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
- 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 = $73,600
5-8 Persons = $97,150
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!
3-9-2010
Today's Rates
| Conventional 30 Year Fixed |
5.000% | |
| 5.097% APR | ||
| 4.875% | ||
| 1 Point Paid | 5.055% 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 |
4.875% | |
| 5.006% APR | ||
| 4.750% | ||
| 1 Point Paid | 4.993% 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 |
4.375% | |
| 4.540% 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! | ||
| FHA 30 Year Fixed |
5.000% | |
| 5.240% APR | ||
| 4.750% | ||
| 1 Point Paid | 5.067% 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 |
5.000% | |
| 5.273% APR | ||
| 4.750% | ||
| 1 Point Paid | 5.101% 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 |
5.250% | |
| 5.520% APR | ||
| 5.000% | ||
| 1 Point Paid | 5.349% 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! | ||
"Shawn Von Talge went above and beyond in helping me and I greatly appreciate that. He is a true professional."
Angie Hoover
Dear Scott,
Thank you so much for making our home purchase possible! We're astounded that it was such a smooth process. We will recommend you to all our friends, neighbors, and especially veterans in Missouri who are planning to buy a new home.
You went the extra mile to help us with credit repair and education in order to get us the best interest rate available--something no one else has ever done! We're ready to pack!
Best regards!
Robert and Connie Summers - Disabled Army, Osage Beach, MO
"Shawn Von Talge & Eric Hemmer are professionals...always courteous, factual, prompt and accessible."
Jeff England
"Tina (Howard), I just wanted to say thanks again for all of your hard work in helping me buy my first home. I truly believe I couldn't have done it without you by my side. We are very pleased with our home and have already started some big projects. Corey and I crack jokes all the time about "Welcome to homeownership". Thanks again! It was a pleasure and I feel like I picked up a new friend."
Corey and Trisha Wright
Jessica Robertson was absolutely amazing from beginning to end. Thank you so much for everything!
Valerie Partch
"When interest rates began to drop I submitted loan applications to three major institutions hoping to find the best rate possible. Shawn and Flat Branch Mortgage blew the competition out of the water and made my refinance a great experience. I had always been partial to large banks, but after this I will send all of my referrals to Flat Branch Mortgage- care of Shawn VonTalge! Thanks again Shawn."
Erin Daugherty
Eric was great to work with. He was extremely knowledgeable and he returned my calls promptly. Eric was able to present me with a variety of options for my loan package. He was able to easily and clearly explain any questions I had. I wouldn't hesitate to recommend him to a colleague or work with him on any future loans.
Dr. Deborah Fine
?I had an overall great experience working with Eric Hemmer. He was very courteous and professional throughout the refinancing process. He answered all of my inquiries in a very prompt, open, and honest fashion, which was very reassuring with the way that the markets are today. Eric made sure that I was completely informed every step of the way, which I am very thankful. I would definitely recommend him to individuals that are seeking to purchase a new home or refinance an existing home. ?
Norma Jackson
"Thank you for everything. It is always nerve racking working with a new lender. You proved to me that you really care about your clients. I appreciate you always calling to keep me informed. I look forward to working with you again soon!"
Brooke Sydenstricker McCarty
Weichert Realtors - First Tier
"Shawn did an absolutely great job helping us refinance our house. We were especially impressed by how easy it was to contact Shawn, even contacting us out of state. We were also impressed with the guidance he gave us throughout the process, letting us know what to expect in advance and how to interact with the various parties involved. Finally we want to mention that he got us almost all of the cash we needed to fold the costs of some recent home improvements into the mortgage, while other banks we had tried to work with turned us down despite our excellent credit rating and job status."
Patrick Wheeler
