no down payment: USDA - Rural Development an Affordable Mortgage Option in Missouri
- 12/16/11 12:11 PM
Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan. USDA Rural Development mortgages stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms. In the State of Missouri a USDA Rural Development mortgage is the way to go if you are interested in an economical and obtainable home loan.
In the past many have referred to (0 comments)
no down payment: VA Mortgage Help in St. Louis, St. Charles, Missouri
- 07/26/11 08:01 PM
Missouri veterans prefers a A VA (Veterans Administration) guaranteed home loan over other loans. Why?For active, non-active, Reserve, National Guard, and retired military of the armed forces this loan is a great option because there is no down payment needed and no private monthly mortgage insurance required. What with the normally low interest rates and no mortgage insurance an eligible veteran can save money every month and/or qualify for more home.
VA mortgage loans can be used towards purchasing a home, building a home, or refinancing an existing mortgage.
We will discuss what role the VA plays in a VA (0 comments)
A Missouri USDA Guaranteed Rural Development Home Mortgage Loan is a flexible no down payment government insured program that is growing in popularity for rural areas of Missouri. It's designed to promote home ownership for residents with low to moderate incomes and who have limited savings for a down payment. The USDA loan will actually lend up to 103.5% of the home's appraised value and even allow the buyer to include closing costs in the actual loan (appraisal permitting). A common misconception about the USDA loan program is that it's for farmers, but you'll find many (0 comments)
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