mo: Mortgage Approval After Bankruptcy - St. Louis and Kansas City MO - 04/21/16 11:58 PM
Mortgage Approval   
After Your
St. Louis, Kansas City
Springfield, Columbia
and Missouri
You Are Not Alone
I recall the feelings that ran through me when I felt compelled to file for a Chapter 7 bankruptcy, I felt as though I was an outcast and ashamed that I could not handle my obligations. For a very long time I barely admitted it to myself much less my friends.
Now I realize that I did not have a solid handle on my finances and it took a couple small set backs to put me into the position of bankruptcy. … (3 comments)

mo: Down Payment Help and Options - St. Louis MO - 03/22/16 05:42 AM
How much do I need for Down Payment?    
Is There a Zero Down Payment Mortgage?
What is the Minimum Down Payment?
Do I have to have 20% down payment?
These are very typical questions regarding down payment that I hear every day as a mortgage loan officer. There is a lot of misunderstanding and lack of knowledge when it comes to mortgage down payment, especially so within the media. For instance, you do not need 20% down payment to purchase a new home.
There are two great mortgage programs that allow for a ZERO down payment, that's right zip, nada, nothing, etc. … (2 comments)

mo: Bad or Poor Credit? The Secret to a Mortgage Approval - 03/01/16 11:12 AM

Getting a mortgage approval for home buyers with credit scores that some would judge as POOR or BAD is easier than what you have heard or would think!
Did you know?  That FHA allows for mortgage approval down to a 500 credit score? A 10% down payment is required but it is possible, in fact last year I helped two home buyers that had credit scores in the 540 range get approved to purchase a new home! If your credit scores are below 580 you will be required to put down 10% as a minimum for an FHA mortgage.
Getting a new home financed … (1 comments)

mo: St. Peters MO House for Sale - 4 bedrooms - Finished Basement - 3 Bath - 02/13/14 04:11 AM
This wonderfully large home at 3 Sherri Lane in St. Peters MO 63376 can be found in the Brookmount Subdivision only a few minutes from the St. Peters Rec-Plex, maybe even a short walk when the seather permits. Are you looking for a house with 4 bedrooms, 3 full baths, and a large finished lower level?
Your new home is located in the Ft. Zumwalt School District, where you children will attend the new and highly rated Ft. Zumwalt … (2 comments)

mo: HARP 2 Refinance - Help for Underwater Mortgages in St. Louis MO - 11/04/13 02:21 AM
The New HARP 2.0 Refinance
Help for Underwater Mortgages for Homeowners in the St. Louis MO and St. Charles MO area!
The HARP or Home Affordability Refinance Program has made a small but significant change that will help more homeowners in the St. Louis and St. Charles area, really all of Missouri, refinance their underwater mortgages.
Harp was started in April of 2009, also known as the Home Affordable Refinance Program HARP is designed to allow responsible homeowners to take advantage of lower mortgage rates and payments, even if you owe as much … (0 comments)

mo: What is the FHA 203k Renovation Loan? - 06/24/12 11:02 PM
Foreclosures and distressed homes has represented over 1 in 3 homes sold in the St. Louis and St. Charles Missouri area for the past several years. We have all become very aware of HUD foreclosures, HomePath, REO, Bank Owned, Short Sale, and all the terms and definitions of today's housing market.
What I hear all the time is; 'what is a FHA 203k?', a mortgage loan program that has been around for decades and has helped thousands of home buyers is still a very misunderstood source to help you purchase a new home. I still hear a lot of misconceptions about … (1 comments)

mo: Home Remodeling and Improvement Loans in St. Louis and St. Charles Mo - 06/17/12 10:45 PM
With interest rates so low Home Remodeling or Home Improvement loans are becoming very popular again. You have owned your home in the St. Louis and/or St. Charles Mo area for a long time, a short time or some where in-between and you are considering making improvements to the home. You have many choices available to you as to how to pay for this expense, you can use your own savings, put it on a credit card, use your contractor's financing, get a home equity line of credit, or you can refinance your current mortgage and receive the money to fix … (3 comments)

mo: USDA Rural Development Mortgage in Missouri - Buying a new home with Zero Out of Pocket Expense - 10/16/11 08:31 AM

Are you looking to purchase a home in a rural community, but wondering where to begin looking for help with a home mortgage? Good News! The U. S. Department of Agriculture (USDA) has a home loan guarantee program that can help you obtain a home loan mortgage. The USDA Rural Development mortgage program offers to qualified borrowers residential home loans in rural communities. With the help of this mortgage program you can be living in a new home with little or NO MONEY DOWN!

Established in 1949, the USDA Rural Housing Loans program of the US Department of Agriculture … (0 comments)

mo: Getting a new home with low income and/or poor credit - St. Louis and St. Charles MO - 08/10/11 08:09 AM
Home Loans for Those with Poor Credit and Low Income – St. Charles and St. Louis Missouri
A low income coupled with a poor credit history does not necessarily make you ineligible for a home loan. Please, notice I used the word Poor and not Bad. Bad credit can stop you from getting a mortgage now but possibly not later down the road.
Steady Employment and Salary Requirements
Most often, because it is indeed a different way of life, loans for folks with bad credit and low incomes are more often used in rural communities, but not always, first … (4 comments)

mo: Underwater Mortgage Refinance Options in St. Charles, St. Louis and Missouri - 08/02/11 05:22 AM

Refinancing your underwater mortgage, you do have options! Is your home underwater? You would like to refinance to a lower interest rate, save money every month, or shorten the term of your mortgage? There are just a few options available to home owners who has a mortgage that's underwater in St. Charles, St. Louis and the entire area. If you live in Missouri I may be able to help you.
With the steep drops in home values in recent years, many homeowners in the St. Louis Mo area and Missouri who would like to refinance their mortgage to take advantage … (0 comments)

mo: VA Mortgage Help in St. Louis, St. Charles, Missouri - 07/26/11 01:01 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)

mo: FHA - Closing Costs and Down Payment Help - St. Charles and St. Louis Mo - 07/22/11 09:24 AM

Your money will help you more when it is in your pocket and not the pocket of your mortgage lender. Most home buyers today whether they are first time home buyers or move up buyers are finding it difficult to keep their savings or coming up with the funds to close or for the down payment.
Are you a First Time Home Buyer? Move Up Buyer? Are you looking for a low down payment mortgage program? Do you need the seller of your next new home to pay for closing costs? Are you going to utilize FHA, USDA/Rural Development … (0 comments)

mo: FHA Mortgage Help and First Time Home Buyer Do and Don't Top Ten - 06/20/11 09:40 AM
Are you a first time home buyer? Are you buying a new home in St. Charles, St. Louis or anywhere in the State of Missouri. Here is some help not only for FHA mortgages but for anyone getting a new mortgage.
I have been a Mortgage Loan Officer in the St. Louis and St. Charles area for nearly 20 years and here are some of my TOP Do's and Don'ts for a First Time Home Buyer, FHA Mortgage or anyone buying a new home in Missouri.
This isn't your typical list but it is the Top 10 of what I have … (0 comments)

mo: The FHA 203k Equity Plan for First Time Home Buyers - 02/02/11 12:53 PM
FHA 203k for First Time Home Buyers!
Are you a First Time Home Buyer? Have you been looking at the houses on the market in St. Charles, St. Louis or else where in Missouri and feeling a bit let down?
Nearly every day there are first time home buyers purchasing a home and settling for less than what they wanted. Why is that? Sure, the market of available homes is made up of mostly foreclosures, distressed properties, aged and outdated houses, that perfect home is difficult to find if not impossible. That is only part of the problem, too many first time home buyers settle for a not so … (0 comments)

mo: Bridgeton Custom Ranch Home 4 bedrooms, 3 car Garage Is For Sale! - 09/28/10 08:28 AM
What a great Custom Ranch in Bridgeton and the Pattonville School District! Have your own private park like backyard, great for Bar-Be-Ques or just relaxing. Enjoy a large deck that backs to a tree filled lot with a whole lot of space. Your walk out unfinished basement is waiting for your touches to make this home even more beautiful.

 Located near major highways and convenient to just about anywhere in the area. Have children, this home is located in the Pattonville School District! Four Bedrooms, three car oversized garage, 2.5 baths, 42'coustom maple cabinetry, ceramics tile and stainless steel appliances.

Bob Rutledge, FHA 203k - USDA - FHA - Down Payment Assistance (USA Mortgage)

Bob Rutledge

FHA 203k - USDA - FHA - Down Payment Assistance

Saint Louis, MO

More about me…

USA Mortgage

Address: 12140 Woodcrest Executive Drive, Suite 150, St. Louis, Mo, 63141

Office: (314) 628-2218

Mobile: (314) 913-9678

Email Me




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