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:
  • 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
Eligibility Criteria:
  • 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.


Apply Now

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