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. |
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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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