VA Loan Product
VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.
Other benefits of a VA loan include:
- Negotiable interest rate.
- Closing costs comparable – and sometimes lower - than other financing types.
- No private mortgage insurance requirement.
- Right to prepay loan without penalties
- Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
- Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.
A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.
Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program. You can apply with Flat Branch Home Loans here.
Flat Branch Home Loans is a leader in VA lending and has an experienced staff to serve your VA needs. To go one step further we employ two full-time VA specialists. They share time between our home office in Columbia, MO and their offices at Fort Leonard Wood and Whiteman AFB. Scott & Joe's contact information is below.
Scott Batt - www.yourvahomeloan.com
878 Missouri Ave, Ste 2
St. Robert, MO 65584
P: (573) 268-4698
F: (312) 604-3772
Joe Stoops
Whiteman AFB
123 East Gay, Ste A8
Warrensburg, MO 64093
P: (573) 356-4320
F: (312) 604-3772
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! | ||
"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
"I tried to work with Countrywide Home Loans (aka Bank of America) to secure a loan for my home purchase and was left with the impression that buying a home was simply something I was never going to be able to do. I was discouraged, confused and overwhelmed. Ready to give up, I contacted Shawn Von Talge at the recommendation of my realtor, Elissa O'Brien. I couldn't believe how different it was to work with Shawn. I found out quickly that not only could I get a loan, have minimal costs but that I did qualify for loans that I was told I didn't. He was clear, concise, straight-forward, and never left a conversation without ensuring I knew exactly what was happening. For a purchase that is so life changing the process has been unbelievably easy and for that I will always be grateful."
Jenna Sapp
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
Jim and Sarah made my refinancing experience great! I would recommend Flat Branch Mortgage to anyone looking to finance a home. The entire transaction was very smooth. You guys are great! Thank you so much!!
Shannon Barnes
"Shawn, thank you again for all of your hard work. The process was as smooth as expected. Your efforts were definitely above and beyond any other loan officer/company I had worked with in the past. No doubt I will be recommending many people to you that are looking for your services."
Stephen Wilson
"I will recommend Shawn Von Talge to anyone! He returned my phone calls and emails in a matter of minutes. I was a first time home buyer that had no idea how all this worked and he broke it all down to make sense. Thanks again Shawn for all of your help!"
Jill Schlottach
?I was in a situation where I needed to refinance my home so I could clear my ex-wife from the title. When I came to Scott to talk about my situation and my lack of knowledge with my VA benefits I couldn't have been more surprised. Scott sat down with me, explained absolutely everything I needed to know about my benefits, worked out the best possible situation for me, and took care of everything! I couldn't believe how easy it was and the amount of money I am saving. I truly believe Scott really cares about his customers and strives to be the best at what he does. Thanks again!?
Ben Riley - Retired Navy Columbia, MO
"Flat Branch Mortgage is an oasis in the desert of business as usual mortgage companies. The professional service delivered in a timely and most friendly manner is the hallmark of this company. Jim Yankee and his associates care about their clients and work hard to provide the best possible service in the most important of family assets, our home".
Ben Kolb
"Everyone I encountered who was associated with Flat Branch Mortgage was kind and knowledgeable. I would recommend them to anyone refinancing or buying a home."
Nick & Tifafany Schwandt
"I tried refinancing my home with several local banks that I have had long standing business relationships. Due to these relationships I wish to be kept anonymous, but safe to say Flat Branch Home Loans and Eric Hemmer in particular were 2nd to none! While all the other banks gave me the run around and ultimately could not close the deal, Eric was far different. He delivered on exactly what he said he would. I am very impressed. I never expected to get this type of service from a company that isn't a traditional bank. I am sold. Thank you!
Anonymous
