The USDA Rural Development loan program helps rural communities and individuals by providing guaranteed home loans. Funding is available for single family, owner occupied homes with favorable rates, 30-year fixed terms, and no down payment.
Loan amounts are limited only by the applicant’s ability to repay and the property’s appraised value. No minimum credit score is required, but compensating factors are utilized with scores under 620. Now deserving families have an unprecedented opportunity to become homeowners. Continue reading “No Money Down Home Loans for Rural Areas; St Louis Mortgage Interest Rate Update“