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Showing posts from January 18, 2015

USDA Home Loans

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If you haven't looked into the real estate market at the Lake of the Ozarks in several years, you probably think that you still need a 20% down payment to buy a home. Nowadays, however, that simply isn't the case. There are now some loan options that allow you to buy a Lake of the Ozarks home with a 5% down payment - and even a 0% down payment. Yes, you read that correctly.  USDA offers a home loan program that will provide 100% financing. USDA Home Loan Background Information USDA mortgage loans are designed to make home ownership accessible to low- to moderate-income families in rural areas. Luckily for you, the USDA defines "rural" in such a way that most homes in Camden, Miller, and Morgan counties qualify. Depending on your household income, you may be eligible for 100% financing (and lower interest rates) the next time you buy a home at the Lake of the Ozarks . Benefits of a USDA Home Loan USDA home loans allow you to finance 100% of your ho...