Columbia Mortgage Lenders

Jumbo Loans

For larger-priced homes, we offer qualified borrowers the opportunity to take out a Jumbo Home Loan. These loans come with reasonable interest rates for borrowers with favorable credit scores and flexible terms for a 15- and 30-year period. The loans also work well with the purchase and refinance transactions and don’t require any private mortgage insurance with a minimum Missouri loan limit and a maximum amount of $3,000,000 for Missouri.

If you’re eligible for this kind of loan, we can walk you through the application process and guide you towards determining the most suitable rates once your pre-qualification checks out.

Conventional Loans

Also known as a conforming loan, this loan option isn’t insured by any recognized government program and tends to be regulated by Fannie Mae and Freddie Mae. Our conventional loan services require a down payment that’s as low as 3%, with the option of choosing either fixed or adjustable interest rates. The terms of this kind of loan can run from 10 to 30 years with no PMI and a 20% down payment.

However, any conventional loan with PMI can be put off once adequate equity is collected. As an experienced mortgage lender, we can guide you in finding the right conventional loan terms for your financial goals and a suitable lending program.

FHA Home Loans

We also provide our esteemed customers with FHA home loans insured and regulated by the Federal Housing Administration and designed to help low to average income loanees make a suitable down payment that won’t strain their budget. These loans typically help seniors, first-time homebuyers, and other individuals with credit limitations as they offer flexible and reasonable loans at a lower credit score. In addition, our mortgage officers can walk you through the qualification requirements and guide you in applying for a suitable loan once you’re re-qualified for it.

VA Home Loans

Supported by the Department of Veterans Affairs (VA), these types of loans are only eligible to military members, veterans, and their recognized surviving spouses. VA mortgage loans are designed to recognize the contributions of these men and women by providing favorable loan terms at low fixed rates.

The interest rates for this loan are negotiable, and it also limits the amount that a borrower can be charged for closing fees. With a down payment of at least 5% and an exception for veterans receiving VA compensation, our VA mortgage deals can help you find the peace you need in your home after a long time of service.

USDA Home Loan

These loans are also referred to as USDA Rural Development Loan Program and are typically offered to low-to-moderate income homes within eligible rural locations. A USDA loan doesn’t require any down payment unless the borrower chooses to provide one from a gift or documented asset.

Our polished team would review your income status, credit, and assets to read you for a pre-approval that can determine the amount of loan you’re eligible for.

Vacation Homes

Many individuals fancy the thought of a 2nd home or luxurious investment property but can’t purchase them in cash. At Metropolitan Mortgage Corporation, we offer borrowers vacation home loans for a 15- and 30-years loan plan. Then, with a pre-qualification from our team, you can raise your bargaining power today and take out that loan quickly.

30 Year Fixed Loan

For individuals who plan to stay in their homes for more than 30 years, this type of loan is suitable as it provides consistent fixed payments. In addition, we can help you plan your budget with consistent mortgage payments at low-interest rates that would never change.

15 Year Fixed Loan

With this type of loan, the borrower would pay the principal every month through their agreed monthly payments. Being a fixed-rate mortgage, the interest rates don’t change and are a more affordable option than other loan types. Our mortgage officers can help you apply for the loan and get a pre-qualification that would determine your loan amount.

Looking to Settle in Missouri?

Contact us today to for a home  loan in Columbia, along with a pre-qualification for any other type of mortgage loan you’re in which you’re eligible for.

Looking to buy a home in Columbia?