Doug Capps

According to a recent lender notice, a direct final rule was published by the Federal Register to simplify the USDA Rural Housing income limit structure. These income changes will become effective January 20, 2009 UNLESS adverse comments are received by January 5, 2009.

Until final acceptance and implementation of these proposed new income limits, the current limits below will be utilized.

For more information about the USDA Guaranteed Rural Housing Program, please contact DOUG CAPPS at (662) 429-5100. Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS, "A MS and TN Licensed Mortgage Company"

1. Jeff Farnham, CMC, CRMS - JTS & Co., Columbus, MS
2. Doug Capps, CRMS, MRMS - Fairway Independent Mortgage Corp, Hernando, MS
3. Dan D'Amico, CRMS, MRMS - AMS Mortgage, Madison, MS
4. Vickie Graves, CRMS, MRMS - AMS Mortgage, Madison, MS
5. Kenneth McNeal, CRMS, MRMS - Gum Tree Mortgage LLC, Tupelo, MS
6. Sharon Bradford, MRMS - Intergrity Mortgage Center LP, Natchez, MS
7. G. Richard Munton, MRMS - Prime Mortgage Inc., Hattiesburg, MS
8. Aaron Patten, MRMS - Integrity Mortgage Center LP, Natchez, MS
9. Angela Richardson, MRMS - Allied Home Mortgage, Southaven, MS
10. Jim Shirley, MRMS - Gum Tree Mortgage LLC, Tupelo, MS
11. Tim Tubb, MRMS - CMI, Shannon, MS
12. Ken Williams, MRMS - Gum Tree Mortgage LLC, Tupelo, MS
13. Robert Blake - Bay City South Mortgage Co., Ridgeland, MS
14. Charles Bouldin - Assurance Mortgage, Tupelo, MS
15. Amanda Brown - Prime Mortgage, Inc., Lucedale, MS
16. Melissa Butler - Gum Tree Mortgage LLC, Tupelo, MS
17. Shelly Capps - Fairway Independent Mortgage Corp, Hernando, MS
18. Eric Cole - Gum Tree Mortgage LLC, Tupelo, MS
19. Sandra Cutrer - Eagle Mortgage, Inc., Poplarville, MS
20. Diane Goolsby - AMS Mortgage, Madison, MS
21. Melissa Hudspeth - Assurance Mortgage, Tupelo, MS
22. Sheila Kelly - Gum Tree Mortgage LLC, Tupelo, MS
23. William Lott - Prime Mortgage, LLC, Greenwood, MS
24. John-Michael Marlin - Gum Tree Mortgage LLC, Tupelo, MS
25. Owen Munton - Prime Mortgage Inc., Hattiesburg, MS
26. Wanda Munton - Prime Mortgage Inc., Hattiesburg, MS
27. Nathan Porter - Gum Tree Mortgage LLC, Tupelo, MS
28. Sharon Rice - New South Mortgage, Hattiesburg, MS
29. Andrea Rutherford - Gum Tree Mortgage LLC, Oxford, MS
30. Jonathan Shows - New South Mortgage, Hattiesburg, MS
31. Alice Staten - Prime Mortgage Inc., Hattiesburg, MS
32. Gina Tamoglia - Allied Home Mortgage, Southaven, MS
33. Catherine Turner - Assurance Mortgage, Tupelo, MS
34. Glenda Webster - Assurance Mortgage, Tupelo, MS
35. Ken Williams - Gum Tree Mortgage LLC, Tupelo, MS
36. Anthony Zepponi - Mississippi Home Loan Mortgage LLC, Greenville, MS

A "Mississippi and Tennessee Licensed Mortgage Company." Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632.

For more information about the USDA program or additional loan programs, please contact Doug Capps at (662) 429-5100 Ext. 105. Loan subject to credit approval and compliance with investor guidelines. Ranking was based on last quarter 2008 loan origination statistics.

Features of the Down Payment Assistance Program:

• (1st Mortgage) FHA, VA, or RD qualifying guidelines.
• (2nd Mortgage) Interest rate of 1st Mortgage, 10-year fixed rate, no prepayment penalty.
• Maximum down payment assistance is 3% of loan amount (not sales price).
• Sales price of property being purchased or built must be at or below $198,000.
• Down payment assistance can be used for down payment and closing costs (no pre-paid fees).

Who is Eligible:

• First-time homebuyers or applicants with low to moderate income not to exceed County Income Limits.
• NO first-time homebuyer requirement in TARGET areas - refer to DPA map.
• Applicants who meet the credit eligibility requirements as determined by FHA, VA or USDA guidelines.
• Acceptable credit profile.

Program Requirements:

• Household incomes do not exceed the program's income limits.
• Applicants with no more than $4,500 in liquid assets.
• Property must be owner occupied.
• Property must be primary residence.
• $200.00 reservation fee cannot be paid by the buyer

Property Requirements:

• Owner occupied.
• Single family detached.
• Single family attached.
• Approved townhomes or condominiums.
• Permanently affixed manufactured homes.

Know your mortgage options!!! 100% Financing is still alive and well through the USDA Guaranteed Rural Housing Program! Income limitations and property location restrictions DO apply.

For more information about the USDA Rural Housing Program, please contact DOUG CAPPS at (662) 429-5100. Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS is a "Mississippi Licensed Mortgage Company."