We received some encouraging news from our local USDA representative. She informed us that Rural Development has money to loan. The terms are pretty simple.
Applicants must:
* Have an adequate & dependable income
* Be a US citizen or permanent resident
* Have an adjusted annual income that does not exceed the limit for the county in which they are purchasing a home.
* Have a credit history that indicates a reasonable willingness to meet obligations & ability to repay debts
* Qualify within the flexible guidelines offered by Rural Development for housing and other debt loads.

Housebuyers may work with an approved lender of their choice to gain approval for guaranteed financing.

We were also reminded that 100% guaranteed financing is not just for first time homebuyers.

For more information on this type of loan you can go to www.rurdev.usda.gov/mo/grhpage.htm or give us a call and we’ll walk you through the process.