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Mortgage and Lending - Guaranty Bank & Trust Co - NMLS ID #68160
RECENT BLOG POSTS
Increase in Upfront Premiums for FHA Mortgage Insurance A new HUD Mortgagee Letter 2010-02 was issued today - see link below.  This ML makes the following changes: Effective April 5, 2010, the UFMIP (Upfront Mortgage Insurance Premium) will increase from 1.75% to 2.25% The annual premiums (monthl...
01/21/2010
If the USDA Rural Housing loan applys to your area, make sure you are working with a local lender who will offer this product to your client as a possible mortgage option. Additional benefits with USDA Rural Housing: Can be used in conjunction with MSHC Homebuyer Advantage Grant Flexible credit g...
01/18/2010
The MS Home Corporation has a new program called "Homebuyer Advantage."  This program will provide funds for homebuyers to aid in principle reduction, covering closing cost/ prepaids and "half" of the required down payment (based on loan type) for foreclosed properties. Other conditions do apply....
09/16/2009
A personal story - I was pretty blown away by a client that I had helped with a VA loan.  He was transferring from up north to Mississippi because of a new job.  Since he only had a few weeks to make the move, I quickly got him prequalified for a VA loan and the seller was willing to allow him to...
09/16/2009
HERNANDO HOMEBUYER ASSISTANCE PROGRAM The City of Hernando has received State grant funds from the Mississippi Development Authority to assist low and moderate income persons who would like to purchase a home.  The program provides a grant of $30,000.00 per applicant that can be used toward a dow...
08/25/2009
DESOTO COUNTY RECEIVES FUNDS FOR HOMEBUYER ASSISTANCE (The following information is from a Memo dated August 8, 2009 from the Desoto County, Office of the County Administrator) Desoto County recently received a Home Investment Partnership Program Homebuyer Assistance Grant.  This project was fund...
08/10/2009
Additional Items: CUSTOMER SERVICE - This is our #1 goal - we strongly believe in customer service!!   SPEED - Our underwriting times are typically faster than many in the industry COMMUNICATION - We believe this is KEY! STABILITY - Fairway Mortgage has been serving Hernando and Desoto County fo...
06/18/2009
Wow... what an accomplishment!!  Out of 85+ branches, our branch wins 2008 Branch of the Year!  (Actually, there were two awards - best big branch and we won for the best little branch).  And we achieved this with only 3 loan originators and great processors!!  I think that is STRONG! Fairway Ind...
06/09/2009
13 Things You Should Know About the USDA Rural Development Loan      USDA Rural Development has TWO different loans.  Rural Development loans are broken down into two different loan types:  USDA Guaranteed Rural Housing (GRH) Loans and USDA Direct Loans.  USDA Guaranteed loans are originated thro...
05/14/2009
FOR MISSISSIPPI ONLY: The MS Home Corp Mortgage Revenue Bond (aka MS Bond Money) and the MS Home Corp DPA (Second Mortgage) programs have not adjusted to meet the new FHA 3.5% down payment requirement.  These (2) programs will remain at 3%. This mean first-time homebuyers will need to provide the...
02/16/2009
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Doug Capps

CLO, CRMS, MMS
local_phone(662) 298-0131
smartphone(901) 412-9590
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