Buying a new home in a rural area of Florida? If you and the property qualify – USDA loans are good choice for rural home loans in Florida. USDA loans offer up to 100% Financing with a lower monthly insurance rate of only .3% which is much lower than the FHA insurance rate of 1.35%.
The average household income limits for a USDA loan in Florida is $112,850. The household limits also may vary by how many people live in the home. With five (5) or more people living in the home the household income limit can be as high as $148,950.
To search the USDA home loan income limits in Florida, please visit the USDA eligibility site for income limits by FL county.