Also known as the USDA Rural Development Guaranteed Housing Loan Program, it is a mortgage loan that is offered to rural property owners who qualify.

This unique program works with local lending agencies to extend 100% financing to qualified buyers living in rural communities.

Thousands of home buyers across the nation have already been assisted by these guaranteed loans. The loan caters to lower income families by offering lower interest rates and loan terms.

Sean Zalmanoff and his team of mortgage professionals, want to ensure that low or moderate income homebuyers in the rural sections of Missouri can achieve their dream of owning a home.

USDA Home Loans

A USDA home loan is so appealing because of the 100% financing! A buyer does not have to come up with money for a down payment, as long as the amount of the loan does not exceed the appraised value of the home. It may also be possible to roll other fees into the mortgage.

It is a program that is specifically meant for families with low incomes. Therefore, traditional credit scores may not be counted against those who qualify.

The USDA home loan program looks for homeowners that have no more than 41% debt ratio, and they even sometimes make exceptions to that rule.

It is good to know that this is a fixed rate mortgage. We can assure you that the rates will not suddenly skyrocket in the next  years. When you and the lender agree on an interest rate and it will stay there for the life of the loan. So, when there are changes in the housing market or interest rates, neither will have any affect on your monthly payments.

Contact the St. Louis Mortgage Experts

If you enjoy the peaceful life of a rural setting, don’t let the opportunity to get this type of loan slip away. The professionals at Sean Z will be more than happy to help you secure the funds to get you and your family into the house of your dreams.

Call us today at (314) 361-9979 or fill out our online contact form.