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					 HOME TURF
LOAN PROGRAM




       HOME
       OWNERSHIP
       PLAYBOOK




               MEMBER FDIC
                       WHEN IT COMES TO ACHIEVING YOUR GOAL OF HOME
                       OWNERSHIP, WE KNOW YOU HAVE WHAT IT TAKES. AND WHEN
                       YOU TEAM UP WITH METCALF BANK’S HOME TURF LOAN
                       PROGRAM, YOU GIVE YOURSELF THE HOME FIELD ADVANTAGE.
                       Keep reading and you’ll get a play-by-play look at how Home Turf helps you tackle
                       the financial obstacles by establishing a home ownership game plan.




                                        OFFICIAL BANK OF THE



Equal Housing Lender
                                                                                                           MEMBER FDIC
HOM E TUR F PRO GRA M




                        1     A TEAM E
                                       FFORT
                              Our team of se
                              professionals
                                            as    oned mortgag
                                                                  e                                                                           2          KEY STATS
                                             is led by Head
                             Coach Beverly                                                                        Home Turf Loan Pr
                                              Smith, who pu                                                                        ogram Details:
                                                              ts
                             her 17 years of
                                               experience in
                                                               the                                                   MAX LOA N
                             mortgage busi
                                                                       Beverly Sm                                                                  $150,000
                                            ness to work fo
                                                                                 ith                                 AMO UNT:
                                                             r         Beverly is
                                                                                  married, a
                            families like yo                          four, gran             mother of               DOW N
                                             urs ever y day.                      dmother of                         PAY MEN T:
                                                                      Kansas City            eight and                                            - Low down payment*
                                                                                   resident fo         a                                                                                  (home purchase onl
                                                                                              r 33 years.
                                                                                                                                                                                                            y)
                            Beverly and th                                                                          LOA N
                                           e team
                                                will tackle any                                                     TER MS:
                                                                                                                                                 - Multiple fixed rat
                                                                                                                                                                     e terms available
                        have, and equi                          questions or co                                                                  - Purchases and ref
                                        p you with all                           ncerns you                                                      - No cash out
                                                                                                                                                                    inances
                                                        the tools, reso
                        you need to es                                  urces and info                             CLO SIN G
                                       tablish your ho                                 rmation                     COS TS:
                                                        me turf right he
                                                                                                                                                 - A normal closin
                                                                                                                                                                    g costs paid for by
                                                                         re in Kansas C
                                                                                        ity.
                                                                                                                                                   Metcalf Bank, includ
                                                                                                                                                                        ing:
                                                                                                                                                     - Home inspection
                                                                                                                                                    - A raisal

                                                                                                                                                - Prepaid expenses
                                                                                                                                                                    (up front real
                                                                                                                                                  estate taxes and hom
                                                                                                                                                                      eowners
                        “Havi ng a teamm ate you can trust is an
                                                                                                                                                  insurance) to be pai
                                                                                                                                                                       d by the
                                                                                                                                                 bo ower, the se
                                                                                                                                                                    er or gifted
                        essent ial part of your home owne rship                                                  ELIG IBLE
                                                                                                                 PRO PERTIES :                - Single family, own
                        game plan. Call us today to get start ed.”
                                                                                                                                                                  er o upied,
                                                                                                                                                primary residences
                                                                                                                                                                   only ‡
                                                                                                                                              - S map on other
                                                                                                                                                                side for Home Turf
                                                                                                                                                boundaries
                                                                 - Be ver ly Sm ith
                                                                                                            * Acceptable sources of the down
                                                                   816 -52 1-2 54 3                                                           payment are: your own funds, gove
                                                                                                              relative. All normal and customary                                  rnment assistance program, or gift
                                                                                                                                                 costs will be paid by Metcalf Bank                                  from a
                                                                                                            ‡ Leasehold properties not eligib                                      . Prepaid expenses to be paid by the
                                                                                                                                             le. Manufactured housing not eligib                                        borrower.
                                                                                                              permanent chassis and attached                                      le (Defined as any dwelling unit
                                                                                                                                               to a permanent foundation syste                                     built on a
                                                                                                                                                                                  m).
                                                                                                                EXTRA POINT:
 3
        ELIGIBLE
        RECEIVERS                                                                                               The Home Turf
 Check out the list below to make sure you’re eligible to receive                                               program was
 a Home Turf Loan:
                                                                                                                designed to
         Borrower must be a U.S. citizen or a permanent resident
         alien – documentation required                                                                         help you even if
         Income level at or below 80% of the area median income∞
                                                                                                                your credit has
                                                                                              §
         Six months of consecutive employment required
                                                                                                                experienced some
         Foreclosure, deed in lieu or bankruptcy must be discharged
         for two years                                                                                          unnecessary
         Borrowers purchasing a home must complete a homeowners                                                 roughness in the
         education course
                                                                                                                past. Ask your Loan
         Non-occupant co-borrowers will be considered
                                                                                                                Coach for details.

∞ 2010 Area Median Income figure is $70,500.
§ Additional part-time employment and/or overtime income will be considered in the total of the maximum
  income level requirement. This type of income can be used to qualify the borrower if the employer verifies
  that the borrower has received such income for the last six months. An average of such income over the last
  six months must be developed to determine the amount of income that can be considered.
                                                                                                                www.HomeTurfLoans.com
4   THE PRE-GAME
    MEETING
    Before you blitz the Kansas City area with your home
    search, set up a pre-game meeting with a Metcalf Bank      6   TH E FI EL D O F PL AY
                                                                                       Loans
    Loan Coach to solidify your game plan and equip yourself                                bounds. Home Turf
                                                                   Don’t get caught out of                        the
    with all the information you need:                                                    single family homes in
                                                                   are only available for                          mary
                                                                                           me refinance of your pri
                                                                   area outlined below. Ho
                                                                                              hin this same area.
        Understand how much you can afford                         residence is available wit
        Understand all the costs
                                                                             Missouri River
        Get Pre-Qualified
        Schedule a homeowner education course (if required)



5
    SPECIAL TEAMS
    Team up with a trustworthy Real Estate Agent to give                                                    HOME
                                                                                                            TURF
    yourself the home field advantage. They’ll help you:
                                                                                                            FIELD




                                                                                              Troost Ave.
                                                                                                            OF PLAY
        Tailor your home search to qualifying properties
        and neighborhoods
        Provide objective information about each property
        Negotiate a good price
        Identify potential problems
        Guide you through the closing process
   7     ESTABLISH THE WINNING DRIVE
         When your offer is accepted, contact your Loan Coach. We’ll handle most of the blocking and tackling from here:



The Good Faith Estimate                    The Home Inspection                           The Appraisal                    The Title Company
    A ‘Good Faith Estimate’         Metcalf Bank will order and pay for a        Metcalf Bank will order and pay           The title company will
  will be created to help you      professional home inspection to ensure        for the appraisal of the property    ensure the title is free and clear.
estimate how much you’ll need     there aren’t defects that affect the safety,    to ensure it is indeed worth the   In most cases you will close your
        on closing day.             liability or resale value of your home.              value of the loan.                 loan at their office.




     8    PROTECTING                                                                       E X T R A P O IN
          YOUR POCKET                                                                                       T:
          Don’t forget that you’ll need homeowners insurance                               AS PART OF THE HOME TURF
          before closing day to protect you in case something                              PROGRAM, WE’LL PAY FOR:
          happens to your home. It’s always smart to compare
          at least two or three reputable companies to make                                • ALL NORMAL
          sure you’re getting a fair price.                                                  CLOSING COSTS
                                                                                           • THE HOME INSPECTION
                                                                                           • THE APPRAISAL


                                                                                              See bank for details
TAKE IT
TO THE HOUSE
Closing day can be nerve racking, but if you’re
prepared, you’ll be high stepping it to the closing table.
Contact Metcalf Bank to learn more today:

816-521-2543
www.HomeTurfLoans.com




           OFFICIAL BANK OF THE

				
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posted:8/24/2012
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