The Pioneer Building
510 Francis, Suite 220
St. Joseph, MO 64501
(816) 233-3770
(816) 271-8996 (pager)
(816) 233-5299 (fax)
EMail: downer@stjoseph.net
TOTAL MORTGAGE SERVICES
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Conventional Loan Questions and Answers
- How much money do I need for a down payment?
- Total Mortgage requires only a 5% down payment.
- What if I don't have enough money for closing costs?
- You can use a gift of money from a parent or relative.
- Can the seller pay any of my closing costs?
- Yes, a seller can pay up to 3% of the sale price towards your closing costs.
- Does a house on a conventional loan have to be in perfect shape?
- No, a conventional loan allows you to buty a house that isn't in perfect shape.
- How much money do I need to put as a down payment in order to avoid mortgage insurance?
- 20%
- Can I buy a house and get extra money to fix it to my satisfaction?
- Yes, Total Mortgage has a program to fit this situation.
- Does Total Mortgage do construction loans?
- Yes, we have some of the lowest interest rates in town.
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