Explore De Soto County, MS

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By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
A big THANK YOU for everyone who voted for us in Desoto and the surrounding counties. Last Saturday, the "2013 Best of Desoto County" was published - - and Fairway Mortgage was voted 2013 Best Mortgage Company in Desoto County!  This is the annual "Best of Desoto" through the Desoto Times paper....
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 2
For the third time in a row, the USDA eligibility map changes have been postponed.  This time until 09/30/2014. This is GREAT news for Desoto County and other counties in Mississippi where USDA loans are widely popular!!  Although the issue has not been resolved, but yet just "pushed down the roa...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
Great News! The Continuing Resolution was passed, so the USDA eligibility maps will remain unchanged until September 30, 2013. This is great news for individuals wanting to purchase a home using the USDA loan. The map below is the existing eligibility map for Desoto County - to include Shelby Cou...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 2
On October 18, 2012, USDA announced some new guideline changes regarding “Outbuildings and Property Eligibility” that you should be aware of – please click link for further information.   “New Things You Should Know About USDA”   (1)    Site and Building Requirements –   a. Farm related property ...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
***The map changes have been postponed until 03/27/2013***   As many of you may know, there will be an adjustment to the USDA eligibility maps effective 10/01/2012. The effective date will be based upon fully executed sales contracts (signed by both buyer and seller) dated no later than 09/30/201...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
New and Improved USDA Refinance Pilot Program is available for the following States: AL, AZ, CA, FL, GA, IL, IN, KY, MI, MS, NV, NJ, NM, NC, OH, OR, RI, SC and TN. A few days ago interest rates hit the lowest level in recorded history – and because of this, many homeowners may be able to reduce t...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 16
                                                               After attending the "second" Fairway Mortgage BOOT CAMP in Kansas City, I am proud to annouce that I have earned the MMS - Military Mortgage Specialist designation. The objective of Fairway Independent Mortgage Corp in offering the de...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
Did you ever wonder if a loan officer is actually licensed or not?  The NMLS or “Nationwide Mortgage Licensing System & Registry” offers a free service for consumers to confirm that the mortgage company or mortgage professional they are working with is “authorized” to conduct mortgage business in...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
  Earning the CMHS - Certified Military Housing Specialist designation indicates a significant knowledge base that active duty service members and Veterans can rely upon for prompt and accurate service of their housing needs. Certified Housing Professionals also adhere to specific Standards of P...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 1
Congratulations to Fairway Independent Mortgage Corp for ranking #11 in the TOP 100 Mortgage Companies in America in 2011 by Mortgage Executive Magazine.   Here is the link to the list - TOP 100 Mortgage Companies             For more information please contact DOUG CAPPS at (662) 429-5100 ext. ...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
Per FHA Mortgagee Letter 2012-03, FHA will be adopting a few more changes effective 04/01/2012.  One of the changes is regarding collection accounts.  This could impact many borrower’s ability to qualify or possibly delay a borrower in qualifying for the FHA loan.   Excerpt below:                ...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 1
As you may know by now,  FHA mortgages are about to get a bit more expensive. In its announcement, the FHA said it would increase its annual mortgage insurance premium by 0.10 of a percentage point for loans under $625,500, which would now cost 1.25 percent of the loan amount, up from 1.15 percen...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
  Effective 01/18/2012, the Household Income Limits were increased for the USDA Guaranteed Rural Housing loan for the State of Mississippi. 1-4 person household:  $74,750 (increased from $74,050.00) 5-8 person household:  $98,670  (increased from $97,750.00)   This applies to ALL Mississippi Coun...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 2
If you are interested in purchasing a new home, then don't forget about the Home Loan Plus Grant!  The MS Home Corp Home Loan Plus provides grants up to $14,999.00 to qualified low income individuals to purchase homes. Currently, there is over $3.4million available for grants.  Restrictions and ...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
    The MS Home Corp Home Saver program assists homeowners by making mortgage payments who have lost their job or experienced a reduction in income through no fault of their own due to the economy and are at risk of default or losing their home to  foreclosure.  Restrictions apply.   Click the fo...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
    54th Annual Hernando Christmas Parade   DATE: 12/5/2011 (Postponed until 12/12/11) TIME: 6:30 PM to 8:30 PM Join us for the Hernando, MS 54th Annual Christmas Parade, which will feature more than 100 entries with floats, cars, marching bands, horses, fire trucks and of course, Santa! This yea...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 0
Finally some good news for Veterans! On November 21, 2011, the President signed HR 674 which reduces the VA Funding Fees associated with VA Home Loans. This new fee structure will be in effect for loans closing after 11/22/2011 until 09/30/2016. This will help reduce costs for Veterans purchasing...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 3
  The USDA Guaranteed Rural Housing (GRH) loan program has seen some recent changes which became effective 10/1/2011 – decreasing the Funding Fee back to 2.00% and the implementation of a new Annual Fee (much like monthly mortgage insurance).  Even with these changes, the USDA GRH loan is one of ...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 2
USDA UPDATES   USDA has advise in an unofficial memo, that effective 10/1/2011, USDA will not issue “subject to conditional commitments” as they normally do every year. They have funds that will last through the end of the month, so all loans with conditional commitments by 9/30/2011 will be ok, ...
By Doug Capps, MMS, CLO, CRMS
(Fairway Independent Mortgage Corp.)
Comments 1
Some good news...  VA will be reducing the funding fees for Veterans.    Changes to VA Funding Fee        Subsequent Use of Entitlement for all:   ·         Loans closed from 10/01/2011 – 09/30/2012 = 2.8% ·         Loans closed from 10/01/2012 – 09/30/2013 = 2.15% ·         Loans closed on and a...

De Soto County, MS Real Estate Professionals