USDA 100% financing with no money down, no mortgage insurance (PMI), and the property must be in a designated Rural Area. FHA Requires 3.5% down payment with monthly PMI, down payment can be from gift funds. VA 100% financing with no money down, no mortgage insurance (PMI), must be a Veteran MHDC Grant program utilizing the FHA program, but this grant gives you 3% of your down payment requirement. Conventional 5% down, PMI is based off of the credit scores. Some Conventional loans require 10% but all based on credit scores. Lance Obermeyer phone - 314-628-2054 fax - 314-628-2154 apply online: lobermeyer.usa-mortgage.com Senior Account Executive Missouri and Illinois Licensed FHA, 203K Rehab, USDA, Conventional, VA, and Grant Program Options NMLS: 237659 MO: 10-332-MLO IL: 031.0028180 USA Mortgage Call today to set up your appointment or stop by the Route 66 REALTORS office.