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Michael Russell's Blog

By Michael Russell | Agent in Overland Park, KS

No Money Down Home Loans for Stilwell, Spring Hill and Gardner Kansas

For would be home buyers saving up for a down payment can be the hardest part of becoming a homeowner. Since the government changed lending restrictions and outlawed seller contributions towards a buyers down payment it has become increasingly hard for buyers to purchase that first home.

While this is not a new program, many homebuyers do not know about USDA Rural development loans.USDA Rural Development loans are available in Stilwell, Spring Hill and Gardner Kansas. Usda Rural Development loans are 100% financing with no mortgage insurance, an incredible monthly savings over a traditional FHA loan. Even better you can request that the seller pay your closing costs.

If you are considering purchasing a home in Stilwell, Spring Hill or Gardner and are in need of down payment assistance call Michael Russell at 913-735-7104 to get qualified for a USDA Rural Development Loan and a list of qualifying properties.


By Karen Barber,  Wed Feb 9 2011, 17:27
Good information Michael. I have sold many homes with USDA loans in the last several years and they are an excellent product and have worked well for many of my clients. I will advise buyers that you "can ask" a seller to pay your closing costs but please don't believe they "have to" as any part of the program. That will strictly depend on what price you negotiate and at times sellers have asked for a higher purchase price in return for having buyer's closing costs paid. Either way it is a good loan and has helped many of my buyers become home owners!

Karen Barber
Reece and Nichols O'Connor and Associates

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