USDA Loans

LeaderOne Financial in Lee's Summit, MO can help you learn the requirements for USDA loans and determine your eligibility. USDA loans are loans issued by the government, and often issued to those in rural areas, small communities and some areas just outside major metropolitin areas.

Call Darren Copeland's team at 816-875-6538 to check your eligibility for a USDA home loan.

What are USDA Home Loans?

USDA home loans, also known as rural development loans, are loans issued by the US goverment. To help families who may not quality for convential loans or have the same lending options as those in larger cities, the US government issues these loans through approved private lenders.

With a USDA home loan, the family can borrow up to 100% of the home's appraisal, meaning no down payment is needed. The loan is set for a 30-year fixed rate home loan, and requires no mortgage insurance.

A USDA home loan is a great option for families in smaller communities trying to find a way to buy a house.

To see if you pre-quality for a USDA home loan, contact Darren Copeland today at 816-875-6538.

Who is eligible for a USDA Home Loan?

According to USDA, to be elibible for a USDA home loan, you must:

be a US Citizen, a US Non Citizen National or have a qualified Alien status
be at least 18
not own another house in the local area
occupy the home as your primary residence
be unable to get conventional loan that requires a 20% down payment

Income Guidelines for USDA Home Loans

There are income guidelines for USDA loans that vary by the area in which you're applying for the loan. To learn the guidelines for your desired area, please contact us at 816-875-6538 or email Darren!

How do I apply for a USDA Home Loan?

LeaderOne Financial in Lee's Summit, MO is an approved lender and can help you secure a USDA home loan. USDA loans are offered by lenders such as LeaderOne Financial who meet federal guidelines on lending.