FHA loans offer homeowners attractive interest rates with less demanding and more flexible requirements, such as credit scores, than conventional loans. Conventional loans continue to maintain their reputation of being a safe type mortgage loan and should be an option for borrowers with good or excellent credit.
The VA home loan program provides qualified homeowners with the opportunity to take advantage of the numerous benefits they have earned through their military service. There's a lot to consider when making the decision to refinance your home. With the help of our dedicated loan officers to our online information center, we're here to help answer your questions about your multiple home loan options.
The VA home loan program provides qualified homeowners with the opportunity to take advantage of the numerous benefits they have earned through their military service. There's a lot to consider when making the decision to refinance your home. With the help of our dedicated loan officers to our online information center, we're here to help answer your questions about your multiple home loan options.
Services
An FHA loan, a government-backed mortgage, is a mortgage insured by the Federal Housing Administration where borrowers pay for mortgage insurance, protecting the lender from a loss if the borrower defaults on the loan. Each state has different limits so it's important to understand what is available for your FHA home loan.
Borrowers must have a stable employment history or have worked for the same employer for 2 consecutive years. Property must meet the minimum standards for an FHA loan. If your home does not meet the established, you may be required to complete repairs before closing. Borrowers must be two years out of bankruptcy and have re-established good credit.
Refinancing with an FHA loan can be an effective way to keep using the equity in your house to your benefit. With an FHA Simple Refinance, homeowners can go from their current FHA loan into a new one, a fixed-rate or ARM. This straightforward refinance is a no cash-out product that does require credit, income, and asset quantification to ensure the borrower meets the loan requirements.
The VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA), issued by participating approved lenders. This program is for American veterans, military members currently serving, reservists and select surviving spouses. The VA itself does not originate loans, but it does set the rules for who may qualify, minimum guidelines and requirements for the home loan program.
A VA Purchase Loan can help a qualified borrower purchase a home at a competitive rate with multiple financing options up to $1,200,000 without putting any money down. The federally-backed VA loan has distinct advantages over traditional loans and with the 2017 VA loan limits, borrowers in high-cost counties may be able to purchase homes above the limit without a down payment.
Reviews (8)
Christopher Silver
Nov 07, 2021
Report
My wife and I already had one mortgage during this crazy housing market and were looking to move closer to our hometown but due to the market we had to act fast on a house that was for sale in a desired location for us. We were in the process of getting our current house for sale but it wasn't even listed yet. I am a veteran and had already used a VA loan on the house we were currently in at that time. We were definitely stressed in attempting to buy and sell a house. We at the time were first time home buyers and were still very clueless in process of buying and selling. I had done a simple Google
Theresa Czeczuga
Apr 13, 2021
Report
We recently closed on a home with funding from Mid Continent VA loans . Excellent company . Karen Goetz team loan leader and Matt Johnston loan coordinator were remarkable . Their expertise service helped me in every way you can imagine . They are what an excellent company is . Thank you Karen and Matt for everything . I would highly recommend this company for their outstanding help and friendship . Couldn’t have done it without Karen and Matt !
Steve Chafe
Jan 29, 2021
Report
Robert Mackey
Nov 14, 2020
Report
If you're thinking about a mortgage loan and looking at Mid-Continent Funding, ask for Matt. My family and I just bought our house in April during the pandemic. Matt was honest, low pressure, always available, and extremely knowledgeable in all areas of home buying resulting in getting us a mortgage rate that no other lender could come close to. We will definitely seek Matt out if ever need funding again and have already referred one of our friends to him.i never write reviews for good service because I expect it, but Matt went above and beyond and gave great service. Thank you Matt!
Kellie Burger
Nov 27, 2019
Report
Mid-Continent Funding is a wonderful company! The employees are very dedicated and provide excellent customer service to every single person they work with! I would trust every employee with my home financing as they are passionate about serving homeowners and have a great sense of urgency to get the job done well!
Sarah Brudek
Aug 14, 2019
Report
Angela Cleeton
Jun 22, 2019
Report
Darrick Brumley
Jun 15, 2019
Report
I applied for a job with this company and was hired to start after I pass the test needed. I soon found out that they pulled my credit for a home loan application, not once but twice! They didn’t pull it for a job application, but for a home loan application. I had two loan numbers associated with this company from them doing this! My information was sold and I’m being bombarded with calls from mortgages companies that was sold my information. After being irritated that that happened because it was wrongfully pulled twice I was told I no longer have the position due to the situation. Also,
