Address: 1950 Craig Road, Suite 100 St. Louis, MO 63146

Single Blog Title

This is a single blog caption

A Conversation With Liberty Lending – USDA Loan Talk

When applying for a loan, it can be difficult to get the information that you need to narrow down your options. Even once you’ve determined the type of loan you need, such as a USDA loan, the questions about qualifications can seem endless. Here at Liberty Lending, we want to make the mortgage process as clear as possible. Our highly trained consultants are always ready to have a conversation that can help you figure out what works for you. If you’re interested in a USDA loan, here’s how a conversation with us might go:

Homebuyer: So I think I’m finally ready to buy a home. Can you help me figure out this whole loan situation?

Liberty Lending: Congratulations! And of course – it’s something my colleagues and I have years of experience doing.


HB: So I’ve heard a little about USDA loans. What exactly are they?

LL: United States Department of Agriculture loans are loans provided by the federal government for people looking to buy homes in suburban and rural areas.


HB: How do you qualify for one?

LL: First and foremost, the house you’re looking to buy has to be located in a USDA eligible rural area.


HB: Uh, can you help me figure that out?

LL: That’s exactly what we’re here for. You’ll also need to have an income lower than $75,000/year per household that’s also up to 115% of the median income in the area, which we can help you determine. Finally, you’ll need a reliable credit history or credit score of at least 620.

HB: I think all of those apply to me. But why would I want to do a USDA loan instead of a conventional one?

LL: Both loans have their benefits. But if you meet the requirements, a USDA loan is definitely worth it. One reason? No down payments.


HB: Wow, I can’t argue with that. What else is good about a USDA loan?

LL: 100% financing and the ability to roll in your closing costs can be incredibly helpful. Beyond that, awesome 30 year fixed rates mean that you can lock in a low monthly payment that you can budget for, year after year.


HB: This keeps getting and better. I think I might have some friends that could benefit from this too. How can they get in touch?

LL: Referrals are always welcome. Just tell them to fill out the form on our website or call (314) 336-9111 to get started.

Leave a Reply