Missouri USDA home loans, 100% financing with Grain Valley Home Mortgage Loans. USDA mortgage Loans in Grain Valley are can help you with your home buying needs, and can be an excellent choice.
If you are looking to buy a home in Grain Valley, take advantage of this 0% down payment option. Read more about this program below: -Interest Rates are very competitive compared to both Conventional and FHA Loans.
The best features of Missouri USDA home loans include 100% financing with no down payment and interest rates that are fixed for 30 years. There is 100% financing available with a very small monthly mortgage insurance payment compared to other types of loans (consists of about .30% of loan amount per year).
Compare your low MI (Mortgage Insurance) to other loan programs that aren't as low. There are several differences when qualifying for a USDA loan. The differences are: Most of the State of Missouri qualifies for USDA loans however, some geographical areas do not. A very easy and efficient way to determine if you are in an eligible is by visiting this website and putting in your address: USDA Location Eligibility Website
If your property is in an eligible area, you can use a USDA loan to purchase the new home. You can use a series of credits that are afforded for child care and dependents under 18 years of age as you calculate the family's "qualifying income." using the USDA's qualifying income website. An important part is to find a lender that provides "in-house" USDA home loan programs. We're happy to help you get into a home in an area that qualifies for the Missouri USDA Home Loans program, you can get pre-approved here:
For more information on getting a USDA loan, please contact Darren Copeland, NMLS #164545 at 816-268-4025,or online at KC Loan Tips USDA page.
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