HOME LOAN PROGRAMS

 

     

Below is an overview of each loan program we offer. 

For complete details please contact Community Bank at 660-886 -9188 .

VA  Loan

  • 100% Financing
  • VA Funding Fee
  • No Mortgage Insurance
  • VA Home Loans Are Fixed Rate Loans.
  • Sellers May Contribute Towards The Buyers Closing Costs Per VA Guidelines .
  • VA Loans Are Assumable At The Existing Interest Rate By A Qualified Buyer.

 

Conventional Loan

  • Cashout Refinances Up To 80% Of The Value Of Your Home
  • Purchase- 3% Minimum Down Payment
  • Minimum Credit Score 620
  • Max Loan Amount $453,100
  • Purchase Or Refinance Second Homes
  • Purchase Or Refinance Investment Properties
  • Seller Is Allowed To Pay Closing Costs
  • Gift Funds Allowed
  • Grant Money Available For Qualified Borrowers

USDA/Rural Development Home Loan

  • 100% Financing
  • Income Limits
  • Available In Qualified Areas
  • Seller Is Allowed To Pay Up To 6% Of The Buyers Closing Costs
  • 30 Year Fixed Rate Loan
  • Upfront Guarantee Fee
  • Monthly RD Fee
  • Grant Money Available For Qualified Borrowers

FHA Loan

  • 3.5% Down Payment
  • Upfront Mortgage Insurance
  • Gift Funds Allowed
  • Seller Allowed To Pay Up To 6% of The Buyers Closing Costs
  • Grant Money Available For Qualified Borrowers

Home Ready Loan

  • 3% Down Payment
  • Minimum Credit Score 620
  • Homebuyer Education Required
  • Grant Money Available For Qualified Borrowers
  • Reduced Mortgage Insurance

      In-House Home Loans

  • Refinance or Purchase
  • 15% Down Payment
  • Adjustable Rate
  • Low Closing Costs
  • Grant Money Available For Qualified Buyers
  • No Mortgage Insurance
  • Seller Paid Closing Costs Allowed
  • Gift Funds Allowed
  • No Minimum Credit Score

MHDC Loan

  • First Time Homebuyer - No Homeownership Within 3 years