The Missouri Torch has partnered with a local mortgage broker and loan consultant firm, Liberty Lending, to provide readers with the latest home loan resources. Whether you’re looking for a St. Louis mortgage or a mortgage in Kansas City, Liberty Lending has worked with The Missouri Torch to provide readers with useful resources to alleviate the stress of the home buying process. In this section, you’ll find information regarding three types of loans, eligibility for these loans, requirements for approval, and the pros and cons of each.
Though there are far more than just three loans available to home buyers in Missouri, three common loans that Missourians should research are Conventional Home Loans, USDA Loans, and VA/Military Loans. You’ll find that the only one of these three loans that are available to almost all applicants is the conventional home loan. Both USDA and VA/Military Home Loans are restricted to select areas and applicants.
However, it’s important to consider all three options when buying a home. Many applicants will be surprised to find out that they might be eligible for USDA Loans or Military Loans. Below, we provide an overview of each loan.