I recently read an article by Darren Stewart about the possibility of purchasing a home with no money down and no monthly mortgage insurance. Missouri's USDA Rural development program is still a wonderful program for buyers that are short on down payment money. Here's a short version of his post.
Communities such as Ozark, Repubic, Willard, Rogersville, Strafford, Bolivar and Fair Grove are eligible for this program. Springfield, Nixa and Battlefield Missouri are not eligible
Interest rates are 30 year fixed morgages, no payback penalties or tax recapture for the Guaranteeed Program.
Read Darren's post.
I am a Certified Distressed Property Expert specializing in short sales.
I service the following towns in the Springfield area: Springfield, Ozark, Nixa, Rogersville, Republic, Clever, Billings, Willard, Battlefield, Sparta, Highlandville, Spokane, Marshfield, Ash Grove, Strafford, Fordland, and Greene, Christian and Webster Counties in Missouri.
For information on Springfield Mo real estate visit: www.kayvankampen.com.
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Kay Van Kampen | RE/MAX Solutions. Springfield Mo 65721
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Kay, USDA is still a popular loan program in our market, it has helped many qualified buyers to buy their new home.