Buying a home is one of the most expensive endeavors the average person will undertake in their lifetime. If at all possible, it’s important to save money during the process. Two options offered through Liberty Lending that any Missouri homebuyer should consider are a Missouri USDA loan or a St. Louis VA loan.
The advantages to these loans are specific to who takes out the loan and where they are located.
To qualify for a Missouri USDA loan, or rural development loan, you must obviously live in Missouri. The other specification is that your home must be in a suburban or rural area. Back in the year 2011, over 130,000 people took advantage of the program because it offers loans with little or no money down. Be sure to check and see if you qualify. Fixed rates for 30 years and complete financing are attractive qualities about this loan but not everyone can earn them.
To qualify for a St. Louis VA or military loan, you must live in St. Louis. Prior military service is naturally required. This type of loan might not take as much work to obtain as a regular loan and also comes with 100% financing and no down payment. Also, if you became disabled while serving, the VA funding fee does not apply to you.