Midwest American Mortgage

'Let Our Experience Work For You!'

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FAQ

We are purchase specialists! - offering up to 100% financing!

We help conventional and slow credit borrowers.

USDA 100% Rural Development Loans

Reverse Mortgages, Construction and Investor loans.

We can also do 203k purchase/ rehab loans with up to $35,000 to improve the home you are buying!

Let us help you today!

Midwest American Mortgage offers a wide variety of loan programs to meet your needs. Our experienced, professional staff is here to help. Here is a brief sample of our products: Conventional loans up to 97% LTV. USDA and VA loans up to 102% LTV. FHA loans up to 97% LTV. 203k Purchase/Rehab loans give you up to $35,000 over the price of your home for improvements Non-Conforming loans have a variety of LTV's. We of course offer Automated Underwriting for instant approvals. We also have Traditional, Manual Underwriting for loans that need a little special attention. Investor loans. Commercial Loans range from $50,000 and up. We have a simple application process, and low closing cost programs. Construction loans are one time close. Some have custom draw schedules.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $225,000 with closing costs of $4,500. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $600,000 with closing costs of $12,000. Your actual APR may be different depending upon these factors.

Do you need to get out of an adjustable rate mortgage?

We are approved by the Ohio Housing Finance Agency (OHFA) for their bond program to refinance you into a safe fixed rate loan!

We are a HUD approved lender for FHA & VA, and we also do USDA loans.