USDA RURAL DEVELOPMENT HOME LOAN BASICS
No Down Payment Required**
- Closing costs can be financed into the loan
- Minimal credit score requirements
- Low monthly mortgage insurance
- Home must be located in an eligible area
- Home must meet property eligibility requirements
- Fill out worksheet to get additional information about qualifying
**Borrower income limited to 115% of median income for the area. Borrowers must have acceptable credit histories. 30 year loan term. Housing costs cannot exceed 29% of income; total debt ratio cannot exceed 41% of income. Homes must meet state HCFP building codes. Guarantee fee required. Available only in rural areas. All loans subject to underwriting approval. Additional restrictions and conditions apply. Call for details.
This website is operated by GSF Mortgage Corp, 420 S Main, Joplin, MO 64801, (417)-624-5151. GSF Mortgage Corp is an FHA Approved Lending Institution, and is not acting on behalf or a the direction of HUD/FHA/USDA or the Federal Government. Corporate NMLS #1018 Branch NMLS # 1479063. For licensing verification please visit www.nmlsconsumeraccess.org. This branch is licensed in KS (MC.0025056-BR.002), MO (16-2204.3), and OK (MLB10917), NMLS # 141374. A Kansas Licensed Mortgage Company. Minnesota Residential Mortgage Originator License Number MN-MO-20186330. This is not an offer to enter into an interest rate lock-in agreement under Minnesota law. Any such offer may only be made in accordance with the requirements of MN Stat. Section 47.206(3) and (4). Louisiana Residential Mortgage Lending License. Michigan 1st Mortgage Lender, Broker & Servicer Registrant Number FR0018644. Indiana-DFI First Lien Mortgage Lending License Number 10882. Alabama Consumer Credit License Number 22145. Pennsylvania Mortgage Lender License Number 21368. Licensed by the Pennsylvania Department of Banking. To verify licensing, please visit www.NMLSConsumerAccess.org. For complete information visit www.gogsf.com.