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!
9-3-2010
Today's Rates
| Conventional 30 Year Fixed |
4.500% | |
| 4.594% APR | ||
| 4.250% | ||
| 1 Point Paid | 4.423% 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 |
4.375% | |
| 4.504% 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 |
3.875% | |
| 4.037% APR | ||
| 3.750% | ||
| 1 Point Paid | 3.913% 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% | |
| 4.733% 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 |
4.625% | |
| 4.885% APR | ||
| 4.375% | ||
| 1 Point Paid | 4.711% 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! | ||
"The whole entire process went smooth. I was very pleased with my Mortgage Banker (Shawn). I would use Flat Branch Home Loans again!"
Ryan Gastineau
"Shawn Von Talge was very good in meeting all our needs during the mortgage process. He is very personable & very timely."
Ron & Faye Singleton
"Shawn was absolutely wonderful to work with!"
Leigh Ann Simar
"Eric, I appreciate your efforts to set-up and approve my loan and the efficiency with which the closing process took place. I will definitely refer other customers and you will get my repeat business."
Terry Bohanan
"I was very happy with Flat Branch Mortgage & Shawn Von Talge & the quickness with which they got my loan closed."
Jerry Kempf
Dear Mr. Batt,
I appreciate all the extra effort and time that you put into the loan for my clients. Your follow up with my clients was excellent, and you kept them apprised of everything that was happening with their loan. They felt like they were informed and knowledgeable every step of the process, and that truly made their home buying experience more enjoyable. As the realtor?, I appreciate so much that you treated my customers like family. They were able to have a much smoother transaction because of the care you took with them. I feel that you also gave me the necessary information to help my clients make the best home choice, and I would definitely recommend you to other home buyers. Thank you so much!
Kim Ellis - Century 21 Prestige, Fort Leonard Wood, MO
"Shawn Von Talge made my refinancing really easy and fast! Thank You!"
Darrell & Norma Sizemore
" This is my 4th real property transaction I've done and it was the best, you definitely are better than State Farm & Bank of America."
Robert & Virginia Bridges
For years, I had been dreaming about buying my first home, but I was afraid I would never be able to afford it. I live in a small rural town where it’s hard to make a lot of money. When I heard about the first-time home buyer tax credit, I decided that now was the time to try. After looking at a long list of homes, I fell in love with a house at the high end of my price range. My realtor recommended Flat Branch Mortgage and they helped me every step of the way. With their rural loan program, I was able to purchase the home with a small deposit of $500, $0 private mortgage insurance, and only $200 for closing costs! The monthly payment for mortgage, insurance and property tax turned out to be only $200 more per month than what we were paying to rent a small apartment. Flat Branch was so fast and thorough with the home buying process that we were even able to close a week early. Thank you, Flat Branch, for helping me to achieve my dream of purchasing a home in 2010. Very excellent, wonderful customer service. I couldn't be more pleased with Flat Brach Loans. Thank you so much, Shawn, Daisy, and Flat Branch. I was afraid that purchasing a home would be a daunting task but you really helped us through this process and made it as painless as possible, and in fact, enjoyable!
Alexis Bell
"I felt so comfortable working with Shawn. He was easy to talk to and explained all the answers to my questions in a way that was easy for me to understand. He made this process as easy as it could possibly be. I appreciate everything! I would definitely recommend him to anyone!"
Adria Koehn















