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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 in Kansas and Missouri since 1993. |
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(816) 361-9988
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(800)
930-4243 |
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Term Fixed |
Rate |
Origination |
APRS* |
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30 Yrs |
4.375 |
0.000 |
4.417 |
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20
Yrs |
4.250 |
0.000 |
4.306 |
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15 Yrs |
3.875 |
0.000 |
3.947 |
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15 Yrs |
4.250 |
1.000 |
4.320 |
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The above rates are for 08/30/2010 based
on loan amount of $250K and credit score
of 720 for Kansas and Missouri
residence. For other loan programs,
please call: |
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816 361-9988 or 800-930-4243 |
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*APR numbers are based on the assumption that loans will be
closed at the end of the month. |
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Kansas -Licensed Mortgage
Company Missouri License No. 10-1049-MLLO |
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HARP
Home
Affordable Refinance Program |
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This plan was created by Fannie Mae and Freddie Mac as a part of
the stimulus package to help millions of homeowners to refinance
their loans with low interest rates even if the appraisal value
of their properties have dropped around 20%. For details
Click here. |
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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 in Kansas
city, or any city 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. |
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Loan Programs |
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First
Mortgage
for Primary Home |
First Mortgage for
purchase or refinance
in Kansas or Missouri |
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First mortgage up to 95%
with fixed rate |
First mortgage up to 100% for Rural
Development Program USDA |
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First mortgage up to 90%
with fixed rate |
VA loan up to 100% in Kansas and
Missouri |
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First mortgage up to 80%
with fixed rate |
Mortgage for second home with fixed
rate |
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Call for details |
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Second Mortgage
for Primary Home |
VA
Loan for eligible Veterans in Kansas or Missouri |
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Second Mortgage or Home
Equity Line of Credit
in Kansas or Missouri |
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Second mortgage up to 85% of the
appraisal value |
Second mortgage up to 70% |
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Second mortgage up to 80% of
the appraisal value |
Home equity line of credit
up to 85% |
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Second mortgage up to 75% 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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Appraisal Value |
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Under this plan, eligible
homeowners can
refinance their mortgages
to a new, potentially lower
interest rate, 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. |
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The
new
loan
can
not
exceed
105%
of
new
appraisal
value.
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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. |
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Your Current
Loan
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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. |
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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 |
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But, can not exceed 105% of the new appraisal value. |
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Back to List
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Who
Should Apply?
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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: |
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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. |
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No Cash out |
You can not get
any cash out
from this
transaction at
closing. |
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Property Types |
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Single Family Dwelling |
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Duplex or 2 units |
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Triplex or 3 units |
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Four units |
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Minimum
Credit Score |
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For
Fannie
Mae's DU
Refinance
plus:
620 for
Primary
home and
680 for
second
home and
investment
properties |
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For
Freddie
Mac,
there is
no
minimum
credit
score
requirements
but, if
principal
and
interest
payment
is
increasing
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by
20% then
the
minimum
credit
score
requirement
is 620. |
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Back to List
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Loan on Rental
Homes |
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Loan on Rental Homes |
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Up to 80% for 1 to 2 units
for purchase or refinance |
Up to 75% for 3 to 4
units |
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Up to 75% for 1 to 2
units
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Over 4 units see the
commercial section
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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 504 Loan, SBA 7(a) Loan, Hard Money, and Construction
Loan |
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Fixed Period |
2, 3, 5, 7,
10, 15, 20 and 30 years fixed rate |
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Loan Term |
15, 20, 25, and 30 years |
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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% . |
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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. |
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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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Kansas Mortgage
Rate and Missouri
Mortgage Rate
Explanations |
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The Mortgage
interest rates for
Kansas and Missouri
homeowners are based
on the loan size
and the credit score.
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 8
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 640, 660, 680, 700,
720, 740, 760, 780 and 800 credit scores.
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
Mortgage 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 at
Kansas City, 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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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 |
Homepath
Financing
This
special
financing
is
available
on
Fannie
Mae
homes
with the
following
logo:
This a
program
designed
to
provide
a
financing
option
to
facilitate
REO sale
and
support
market
stabilization.
Eligible
properties
located
at
www.homepath.com
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Term: 30 years Fixed rate |
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No mortgage insurance |
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No Appraisal is needed. Value based on contract price so no appraisal fee |
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Minimum Down Payment for Primary home |
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1 - |
5% with credit score of 660 or more, no mortgage insurance require |
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20% with credit score of 620 to 660 |
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Down Payment for Second home: 90% with credit score of 660 or higher |
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Down Payment for Investment property: 85% with credit score of 660 or higher wit no mortgage insurance |
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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. located in Kansas City, Missouri Residential
Mortgage License Registrant
NO. 08-063 and
Kansas Residential Mortgage
License Registrant NO.
MC.0002312. |
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