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

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U! S! D! A! Let’s Talk Loans!

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.

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

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

Homebuyer: How do you qualify for one?

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

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

Liberty Lending: 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.

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

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

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

Liberty Lending: 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.

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

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

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