Finding the Right Mortgage Lender for your St. Louis Home

When I was about fifteen I worked as a laborer. A non-union laborer - which is the only kind they had in Crawford County in those days - does a little bit of everything. I dug a lot of holes. For digging I used a spade, a maddox or a pick. There were some jobs that called for pry bars and one that required dynamite. Other jobs required a little more finesse like a keyhole saw, a miter or a plane. Knowing which tool to use was a large part of the job. The same can be said of lenders.

First Time Buyers, Veterans, Physicians, Seniors, Teachers and folks with discharged bankruptcies all need specialized products. If you don’t know which product is best for you contact one of the Realtors in our office at 314-772-4663 or send an email to buyersagent@wesellstlouis.com

When Realtors meet, we frequently discuss bad loan officers and lenders. Some large institutions have reputations for slow processing or slipshod customer service that cannot be overcome by even the most professional of loan officers. Some loan officers work for their own short term benefits to the detriment of the client and have to be watched like a hawk. Helping our customers to avoid lenders who over-promise and under-perform is an important part of our job. It is a lot easier if we can just lead the client to quality person who is well suited to the job in the first place.

Just as one would not use a sledgehammer to adjust a carburetor, one should never use a B/C lender for a client with a 900 middle score who wants an 80/15/5 product and to pay no PMI. Does that sound like jargon? It is. But I know what it means and I know which lender to refer which person to.

Are you looking for a conventional home purchase loan?

If you have good credit and your goal is to have a smooth transaction at a competitive price, try

Michael Lynch
Access Capital Funding, L.L.C.
14366 S. Outer Forty
Chesterfield, Mo 63017
(314) 276-9390
mlynch@emailmma.com

Are you considering an FHA or VA loan?

Not every one is qualified or even knows how to write these. Sandy Johnson has been doing government loans for over 20 years. She knows the rules and she knows how to work with them.

Sandy Johnson
Bank of America
MO1-076-04-03
7800 Forsyth
Suite 400
Clayton, Mo 63105
(314) 560-7509
sandra.k.johnson@bankofamerica.com

Are you a teacher?

The only lender I am aware of with a product designed for teachers is

Sandy Johnson
Bank of America
MO1-076-04-03
7800 Forsyth
Suite 400
Clayton, Mo 63105
(314) 560-7509
sandra.k.johnson@bankofamerica.com

Are you a medical doctor?

Two of our lenders have great products for doctors

Sandy Johnson
Bank of America
MO1-076-04-03
7800 Forsyth
Suite 400
Clayton, Mo 63105
(314) 560-7509
sandra.k.johnson@bankofamerica.com

Jim Clifford

Senior Loan Officer

RBC Mortgage

17107 Chesterfield Airport Rd., Ste 140

Chesterfield, MO 63005

Phone (636) 449-0001

Pager/Voice Mail (314) 905-1963

Fax (636) 449-0030

email: Jim.Clifford@rbc.com

Are you a policeman, fireman, member of SEIU or medical employee?

Policemen, firemen, members of SEIU, and medical employees may all benefit from specialty Bank of America loan products,

Sandy Johnson
Bank of America
MO1-076-04-03
7800 Forsyth
Suite 400
Clayton, Mo 63105
(314) 560-7509
sandra.k.johnson@bankofamerica.com

Are you over 62?

Seniors can use a reverse mortgage to purchase a new home or as a source of income with their current home. Some people find it especially useful to help them keep up with maintenance and protect their investment for the long term.

I am now working with a couple who bought their “last” home outright with cash. Now it turns out that this home no longer fits their needs and they miss some of the luxuries that they gave up when downsizing. They are financing 49% of their home purchase and will never make a payment for the rest of their lives. They were a little nervous at first but they have consulted with a gerontologist counselor from a non-affiliated not for profit. They understand it and are really looking forward to their new home in Saint Louis Hills.

For more information on Reverse Mortgages, contact

Milton A Robinson
Griffin Financial Mortgages, LLC
(314) 521-8320
(314) 740-0948 Mobile
Milton_robinson@yahoo.com

Have you thought about buying a property that could use some tlc, a little updating or even a major rehab?

Saint Louis has lots of great homes that can be bought reasonably but it is extremely important that you get a loan designed for doing a rehab. Rick Horn has done more 203k’s and conventional rehabs than anyone else in Saint Louis.

Rick Horn
Leader Mortgage
RickHorn@Leader1.com
(314) 241-2100 ext 103
(314) 241-7300
(314) 974-5886 mobile

Do you have 'less than perfect' credit?

Everyone tells us they can do less than perfect credit but very few can close them on time with the terms they promised too. If you have a discharged bankruptcy ask about FHA.

Michael Lynch
Access Capital Funding, L.L.C.
14366 S. Outer Forty
Chesterfield, Mo 63017
(314) 276-9390
mlynch@emailmma.com

Are you looking for an honest credit counselor?

These resources have been approved by HUD:
http://www.hud.gov/offices/hsg/sfh/hcc/states/missouri.txt