Missouri USDA Rural Development Loans
Are you ready to own a home but are not sure you will qualify due to lack of a down payment?
Our Rural Developement Loan may be able to help you!
Advantages:
Our Rural Developement Loan may be able to help you!
Advantages:
- 100% Financing opportunities to rural individuals and families.
- No Down Payment Required
- Can be up to 102% of appraised value
- You can finance closing costs and pre-paids and required repairs into the loan.
- Competitively priced 30-year fixed rate financing
- Minimal monthly mortgage insurance means you Qualify for a larger loan
- Flexible credit and qualifying guidelines
- Occupy the property as your primary residence
- Do not own an adequate home
- Do not have sufficient cash for a 20% down payment plus pay typical loan closing and relocation expenses.
- Be a U.S. Citizen, a U.S. non- citizen national or a "quialified alien".
- Provide stable and dependable income for repayment abillity.
- Have a credit history that indicates the willingness to meet obligations as they become due.
- Have an adjusted household income that is within Rural Developement guidelines based on a number of persons who will occupy the home.
- Purchase a residential property that is located in the Rural Developement Eligible Area.
