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Program Guidelines

Loan Terms
Amount:$100,000 to $20,000,000
Maturities:5 to 15 years
Amortization:Maximum of 30 years
Interest Rates:Fixed interest rates priced at a spread competitive over the comparable maturity U.S. Treasury Note. The spread will be determined by the relative credit quality of the loan.
Security:First Mortgages (or Deeds of Trust) only
Personal Guarantees: Program Dependent
Prepayment:Flexible terms
Secondary Financing: Flexible terms
Request for Submission:A Midwest underwriter can determine suitability of the loan request by telephone.
Issuance of Application:Midwest will either issue an Application or reject the loan request within two weeks of receiving a complete loan submission.
Site Inspection:Within three weeks of receipt of the accepted Application and Application fee (if applicable).
Issuance of Commitment:Within 30 days of receipt of accepted Application and Application fee.
Closing: Within three weeks of Midwest's receipt of satisfactory third party reports not to exceed 90 days after Commitment acceptance.



Midwest Mortgage Company LLC -
Office Phone: 573-443-7794 Cell Phone: 573-964-5050 Toll Free Phone: 877-443-7794


Licensed in Missouri and Illinois.

Missouri Residential Mortgage License No. 06-259

Illinois Residential Mortgage License No. MB.0005769

 



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