Missouri USDA Home Loans are a great way to get 100% financing on the home you like in a rural area. If you're looking to live outside the city limits then this is the deal for you! As I mentioned before the loan is 100% financed, this means that you when you show up at closing you won't have to pay anything other than the closing costs for your loan. The first step towards getting this huge benefit is to get pre-approved with a lender that specializes in USDA loans.
Click this link to get pre-approved by us, your USDA loan expert: Getting Started. That means zero money down gets you you're own home. However there are some restrictions for Missouri USDA Home Loans, that you might not know about. The USDA Home Loan requirements contain 2 components that you will have to meet to get their home loan.
The first is that you must me the financial requirements or income eligibility. You can check The USDA income limits website and use their income calculator to see if you meet this requirement. The second limit is geographical. You may also use the USDA location eligibility website to enter your address and find out if it is USDA eligible.
However occasionally the USDA changes the locations that are eligible and unfortunately on October 1 some areas will no longer be eligible for Missouri USDA Home Loans. Below is a list of the areas that will no longer be USDA eligible, with areas near Kansas City being in bold:
Bolivar (Polk County)
Carthage (Jasper County)
Excelsior Springs (Clay County)
Grain Valley (Jackson County)
Harrisonville (Cass County)
Jackson (Cape Girardeau County)
Neosho (Newton County)
Ozark (Christian County)
Republic (Greene County)
Sedalia (Pettis County)
Troy (Lincoln County)
Union (Franklin County)
Washington (Franklin County)
Fulton (Callaway County)
If you have questions about the USDA home loan you can read more on our USDA webpage or you can simply call us at (816)268-4025!