Flat Branch Home Loans Announces Flex Funds
Columbia, MO – August 3, 2023 – Flat Branch Mortgage, Inc., also known as Flat Branch Home Loans, a Midwest-based mortgage company established in 2005, has announced their newest program, Flex Funds.
Flex Funds is a program that has been in the works for months with heavy advocation from Flat Branch’s leadership team. This program functions as a grant to assist first-time homebuyers with closing costs or a down payment.
With Flex Funds, buyers can receive up to $4,000 in assistance toward closing costs or their down payment. Closing costs are the fees associated with a home loan, and the down payment is the initial payment made on the loan.
In order to use Flex Funds, the home purchase must be a single family residence, a primary residence purchase, purchaser must be a first-time homebuyer (as defined by Fannie Mae), purchaser’s income must be at or under 80% of the area medium income, purchase must be Fannie Mae Home Ready eligible, and borrower must meet 3% minimum required contribution.
With over 640 employees, Flat Branch Home Loans is quickly growing as a dominant mortgage company in the Midwest. Flat Branch Home Loans employees live, work, and play in the communities they serve, and consider every borrower they work with family, not a file.
At Flat Branch, we believe in making the homebuying process easier. Programs like Flex Funds allow homebuyers to achieve homeownership and build wealth. We look forward to a future of new programs that make homebuying more affordable and accessible to our community members.
