USDA Loan Product
Guaranteed Loan Program
Qualifications
- Earn less than the USDA income limit (see chart below)
- Occupy the house
- Demonstrate an ability and willingness to make the monthly payments
- Purchase a home that is in the USDA coverage area
Advantages
- Lower monthly payments
- Lower interest rates
- No down payment needed
- No monthly PMI charge (USDA does charge an up front funding fee of 3.5% that is rolled into the loan)
- No minimum credit score
- Loan is underwritten locally at Flat Branch Mortgage
Boone County Income Limits
(limits differ by county, contact Flat Branch for your county’s limits)
1-4 Persons = $74,050
5-8 Persons = $97,750
Note: You are allowed to deduct daycare expenses and other non-reimbursed work expenses as well.
Qualifying Areas: All areas in Missouri except homes inside the city limits of Columbia, Jefferson City, Fort Leonard Wood, Springfield, Joplin, St. Joseph, Cape Girardeau. Also not eligible are homes in and around St. Louis and Kansas City
USDA loans are the #1 loan for Rural America! Click here to apply today!
7-30-2010
Today's Rates
| Conventional 30 Year Fixed |
4.625% | |
| 4.720% APR | ||
| 4.375% | ||
| 1 Point Paid | 4.550% APR | |
| Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it! | ||
| Conventional 20 Year Fixed |
4.500% | |
| 4.629% APR | ||
| 4.250% | ||
| 1 Point Paid | 4.489% APR | |
| Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it! | ||
| Conventional 15 Year Fixed |
4.125% | |
| 4.430% APR | ||
| 3.875% | ||
| 1 Point Paid | 4.180% APR | |
| Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it! | ||
| FHA 30 Year Fixed |
4.500% | |
| 4.733% APR | ||
| 4.250% | ||
| 1 Point Paid | 4.558% APR | |
| Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it! | ||
| VA 30 Year Fixed |
4.500% | |
| 4.765% APR | ||
| 4.250% | ||
| 1 Point Paid | 4.591% APR | |
| Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it! | ||
| USDA 30 Year Fixed |
4.750% | |
| 5.012% APR | ||
| 4.500% | ||
| 1 Point Paid | 4.839% APR | |
| Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it! | ||
I would like to take this opportunity to thank you for all your help in making our dream of homeownership a reality.
Thank you so much!
Travis & Jessica Peterson
"Shawn Von Talge's assistance throughout our loan application process has been outstanding. Mr. Von Talge provided professional and timely advice. He was accessible to both my wife and I following her initial meeting, giving us thorough recommendations of all required information for a VA loan. This reduced the overall time needed to complete the loan and allowed us to close on the house three weeks earlier than expected. Shawn's ability to keep us informed on our loan process and additional documents needed kept the overall process streamlined from application to closing. Nicole and I are very pleased with Mr. Von Talge's help and Flat Branch Mortgage, we knowing would use these services again for any future home financing and will recommend Shawn and Flat Branch to others."
David and Nicole Nelson
Dorothy,
Dillon & I really wanted to thank you for everything you did for us as we found our home! You are very good at what you do and we could not have been happier with Flat Branch Home Loans overall. Fay was always so nice too. We love our new home and are finally feeling settled in.
Mona & Dillon Lara
I would use your service again. We have tried to buy a home for 14 years and you made it possible!
Thank you Jennifer.
Larry & Jamie Lawrence
"Shawn Von Talge made my refinancing really easy and fast! Thank You!"
Darrell & Norma Sizemore
"Shawn Von Talge was very helpful and informative. The loan closed within 15 days as promised. Thank you very much!"
Bill and Karen Swaim
Jessica was a professional every step of the process. She communicated with us in a timely manner and guided us every step of the way. We received great client services.
Ken & Joanne Tedesco
"It is clear that Shawn Von Talge is a professional! He took care of us in a timely manner. He was very friendly & concerned about making the process as easy as possible. We would be happy to recommend him to anyone wanting to buy property."
Don and Peg Smith
Scott,
It's hard to believe this day in age that an individual is still treated as an individual and not a number. If you are seeking quality, personal service, Scott Batt and Flat Branch Mortgage is the only place to go! Scott went the extra mile for us all the way from pre-approval to closing. He even provided us with tips on the sale of our previous home! The number of headaches and stress Scott eliminated for us is unimaginable. There is no better lender or Mortgage Broker than Scott Batt with Flat Branch Mortgage. Thanks and we love our new home!
Thanks again for all your hard work. We sure appreciate you and are getting settled into our new home!
Keep in touch.
Kala G. Holt Summit, MO
We were supposed to close on a Monday and on the Wednesday before that the first company we tried working with told us they would not be able to get everything don by Monday. Thinking the situation was hopeless, we contacted Jessica Robertson at Flat Branch Mortgage. I know a loan in 3 days is not standard, but she pulled it off and we didn’t lose our house, earnest money, or anything- thank you!
Chris and Stacey Sisk
