St. Louis, MO –Buying a home can be extremely stressful and expensive, especially for first-time homebuyers. Many homebuyers take out loans to help afford a mortgage. Liberty Lending Consultants desires to help those looking to purchase a residential or commercial space by offering USDA and VA loans to qualifying customers. Liberty Lending Consultants is a mortgage broker that has helped thousands of customers over the years take out loans to pay for mortgages. Those looking to take on a mortgage should visit LibertyLendingconsultants.com for more information about these specific loans and qualifications.
Liberty Lending Consultants provides customers residing in Missouri with USDA loans. The United States Department of Agriculture set up this program to give customers purchasing property in rural or suburban areas a lower mortgage cost. Buyers in Missouri are drawn to the low rates, zero down payment and affordable payments from USDA loans Missouri. In addition to these benefits, homebuyers in Missouri also gravitate toward Missouri USDA loans due to the low monthly Private Mortgage Insurance, 30-year fixed rates and 100 percent financing.
Interested customers need to qualify for the USDA loan to reap the excellent benefits of the loan. A customer’s desired property needs to be located in one of the eligible rural areas in Missouri. Mortgage consultants at Liberty Lending Consultants meet with customers to discuss which areas qualify for the loan. In addition to location, customers must also maintain an income gap, which is usually $75,000 a year, and the customer’s income must be up to 115 percent of the median income of the area around the property. Customers also should have a credit score of 620 or higher or have a good credit history. Consultants from Liberty Lending meet with customers to discuss if customers qualify to make the already stressful process as easy on the homebuyers as possible.
In addition to USDA loans, Liberty Lending Consultants also offers VA loans. This company desires to help veterans in St. Louis, Missouri purchase a home because it understands the importance of helping veterans live a normal life after being relieved of duty. Veterans, active military, reservists and select military spouses can take out these loans. VA loans are easier to qualify for than conventional mortgages and are extremely appealing due to their competitive interest rates, no down payments, and 100 percent financing. They also have 30, 20, and 15-year fixed rates and no monthly PMI.
Like USDA loans, VA loans also have some requirements to qualify for the loans. Depending on the type of VA loan, one’s eligibility for loans can be determined by the length of service. Other requirements include a valid Certificate of Eligibility, a good credit score, and a decent income. Consultants from Liberty Lending are eager to meet with those interested in taking out a VA loan to discuss requirements further and make the process easier on the homebuyer.
Homebuyers in Missouri should contact Liberty Lending Consultants to discuss if they qualify for USDA and VA loans. These loans could help homebuyers save money, and they could help lower the cost of mortgages. Since Liberty Lending Consultants is one of the most trusted lenders in Missouri, it is not surprising that many homebuyers around the area go there to discuss taking out loans for one of the most important purchases of their lives.
Liberty Lending Consultants
St. Louis, MO