Pleasant Hill USDA loans are a great option for people looking to purchase a home in a rural area near Kansas City/Lees Summit. Pleasant Hill, or 'P.Hill', is a great small town with friendly people, and great housing editions for families to live. One of the reasons Pleasant Hill is such as great place to live is because it is in a USDA mortgage eligible location.
The USDA Home Loan is a great mortgage loan that offers one of the best benefits available: it is 100% financed. (and the crowds roar in excitement!) This means that when it comes time close your Pleasant Hill USDA Loans you won't have to bring a down payment in with you. (This doesn't mean you won't have to bring in closing costs, although we try our best to make sure that you won't have to pay any of those either, but sometimes it just happens.) Just think about it - instead of paying the 20% downpayment with Conventional loans, or the lowest 3.5% down payment on an FHA loan. You would be paying 0% down on your home loan. That's an amazing deal, when you consider that on a $100,000 home your conventional down payment would be $20,000 and for an FHA 3.5% down payment it would be $3,500. $0 down sounds pretty amazing doesn't it!
There are a few qualifications for Pleasant Hill USDA Loans beyond the normal qualifications required by any loan
- You must meet the location eligibility requirements - check your address here.
- You must meet the income requirements - check to see if you qualify here.
Pleasant Hill USDA loans are a great way for you to get that home you've been dreaming of in an area that is out in the country! The USDA mortgage loan (also known as the Rural Development Loan) is one of the many loans we offer here at KC Loan Tips! Visit us for more information!
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