See if you Qualify for USDA Home Loans!qualify for USDA Home Loan
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100% financing home loans

Primary Residential Mortgage, Inc.
10121 N Rodney Parham, Suites C & D
Little Rock, AR 72227
855-474-7169
501-225-5626
NMLS # 3094
Branch NMLS # 252910
Licensed by Arkansas Securities Department 11558
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Equal Opprtunity Lender

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Morrilton, Arkansas USDA Loan

Home buyers in Morrilton Arkansas have the advantage of being in a USDA Rural Development eligible area. What this means is if a home buyer qualifies they can obtain a USDA Home Loan. This will allow buyers to purchase a home with no money down. Morrilton is located between Conway and Russellville just off of interstate 40. It is a well-established working community with stable home values. Being able to buy a home with 100% financing is a huge advantage to the area.

The Morrilton USDA Loan also offers many other benefits to home buyers. The credit standards set forth by USDA are also very attractive to people. USDA does not have a minimum credit score but most lenders that participate in the program set their min scores at 620 and above. Other credit advantages are that buyers only need to be 3 years removed from a previous foreclosure and 2 years from bankruptcy. Alternative trade lines are also acceptable. If a buyer does not have the required 2 trades with a 12 month history they can get payment histories on accounts that would not normal report to their credit report. Things such as auto insurance, utility bills, and even cell phone bills are acceptable

The Morrilton Arkansas USDA Loan also allows the seller to pay up to 6% of the sales price towards the buyers closing costs. This is a very important feature. For example is the sales price is $100,000 the seller can pay up to $6,000 towards the buyers closing costs and pre-paids. This is usually more than enough to cover all costs thus getting the buyer into the home with no money out of pocket.

There are so many benefits to the USDA Loan that have and will continue to benefit home buyers in Morrilton. The 100% no money down and seller paid closing costs couples with the minimal credit standards make it the go to home loan.

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