Mortgage Loan Center

I am readily available to help you with almost any loan size and almost any loan scenario. See below for some information on the most common types of loans we offer.

Also, feel free to use my Mortgage Calculator to do further research on a potential home purchase or refinance. It will help you determine what you can afford today, and how much you will pay over the life of the loan. When you're ready to turn your dream into reality, call me at (417) 894-8030 or go ahead and start filling out the application online.

Loans We Offer

Here is a brief overview of the major types of loans we offer. Keep in mind that each loan scenario is unique, so even if your needs don't fit these broad categories, we can still help!

Conventional Loans

Conventional loans are what you normally think about when you hear the term "mortgage loan" or "home loan". They can be 30-year, 25-year, 20-year, or 15-year fixed rate loans -- in other words, a constant interest rate over the life of the loan, and monthly principal and interest that never changes.

FHA Loans

FHA loans are federally-assisted mortgages that are insured by the FHA (Federal Housing Administration), offering flexible credit guidelines and the ability to borrow up to 96.5% of the value of your home. FHA loans are primarily for people who who do not fit under the conventional loan umbrella. To get one of these loans you need to go through a federally-qualified FHA lender, such as USA Mortgage.

VA Loans

VA loans are available to active military and veterans, and are insured by the VA (Veterans Administration). VA loans require absolutely no down payment, whether you are purchasing or refinancing your home. It is possible to purchase a home using a VA home loan and bring no money to the closing table.

USDA Loans

USDA loans are also referred to as Rural Development loans, or Section 502 loans, and are guaranteed by the USDA (United States Department of Agriculture). These loans include a ZERO down payment and 100% financing, but are only available in certain areas of the country. In the Springfield vicinity, you can obtain a USDA loan for most areas, excluding Springfield and Battlefield.

ARM Loans

ARM, or Adjustable Rate Mortgage, loans are exactly that: the interest rate is adjusted on a periodic basis, whether that be on a monthly, annually, or some other basis. So the payment you make may be higher or lower from period to period depending on the fluctuation of interest rates in general. These types of loans may be useful in the short term, but keep in mind the longer you ask the lender to charge you a specific rate, the more expensive the loan.

If you have questions about this information, or something else not covered here, please call us at (417) 894-8030, or use our handy Contact Form.