Darren Stewart

There is alot of confusion and alot of changes to this program for the first part of 2009 and I thought I would update this program here. MHDC has rolled out a program called TCAL or the Tax Cash assistance Loan financing option. This option allows first time home buyers that would normally receive a bond grant - get an advance on the IRS loan that first time home buyers qualify for under the stimulus package that was passed in 2008.

First time home buyers that have purchased a home have the ability to get a tax credit Loan for up to 10 percent of the purchase price of the house with a maximum of $7,500. This is a loan that has to be paid back in annual payments to the IRS.

In order to get this you must be a first time home buyer. MHDC is now doing an advance of money up to 6% of the purchase price to first time home buyers to purchase the home with MHDC getting paid back from the IRS loan that clients are obtaining, the other 4% difference from the IRS the client gets to keep.

I hope this quick explanation helps but many are confused on how this works, should you have any questions please feel free to contact me at 417 447 7927.

Darren Stewart

OakStar Bank

Southwest, Missouri is a great place to live, work and play our economy despite what the National media seems to be saying is diverse, and the opportunities that are coming together for 2009 are awesome! If you are thinking of buying a home I would encourage you to get in touch with a realtor to navigate the many homes on the market to choose from!

Opportunities for home financing are changing as well for the POSITIVE !!!! New sources of down payment funds for first time home buyers will becoming available in January and I am excited about the opportunities that first time home buyers have in Missouri in 2009.

Since there is some economic stimulus benefits available to Missouri Home buyers this year most of these benefits will be changing after or during 2009 so keeping informed of the changes is paramount to make sure you make the most of your time and take advantage of buying NOW!

First time home buyers bond money, as new bond money is released in 2009 customers in certain counties do not necessarily have to be first time home buyers in order to qualify, this has been waved until the end of 2009 for Greene, Chrsitian, Webster, Taney and Stone counties, this means Bond money is available to first time home buyers and clients who previously owned a home or just sold a home.

The $7,500 tax credit loan that is available to anyone buying a house from April 2008 to May 2009 that allows for a 0% interest loan from the IRS for those who invested or purchased a home for the first time in that time period.

There will also be a loan that will allow access to those funds in advance so that those funds can go towards the closing costs and down payment that is set to come out in January and more details will be following-

Those that are outside the city limits of Springfield may look into the USDA financing option with the exception of Nixa, Battlefield and Springfield, this option is a 100% financing option with income restrictions getting more lenient coming January 20, 2009.

Opportunities abound in Southwest Missouri, there is a great inventory of homes on the market, if you have questions about any of these programs please feel free to contact me at 417 447 7927.

Darren Stewart

OakStar Bank

Rates dropped dramatically this week spurring refinance business and inspiring those buyers out there to move on the making a decision to purchase a home, after about 65 hours in the office this week its great to be resting up to begin the process of closing the business.

I wanted to continue to thank my many business partners here for your continued referrals that have allowed me to average more than a million a month for 2008 thanks to you I have seen business increase in this market, some of you are new business partners this year and some of you I have worked with for several years, I appreciate all of you, your trust, and your valued relationship.

In 2009 I am looking to double my production each month to increase business and allow for more clients to have the OakStar Bank Experience. We are a high volume, low cost mortgage office and we have the best team in Southwest Missouri.

Geographically I am located in Southwest Missouri but we are able to lend anywhere in the country with USDA and VA programs available in any state in the US along wtih conventional loans anywhere as well.

We were able to close a VA loan in the Dallas Ft Worth area this past week and we picked up more leads in the St Louis and Kansas City area, each time when compared to other lenders in those areas our closing costs and rates beat the competition.

No matter where you may be purchasing, if you would like to discuss home ownership, obtaining a mortgage whether your downsizing to a home you plan on retiring in or purchasing your lake home or buying your very first house, I would love the opportunity to assist you!

If you are a realtor and have yet to work with OakStar Bank I would love to spend some time talking to you about how we can increase your business as well in 2009 and let you know all of the many opportunities we have to finance your clients and the wide range of products that are still available and the new ones that will be coming up in 2009, there are some exciting things happening for home buying in 2009.

I look forward to helping you make 2009 your best year in this business.

Darren Stewart

OakStar Bank

417 447 7927

VA Loans - Anywhere in the Nation- great time to purchase on the VA loan program. Darren Stewart OakStar Bank, N.A.

VA Home loans are a great way to purchase a home, having been raised in the military I love working with Veterans all over the country in order to assist them in purchasing a home. We will be assisting a veteran this week in Texas and I have a couple going in my home state of Missouri.

We have the ability to close VA loans in any state in the United States, and are skilled at working remotely with your local closing offices, attorneys office and title companies. We strive to have the best rates and closing costs and I can be contacted to receive a free pre-qualification and good faith estimate provided in order to compare our closing costs and rates.

There are multiple ways to contact us should you need VA financing and I would be glad to answer any questions or if your thinking of using your VA benefit in the future please feel free to call me with any questions you may have about the VA home loan program.

I can be reached at 417 447 7927 directly.

My online application is located at www.oakstarbank.com bottomo right hand corner apply online and forward through the privacy disclosure for a quick app, you will see my name in the loan officer list and that will ring my cell after you submit the quick application this takes less than 5 minutes to get started online and is completely free to get the process started.

Thank you and I look forward to doing all I can to assist you in the purchase of your home.

Darren Stewart

OakStar Bank

417 447 7927

VA Loans - Anywhere in the Nation- great time to purchase on the VA loan program. Darren Stewart OakStar Bank, N.A.

VA Home loans are a great way to purchase a home, having been raised in the military I love working with Veterans all over the country in order to assist them in purchasing a home. We will be assisting a veteran this week in Texas and I have a couple going in my home state of Missouri.

We have the ability to close VA loans in any state in the United States, and are skilled at working remotely with your local closing offices, attorneys office and title companies. We strive to have the best rates and closing costs and I can be contacted to receive a free pre-qualification and good faith estimate provided in order to compare our closing costs and rates.

There are multiple ways to contact us should you need VA financing and I would be glad to answer any questions or if your thinking of using your VA benefit in the future please feel free to call me with any questions you may have about the VA home loan program.

I can be reached at 417 447 7927 directly.

My online application is located at www.oakstarbank.com bottomo right hand corner apply online and forward through the privacy disclosure for a quick app, you will see my name in the loan officer list and that will ring my cell after you submit the quick application this takes less than 5 minutes to get started online and is completely free to get the process started.

Thank you and I look forward to doing all I can to assist you in the purchase of your home.

Darren Stewart

OakStar Bank

417 447 7927