USDA Home Lones
Rural Properties – 100% Financing
Florida USDA Home Loans
How USDA Loans work? This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural home buyers.
Florida USDA Home Loans offer 100% Financing, low rates, and affordable payments for residents of Florida. These loans are becoming more popular by the day, as buyers discover an easier way to buy a home with zero down payment. The United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it is also called the USDA Rural Development (RD) Mortgage Loan. This mortgage type reduces costs for home buyers in rural and suburban areas. Few borrower’s are familiar with Florida USDA home loans, but they are one of the most cost effective home buying programs in the marketplace today.
Eligibility for USDA Home Loans – The USDA home loan is available to borrowers who meet Florida USDA income and credit standards. Qualification is easier than for many other loan types, since the loan doesn’t require a down payment or a high credit score. Home buyers should make sure they are looking at homes within USDA-eligible geographic areas in Florida, because the property location is the most important factor for qualifying for USDA mortgages in Florida.
Why may apply for Florida USDA home loans?
- Meet income-eligibility
- Agree to personally occupy the dwelling as their primary residence
- Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
- Have the legal capacity to incur the loan obligation
- Have not been suspended or debarred from participation in federal programs
- Demonstrate the willingness to meet credit obligations in a timely manner
- Purchase a property that meets all program criteria
Whether a USDA loan, FHA Loan, VA Loan or Conventional Loan we can help find the best loan option for your individual needs. As a direct USDA mortgage lender in Florida, 1st Florida Mortgage company offers the lowest mortgage rates in Florida and most competitive closing costs. Our team of USDA mortgage experts are here to help determine if a USDA home loan in Florida is right for you. Call us today for free consultation at (407) 392-4031.
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USDA Mortgage Loan Process
Why 1st Florida Mortgage USDA Loans
- Approved USDA Mortgage Lender
- Streamline Process, Fast Closings & Funding
- Same Day Pre-Qualifications
- Low Rates & Fees – 28 Day Closings!
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