No Money down Home Loans Independence

No Money Down Home Loans Independence

Do you know that there are a few nice options for No Money Down Home Loans Independence, Jackson County Missouri area?  There are and I would like to reveal these choices to you.  But before we get into those options let's discuss getting pre-approved for a Home Loan first.

The first step in any mortgage process is getting pre-approved for a house loan.  Once you call our office (816) 268-4025 to get pre-approved, Alisa will usually answer the phone and will assist you with that.  She'll ask you for a lot of details about where you lived, where you have labored, how much cash you make in a 12 months and loads of other easy to answer information.  After that she'll run your credit score and then let you already know if there may be anything that will stop you for getting a loan or if you're good to go.  You can too get pre-approved on-line! (by clicking the link.)

Okay, Now on to these No Money Down Home Loans Independence

The first choice for you is the VA loan.

The VA Mortgage is a hundred percent financing, which implies that you don't have to make a down payment! This would not mean you will not have to pay some closing costs, however simply that your home is not going to require a 20% or 3.5% down payment.  This mortgage option is simply out there to those who have served in the armed forces for the required quantity of time. We may additionally help you find out in the event you qualify by serving to you get a duplicate of your COE or DD214, which will state your eligibility and your service time.  One other great point to know about the VA mortgage is that it is also backed by the US govt and insured by The VA. We are VA Loan experts and have tons of experience closing loans as a technique to say Thank you to our Veterans and Armed Forces.

The Second possibility for No Money Down Home Loans Independence is the USDA Home Loan.

This mortgage is also referred to as the USDA Rural Development as well. It also is One hundred percent financing as well.  To qualify for a USDA house loan you'll have to meet a few restrictions. The first one you'll have to satisfy is the earnings restrictions, you may see all those by clicking this link. The secound restriction that you may have to fulfill is the placement eligibility restrictions.  This mortgage was developed to help people buy houses in areas outside of cities, so you will need to ensure that your personal home is in an area accepted by the USDA - you can verify here. The USDA home Mortgage is a good mortgage and can assist you get into your property with no down payment, so test it out now!

As at all times try our web site for more information about who we're and what we do and get pre-approved earlier than the rest by both calling us (816)268-4025 or get pre-approved online with our safe website! (click the link - go ahead it's a great place to start!)