USDA
100% financing with no money down, no mortgage insurance (PMI), and the property must be in a designated Rural Area.
FHA
Requires 3.5% down payment with monthly PMI, down payment can be from gift funds.
VA
100% financing with no money down, no mortgage insurance (PMI), must be a Veteran
MHDC
Grant program utilizing the FHA program, but this grant gives you 3% of your down payment requirement.
Conventional
5% down, PMI is based off of the credit scores. Some Conventional loans require 10% but all based on credit scores.
Lance Obermeyer
phone – 314-628-2054
fax – 314-628-2154
apply online: lobermeyer.usa-mortgage.com
Senior Account Executive
Missouri and Illinois Licensed
FHA, 203K Rehab, USDA, Conventional,
VA, and Grant Program Options
NMLS: 237659 MO: 10-332-MLO IL: 031.0028180
USA Mortgage
Call today to set up your appointment or stop by the Route 66 REALTORS office.
