When buying a home, consider a loan that specifically matches your geographic location or employment history. This can help you save a significant amount of money. If you live in Missouri, make sure to ask yourself the following questions because Liberty Lending consultants might be able to help:

Was I in the military? If you are currently in the military or you served previously, you probably qualify for a VA loan. In St. Louis, current soldiers and veterans can get long-term financing for homes. Consider this option because a VA loan can be easier to get than a conventional home loan. Also, select spouses of current or former military members may qualify as well.

Do I live in a rural area? A Missouri USDA loan is also called a Rural Development Loan but is also applies to suburban areas. For most buyers it includes low rates, affordable payments, and no down payment.

Do I have bad credit? Don’t let a past bankruptcy or foreclosure stop you from applying for a loan. An FHA loan doesn’t have the strict requirements usually associated with applying for traditional financing. This is also an option for people who already have a loan but are looking for a lower rate.