USDA Home Loans - costs going up! - 03/08/11 01:00 PM
The USDA /Rural Development announced starting October 1st, 2011, they will begin collecting a monthly mortgage insurance premium of .3% on all new USDA home loans.  However, the up front (one-time) mortgage insurance cost will be reduced from 3.5% to 2%.
So what does this mean for home buyers using the USDA loan program after Oct 1st ?  In short, monthly mortgage payments will be going up slightly.  In Florida, the average USDA home loan purchase price is around $125,000.  Based on this, starting Oct 1st, the monthly payment of these loans will increase by $20.00 per month.   
Keep in mind … (0 comments)

USDA home loans - still underutilize today...Why? - 03/02/11 04:16 PM
USDA (Rural Development) home loans is one of the last remaining 100% financing options available in Florida, the only other being VA. Even so, USDA loans are still not being utilized today as much as they should be. Why?  First, many buyers and their agents are still unfamiliar with the loan. When most people think USDA, they probably think about "beef inspection" and not home loans. Many also assume that the USDA home loan is meant only for farmers or ranchers. Not true, many homes in smaller cities as well as those in outlying suburbs of metropolitan areas are also eligible, … (0 comments)

 
Jamie Chambers, USDA /FHA Mortgage Source (USDA / FHA Mortgage Source)

Jamie Chambers

USDA /FHA Mortgage Source

Jacksonville, FL

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USDA / FHA Mortgage Source

Address: FL

Office Phone: (904) 302-6060

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All about 100% USDA/RD home loans in Florida. Serving all of Florida including – Pensacola, Tallahassee, Lake City, Jacksonville, St. Augustine, Palm Coast, Daytona Beach, Orlando, Ocala, Gainesville, Lakeland, Tampa, Winter Haven, Sarasota, Naples, Fort Myers FL


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