Who can benefit from this loan?1. Borrowers with lower or no credit scores who can’t qualify for conventional loans.

2. Borrowers who are looking to purchase homes in smaller towns and out of city limits.

3. Clients with liitle or no money for down payment.

4. First time home buyers looking for more affordable monthly payments.

USA Mortgage and USDA Loans1. #1 USDA lender in Missouri four years in a row.

2. Underwriting, processing and funding all done in house.

3. Accepts lower credit scares compared to many other lenders.

4. Offers very aggressive rates.

5. Offers lower or no lender fees for USDA loans.

USDA LOANS

573-397-609033 E. Broadway St. 290 Columbia, Mo 65203www.missourimortgagesource.com

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#1 USDA Lender in Missouri[ ]

MORE INFORMATIONON THE USDA LOAN

• No down payment required.

• Allows single family resident, condos that meet FHA, Fannie Mae and Freddie Mac requirements, manufacture homes less than 12 months old, and modular homes.

• There are income limitations and restrictions which vary by different counties and numbers of family members in a houshold.

USDA will give some deductins depending on the age, child-care expenses.

• The property itself has to be eligible for USDA as far as location and condition of property goes. Condition of property has to meet mininmum HUD requirements which an appraiser will mostly make that decision.

• There are no loan or purchase limits for USDA as long as the property and income meets the standards of this product.

• USDA has no minimum acreage based on their guidelines but they will look at the houses on 5 acres or more very carefully to make sure the house and the land ratio meets and guidelines.

• It has an upfront funding fee of 2% which will get financed to the loan.

Purchase price: $100K

Down-payment $0.00

Funding fee: $2040.00 (2% of funding fee + purchase price)

Loan Amount: $102,040.00

• There is also monthly mortgage insurance for USDA which is at .5% factor, which will make the monthly payment very affordable.

• Borrowers can finance the closing cost to their loan as long as the appraisal value supports the addition. For example:

Appraisal value of $103K Purchase price of $100K

You can finance $3K of your closing cost to the loan.

573-397-609033 E. Broadway St. 290 Columbia, Mo 65203www.missourimortgagesource.com

Company NMLS: 227262 | Missouri Residential Mortgage Licensee