loan Limits
• Single Family & 1-4 unit Owner-Occupied units in Condos or PUD's are eligible.
• Down payment assistance is available to meet the 3% borrower contribution requirement.
• Qualifying by DU or LP automated underwriting or loans can be manually underwritten.
• 1-1 & 2-1 Buydowns are eligible on the 30, 25 & 15 year Purchase loans.

An FHA home loan is ideal for 1st time buyers and those borrowers whose loan criteria that may straddle the upper sub-prime and lower "A" paper eligibility parameters.

Please contact any of our Mortgaage Professionals to see if this plan is right for you.

VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guaranty allows veterans, surviving spouse's and service persons to obtain home loans with favorable loan terms, usually without a down payment. In addition, it is easier to qualify for a VA loan than a conventional loan.  The U.S. Department of Veterans Affairs does not make loans, it guarantees loans made by lenders. VA determines your eligibility and, if you are qualified, VA will issue you a certificate of eligibility to be used in applying for a VA loan.

VA-guaranteed loans are obtained by making application to private lending institutions like The Vested Mortgage Group, Inc.

VA-gauranteed loans offer Fixed and Adjustable Rate Mortgages.

We underwite Va loans in house for quick on time closings 

If you are interesting in obtaining a VA-guaranteed loan please call Senior Mortage Planner JD Price.

Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as 'jumbo' loans. Because jumbo loans are bought and sold on a much smaller scale, they often have a little higher interest rate than conforming, but the spread between the two varies with the economy.

Please contact any of our Professional Mortgage Planners to see if this option is right for you.

Call Senior Mortgage Planner JD Price for more details on Jumbo loans!

A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because the home is likely to be a consumer's largest asset, many homeowners use their credit lines only for major items such as education, home improvements, or medical bills and not for day-to-day expenses.

They can be used for debt colsolidation, in conjuntion with a purchase or just a safty net for your families finances.  The interest rate generally follows the prime interest rate and can change.

Call Senior Mortgage Planner JD Price to see which HELOC is best for you and your family!

Most second mortgages are used on purchases to avoid the Private Mortgage Insurance associated with financing more than 80% of the houses value.  They can be obtained on a purchase with a First Mortgage or after the fact as a stand alone loan.  Generally qualified borrowers can use up to 100% of the Homes Equity as callateral.  Most give you the piece of mind of a fixed rate.  The terms vary on second mortgages. 

To find out which second Mortgage option you may qualify for contact Senior Mortgage Planner JD Price!