DALLAS, Dec. 12, 2016 /PRNewswire/ -- National residential mortgage lender PrimeLending, a PlainsCapital Company, is pleased to announce that it recently received recognition from the United States Department of Agriculture (USDA) Rural Development as one of the largest originators of Guaranteed Rural Housing Loans in Missouri.
USDA Rural Development partners with local lenders, such as PrimeLending, to extend 100% financing opportunities to rural individuals and families. The federal government agrees to "guarantee" the loan, therefore reducing lender risk when making mortgage loans. The end result is more buyers achieving the dream of homeownership with affordable and attractive terms with assistance from Rural Development.
While more than 70 lenders participate in the Guaranteed Rural Housing Loan Program in Missouri, PrimeLending ranked in the top 5 in loans closed for the fiscal year ending September 30, 2016.*
"It is a privilege to be associated with outstanding assistance programs like the USDA Guaranteed Rural Housing Loan Program," said Brian Chick, Senior Vice President and Midwest Regional Manager for PrimeLending. "Helping families establish roots as homeowners is something we approach with great responsibility and working with homebuyers throughout the Midwest is an especially rewarding experience for us."
For further information on home loan options in Missouri, or through the country, please contact a PrimeLending loan officer at a branch near you.
About PrimeLending - PrimeLending, a PlainsCapital Company, is a national residential mortgage originator. In the last four consecutive years, PrimeLending was listed as a top 10 mortgage lender in the nation in purchase units.** Offering fixed-rate, adjustable-rate, FHA, VA, USDA and jumbo home loans, refinancing and relocation programs, PrimeLending is authorized to make loans in 50 states and the District of Columbia. Founded in 1986, PrimeLending is a member of the Hilltop Holdings Inc. (NYSE: HTH) family of companies. More information at PrimeLending.com.
*USDA Rural Development Missouri news release, 11/29/16
** Ranked by Marketrac® for purchase units nationally for Jan.-Dec. 2012 - 2015. Equal Housing Lender. All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company (NMLS No.: 13649).
PrimeLending, a PlainsCapital Company (NMLS: 13649) is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in MO. v021216
© 2016 PrimeLending a PlainsCapital Company®
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/primelending-named-a-top-lending-partner-by-usda-rural-development-program-in-missouri-300376781.html