Doug Capps's Blog

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Mortgage and Lending - Guaranty Bank & Trust Co - NMLS ID #68160
RECENT BLOG POSTS
As many of you are aware, there are many Lenders that have ceased originating and funding USDA Rural Housing loans until funds for the USDA program have been appropriated. Fairway Mortgage has (2) Investors that will allow us to continue funding USDA loans regardless of the funds appropriation.  ...
02/16/2009
The USDA newsletter, December 2008 came out today and Fairway Mortgage was ranked #10 in the entire State of Mississippi for originating USDA Guaranteed Rural Housing loans!!  And we accomplished that with only ONE branch and 3 originators!!!  For such a small office, this is a HUGE ACCOMPLISHMEN...
12/22/2008
LIGHTING OF THE CHRISTMAS TREE Date:  December 06, 2008 Location:  Courthouse Lawn A new tradition for Hernando's historic downtown, the inaugural "Lighting of the Christmas Tree" on the scenic Hernando Court Square - hosted by Hernando Main Street.  There will be carolers and festive music on t...
11/22/2008
Why use USDA Guaranteed Rural Housing? The 100% Guaranteed financing offers your clients the most affordable payment, least out of pocket costs and a competitive interest rate! NO down payment NO first-time homebuyer requirement NO maximum loan limit NO monthly mortgage insurance NO limit to sell...
11/18/2008
All lending institutions are NOT created equal! When you look across the lending spectrum, there are many differences that many people are not aware of. #1 - Loan Options Most people know very little about mortgages and even what it takes to qualify for a specific mortgage, say FHA versus VA, Con...
11/12/2008
It's not late - Honor a Veteran and tell them about the City of Southaven's Annual Veteran's Luncheon In observance of Veteran's Day, Tuesday, November 11, 2008 Mayor Greg Davis and the City of Southaven will host the Annual Appreciation Luncheon in honor of military veterans. The luncheon will ...
11/11/2008
According to a recent lender notice, a direct final rule was published by the Federal Register to simplify the USDA Rural Housing income limit structure.  These income changes will become effective January 20, 2009 UNLESS adverse comments are received by January 5, 2009.  Until final acceptance a...
11/07/2008
Jeff Farnham, CMC, CRMS  -  JTS & Co., Columbus, MS Doug Capps, CRMS, MRMS  -  Fairway Independent Mortgage Corp, Hernando, MS Dan D'Amico, CRMS, MRMS  -  AMS Mortgage, Madison, MS Vickie Graves, CRMS, MRMS  -  AMS Mortgage, Madison, MS Kenneth McNeal, CRMS, MRMS  -  Gum Tree Mortgage LLC, Tupel...
10/28/2008
Features of the Down Payment Assistance Program: (1st Mortgage) FHA, VA, or RD qualifying guidelines. (2nd Mortgage) Interest rate of 1st Mortgage, 10-year fixed rate, no prepayment penalty. Maximum down payment assistance is 3% of loan amount (not sales price). Sales price of property being pur...
10/11/2008
In order make our Association more known, along with the local members, the Northwest District of the Mississippi Association of Mortgage Brokers (MAMB) is sponsoring a FREE class offering 2 hours of approved CEU's.  The class, FHA Basics for Realtors, will be taught by a HUD representative and w...
08/22/2008
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DougCapps

MMS, CLO, CRMS
local_phone(662) 298-0131
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