FHA/VA Loans

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.