In the days where 100% financing is virtually gone few know about USDA Mortgages, their qualifiction guidelines and where they are applicable. Set up to provide loans for residences for individuals with low income in rural areas this program can be helpful to your purchase plan when looking for the funds for down payment on a home are scarce. Some residential areas in St. Charles qualify as a USDA area. If you are curious if you would qualify for a USDA Loan contact our Certified Mortgage Planner at Preferred Home Lending Chris Simms at 314-229-4242. You can apply on-line at
http://csimms-ph-lendinglo.mortgagewebcenter.com/Default.asp?bhcp=1.
For more information on where USDA Loans may apply contact us by e-mail mikeandpat@Trails2OpenSpaces.com or call 314-749-0921.