Supplying Kaskaskia Illinois USDA Home Loans Since 1997
Kaskaskia, IL USDA Rural Mortgage
As an approved USDA Rural Housing lender, Smart Mortgage Centers is excited to bring you the option of a USDA mortgage in Kaskaskia . For those who qualify, 100% financing is available bringing the dream of home ownership within reach. With low interest rates and flexible guidelines a USDA home loan could help you achieve your financial goals.
Qualifications for a Kaskaskia USDA Mortgage
Eligibility is based both on the property and the borrower. The property must be located in a rural development eligible area, and be occupied as your primary residence. Your Smart Mortgage Centers loan consultant can help you determine whether there are properties near you that qualify. Even if you do not consider your area “rural” you may be surprised to learn there are eligible properties nearby. To qualify for a USDA Rural Housing loan a borrower must meet income (people who earn above a certain threshold are ineligible), credit, and employment requirements and be a US citizen, US non-citizen national, or a qualified alien. Contact us today and we’ll help you determine whether or not you may be eligible for Kaskaskia USDA financing. If a USDA mortgage is not a good fit for you don’t worry, we have a wide variety of home loan programs to help you meet your goals.
Call the USDA Mortgage Hotline
Toll Free 888-882-1058
3 Reasons to Consider a USDA Mortgage
- Rural homes in Kaskaskia, Illinois are often financed through USDA Rural Housing Loan programs. Although it is certainly not new, the USDA Rural Housing Loan program may be one of the most overlooked opportunities available to prospective home buyers. Established in 1949 by the US Department of Agriculture, its goal is to give residents of rural areas the opportunity to own a home and promote development in underdeveloped areas.
- There are certain eligibility requirements for both the borrower and the property to be purchased. Borrowers must meet certain income, credit and employment requirements while the home to be purchased must lie within the USDA’s Property Eligibility Map. Since the program began, over 2.7 million rural borrowers have become proud homeowners. Here are 3 compelling reasons why this is such an outstanding prospect for anyone thinking of buying a home:
- Rural does not mean remote Please do not assume that the eligible properties are all located miles and miles from civilization. A quick check with the USDA’s website will allow you to track down homes that meet the USDA guidelines. Guess what? Many of them are in close proximity to some of the nation’s fastest growing metro areas – including places surrounding major cities.
Find out if a Kaskaskia home is USDA Eligible
Toll Free 888-882-1058
Unparalleled affordability Kaskaskia USDA financing is one of the only mortgages available other than those for members of the US military that offers zero money down (note: there may be some programs available in certain locations where 100% financing may exist). It is an excellent option for those with lower incomes or less than perfect credit. Mortgage insurance is not required and loans can be used to purchase or refinance. Monthly payments are kept affordable, thanks to the fact that the loans are 30-year fixed rate mortgages. More borrowers are eligible than ever before As part of the American Recovery and Reinvestment Act that came about in 2009, the guidelines for USDA home loans have become more streamlined and opened the door for higher eligibility rates. Borrowers must still meet certain income requirements and provide a credit report; however, the guidelines are not as strict as they were previously. To learn more about Kaskaskia USDA Rural Housing loans and their eligibility requirements, discuss your home purchase plans with a licensed mortgage consultant from Smart Mortgage Centers.
The Kaskaskia were one of the indigenous peoples of the Northeastern Woodlands. They were one of about a dozen cognate tribes that made up the Illiniwek Confederation, also called the Illinois Confederation. Their longstanding homeland was in the Great Lakes region. Their first contact with Europeans reportedly occurred near present-day Green Bay, Wisconsin, in 1667 at a Jesuit mission station.
In 1673, Jesuit Father Jacques Marquette and French-Canadian explorer Louis Jolliet became the first Europeans known to have descended the Mississippi River. The record of their trip is the earliest, best record of contact between Europeans and the Illinois Indians. Marquette and Jolliet, with five other men, left the mission of St. Ignace at Michilimackinac in two bark canoes on May 17. To reach the Mississippi River, they travelled across Lake Michigan into Green Bay, up the Fox River and down the Wisconsin River. Descending the Mississippi, in June, they met the Peoria and Moingwena bands of Illinois at the Haas/Hagerman Site near the mouth of the Des Moines River in Clark County, northeastern Missouri. They met another Illinois band, the Michigamea, when they reached present-day Arkansas.