[SAINT LOUIS, 11/13/2017] – Individuals who wish to buy a home in need of repairs can take advantage of Top Flite Financial, Inc.’s 203K loans. These loans will allow the buyer to afford the house as well as pay for the necessary renovations. Its 203K loans have minimal down payment requirements and competitive rates.

Quick Processing

Top Flite Financial, Inc. makes the home loan process easier through four simple steps. First, customers will complete its 203K loan qualifier. Second, they will receive options based on their criteria and circumstances. Third, Top Flite Financial, Inc. will guide them in comparing mortgage interest rates and terms. Its team will help customers see the differences between various loan programs. Finally, customers will choose the offer that best fits their needs.

Contingency Reserves

Most of the time, 203K loans include an up to 20% contingency reserve that will allow buyers to complete the remodel in case repair expenses exceed the estimated amount. Moreover, the loans usually include a provision that allows for up to six months of mortgage payments so buyers can live elsewhere during renovations and still pay the mortgage on the new home.

Top Flite Financial Inc.’s Other Loans

The company also offers 15- and 30-year fixed rate mortgage that has a constant interest rate and monthly payments. Individuals who need funds that exceed limits set by Fannie Mae and Freddie Mac, meanwhile, can opt for Top Flite Financial, Inc.’s jumbo loans. Compared to other loans, however, its rates are higher because they entail a higher risk. FHA loans, VA loans, and USDA loans are available, as well.

About the Company

Top Flite Financial, Inc. is a premier Fannie Mae Direct mortgage lender serving St. Louis since 2002. It offers personalized mortgage and loan options with low-interest rates and fast, customized quotes. The company values integrity, ethics, excellence, and dedication. Its experienced staff is knowledgeable in every aspect of mortgage lending and is dedicated to meeting the client’s needs.

Visit https://topflitestl.com for more information.