FHA, VA, USDA & Relocation Loans in St. Louis
FHA and VA home loans are both government insurance mortgage programs designed to help veterans, first-time home buyers, and low-to-middle income families become homebuyers.
FHA Mortgage
If your low credit score is holding you back, an FHA loan may just be the answer. If you’re looking for an FHA mortgage in St. Louis, let us help. Our knowledgeable team can help guide you through some other features of this loan type, which include:
- Low down payment of 3.5%
- Low closing costs
- Credit scores down to 580
- No pre-payment penalties
- Security of a 30-year fixed-rate mortgage
VA Loan
After years of experience and friendly service, Mortgage Solutions of St. Louis has become one of the area’s leading VA home loan lenders. A VA loan is a government-insured loan for a qualified veteran offered by the U.S. Department of Veterans Affairs. You may qualify for a VA Loan if you have served 181 days on active duty or three months during wartime, or, if you have served in the National Guard or Reserve for more than six years. Other benefits of the VA loan include:
- No down payment
- Unbelievable rates
- More flexible qualification guidelines
USDA Loans
USDA Home Loans from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture. Yes, the USDA that inspects your meat! Other benefits of the USDA loan in the St. Louis area include:
- No down payment
- Available in most counties adjacent to St. Louis County
- Lower monthly private mortgage insurance (PMI)
- Lower than Market interest rates available
Relocation Loans
We consider ourselves experts on relocation loans. We can do a purchase loan even if you don’t start your job for 60 days after the closing date. Most lenders want to see you start your job before you close on your loan. But where are you supposed to live if you are new to town?
Our team of friendly experts are here to assist you with for all your mortgage needs if you are moving here from outside of St Louis. Contact us today to learn more.
I highly recommend using Jimmy Dunn for your mortgage needs! I shopped around and he was by far the most responsive, knowledgeable and trustworthy. He made the entire process so easy. I refinanced right before the rates went up and Jimmy worked hard to get me the best deal. When unavoidable issues came up in the underwriting process, he was relentless in getting the issues fixed and the loan closed. You won't be disappointed if you choose to use Jimmy for your lending needs!
Our family could not fulfill our financial goals in Real Estate without Jimmy’s expertise. He is knowledgeable, thoughtful, helpful, expedient with his work. He was also very patient with our work when it came to customizing our home buying and refinancing needs. In the holiday season, we all have things to be thankful for, and a productive working relationship with Jimmy is at the top of our families list. I strongly recommend others to work with Jimmy for any Real Estate financing needs.
I recently refinanced my home with Mortgage Solutions of St St Louis. My past experiences with refinancing taught me that the process would be long, stressful and time consuming. My experience with Mortgage Solutions of St Louis was the exact opposite. They were friendly, fast and made it easy. I think the difference is working with a company that does this all the time, they understand how to get people thru the approval process because they know what they are doing. Other firms do it part time and don't have the expertise. I would highly recommend them to anyone, they are customer focused and driven to help the consumer, not just a bank.
Webster Groves, MO
Mortgage Solutions always takes great care of us. They understand the market, can time their deals to deliver the highest benefit to their clients and make the process smooth.
Keefe Group
I can't say enough great things about Mortgage Solutions. Both my original loan and refinance were smooth and required a minimal amount of hassle. They are great about getting back to you immediately if you have questions or concerns. The best part is that they refinance for free, so we were able to switch from a 30 year to a 20 year at no cost to us and keep essentially the same payments.
St Genevieve School