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Jacki Peterson –
Mortgage Loans –
York
Branch
(402)362-4491or
(800)955-4492 Email: jackip@midwestbanks.com
SERVICE THAT BUILDS RELATIONSHIPS
There have been numerous changes
to the real estate lending regulations in the last year.
Even with all those changes Midwest Bank has kept
up-to-date and ready to provide loans to qualified borrowers.
It was an honor to have received a tie vote for #1
in Home Loans from the 2009 Reader’s Choice Awards
sponsored by the York News-Times.
Our success can be attributed to fitting the loan product
to the borrower’s needs. The
bank continues to offer competitive interest rates, promotes a
wide variety of lending programs, and provides excellent service
through an experienced, well trained mortgage lending staff.
So, whether you are buying, refinancing or building a home,
you can feel comfortable in knowing Midwest Bank is the right bank
for you.
Fixed Rate Mortgage – Conventional or VA Loans
Midwest Bank
offers 30, 20, and 15 year Conventional and VA loan products to
provide borrowers with long term fixed rate mortgage loans.
These loans can be for the purchase of a single-family
1-4 unit primary
residence or the refinancing of an existing home.
Rates have continued to be favorable and subject to daily
change. Call for rates
today.
Midwest
Bank Residential Real
Estate Loans
Midwest Bank
provides in-house residential real estate loans.
These loans carry a 3 or 5 years rate and can be amortized
over 20 years and can include an escrow for your real estate taxes
and homeowner insurance premiums.
Call for rates today.
Midwest
Bank Construction
Loans
Builders or
individuals may apply for a construction only loan. The program
provides you with the necessary funds to purchase/pay off the lot,
and/or build the home. After
completion, the homeowner can opt to refinance using a fixed rate
program. Call for
rates today.
First Time Homebuyer Programs
As an approved lender for the
Nebraska Investment Finance Authority “NIFA” loan programs
Midwest Bank provides loan to first-time homebuyers for the
purchase of their first home.
http://www.nifa.org/programs/index.html?topic=desc&ps=choose&prog_name_sent=Single+Family
The USDA Rural
Development loan guaranty
program provides borrowers the opportunity to borrow up to 102% of
the property’s appraised value.
The loan amount can often include closing costs.
Midwest Bank in
York
is one of the top
Nebraska
lenders in fiscal 2009 for USDA Rural Development’s guaranteed
rural housing loan program. Midwest
Bank provided $2.2 million, which fostered rural home ownership in
the state. http://www.rurdev.usda.gov/ne/rural_housing_programs_index.htm
Blue
Valley
Community Action (BVCA) Partnership operates over 30 programs that
interact and complement each other.
The Homeownership Opportunity program provides income
eligible applicants financial assistance to help cover down
payment, closing costs, and housing rehabilitation expenses.
http://www.bvca.net/programs/index.htm#housing
The Rural First-Time Homebuyer Program (RFHP) is a down
payment assistance program designed to help first-time homebuyers
in rural areas purchase a home.
As an FHLBank Topeka stockholder, Midwest Bank is eligible
to access RFHP funding to assist first-time homebuyers in rural
areas we serve. The maximum RFHP subsidy per household is
$4,000. Homebuyers
could use the funds for down payment, closing costs and
rehabilitation assistance on a home. Eligible homebuyers
needed to meet certain income criteria, complete a homebuyer
education/counseling program, and provide a minimum of $500 as a
down payment. The Affordable Housing Program (AHP) funding
for the 2010 HSP will be $5.6 million compared to $1.7 million in
2009. RFHP, TOP, Rural Disaster Assistance and Mortgage
Refinancing Programs are funded from the same pool on a
first-come, first-served basis. Six monthly offerings in 2010
beginning March 1. March and April funding available will be $1.1
million. For May, June, July and August, the amount available each
month will be $838,000. http://www.fhlbtopeka.com/s/index.cfm?AID=31
Call for information
today (402)362-4491or (800)955-4492.
Email: jackip@midwestbanks.com
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