Darren Stewart's (darrenstewart) Blog

We are a community bank located in Springfield, Missouri, many times our clients and business partners do not realize that we have the ability to close loans in any state in the United States, I wanted to make sure that each of you on this network no matter which state you are in realize that I c...

Reservations for the new issue (2008B) Bond Money will begin on Monday July 28th, 2008.  I believe that the demand for down payment assistance has increased dramatically with the elimination of many 100 percent programs so please be aware that this money will not last long. My advice would be to ...

One of my mentors always advised me early in life to  "Plan your work and then Work your Plan," today I can't thank him enough for his wisdom in those words it has carried me through what has sometimes seemed like a minefield of guideline changes.  I am sure I don't need to go into detail on how ...

Great Program that is available for homes that HUD classifies as Good Neighbor Homes eligible for this program, in order to qualify - you have to be a teacher, Emergency Responder, or police officer or firefighter.  The basics, the client agrees to purchase the home at the said appraisal amount p...

Being a National Associated Bank we have the ability to close loans all over the nation - not just in the state of Missouri, this month is no exception we are closing on a mail out closing to Canada -on a property in Missouri, a closing in Virginia, and even closings for US citizens who are stati...

The Missouri Housing Development Commission has been hard at work to be able to offer a new issue of bond money for first time home buyers in the state of Missouri, despite the current conditions in the bond market - it looks like their work may be paying off for first time home buyers very soon!...

Fannie Mae recently announced that they were going to not require a larger downpayment in declining areas, originally they were going to require more of a downpayment in order to purchase homes in a declining market area - this move will allow the minimum downpayment of 3 or 5% to be put down.  D...

Missouri Housing Development Commission is not planning on releasing any first time home buyers bond money before October of this year unless something major changes in the Bond market, with that being our current market conditions I wanted to make sure everyone was aware of the mortgages that ar...

As 100% loans disappear in today's market place with the exception of VA and Rural Development, we all have seen the increased demand of the FHA product.  We also have seen situations where FHA is the best possible product that is out there even when the client has more than 3% to put down.  I th...

I always try to inform everyone of possible rules that can easily torpedo a transaction if you are not careful, in these times navigation of these rules is key and can have a great impact on even established relationships with your client should you not know them.  If you have a client who buys h...