Midland Mortgage Company

The Midland Mortgage Company also known as Midland Mortgage Corporation was established in the year 1982 by Mary Beth Dawson-Gillis. The Midland Mortgage Company main business activity involves facilitation of mortgage loan to individuals and corporates across United States of America.

This mortgage loan company is an industry leader in the mortgage loan business and its business is spread across whole of United States of America. In the last 25 years this Columbia based mortgage loan company has earned good reputation for being a quick and efficient mortgage loan provider. Midland Mortgage Company provides mortgage loans at competitive rates.

The processing of application starts as soon as a mortgage loan application is forwarded through registered post or over the Internet. The application is then forwarded to a home loan expert called 'Mortgage Consultant'. The mortgage consultant assesses the mortgage loan value through its aforesaid appraisal process. The parameters that are taken into to account during the process of appraisal of the home loan mortgage are as follows -

• Credit history - history of previous debts and their repayment
• Loan repaying capacity - mortgage loan repaying ability based on annual income and other existing loans
• Collateral - the value of the property you are buying or refinancing and are pledging as 'collateral' for the loan

Further, these loans are processed through modern tailor made underwriting software. The mortgage equity value is adjudged by means of these modern underwriting softwares. This is done to obtain an error free asset appraisal report.

Some of the important mortgage loan products and relevant important points associated with Midland Mortgage Company are as follows -

• First time home buyer
• Construction - Construction and permanent financing in one loan
• Renovation - loan based on completed repairs and payment is made to builder once repair is completed
• Veterans - 100% financing for 30 year at fixed rate of interest, 15 year fixed and 3/1 Adjustable Rate Mortgage
• 100% Conventional - 30 year at fixed rate of interest , 1 month to 10 year fixed period for Adjustable Rate Mortgage
• Interest Only - Interest only payment option for 1st 10 years, remainder of loan term fully amortizing
• No Income Verification required, minimum documentation at competitive rates
• 95% no monthly installments - 1st Mortgage Home Equity Line of Credit is based on prime rate
• Rural Housing - 100% financing for qualified property - 30 year fixed rate of interest or 2/1 buy down
• State Housing Loans - Down payment assistance, below market rates for qualified borrowers
• 80/20 Combo - 80% first - 20 % 2nd - 100% financing with no monthly installments
• Refinance - Rate and term to 95% LTV or cash out to 90% LTV
• Jumbo or Super Jumbo - Loan amount value which exceeds US$ 4,17,000
• Credit rewards - Outstanding credit & good equity are awarded according to property appraisal
• ARM - Adjustable rate mortgages which are fixed for 1, 3, 5, 7 or 10 years

The contact details of Midland Mortgage Company are as follows -

Midland Mortgage Corporation
1500 Richland Street
Columbia, South Carolina 29201

Tel: 803-765-1680 / 1-800-854-9484
Fax: 803-799-2694

Mortgage Calculator

Last Updated on 5/26/2011