fl: USDA Map, Approved Home Locations - Suspended Again.
- 03/29/13 10:46 AM
Update - 1/10/2015 - New USDA maps will take effect 2/2/2015 - please see the future eligible areas here. USDA Rural Housing was scheduled to change the approved home location map for the USDA guarantee housing loan program this month. It was announced this week, any map changes have yet again been suspended. This is great news for homebuyers wanting to take advantage of the No money down USDA loan. Rural Housing announcement- On March 26, 2013, the President signed “H.R.933 -- Consolidated and Further Continuing Appropriations Act, 2013” which provides funding through September 30, 2013. The Bill also extends … (0 comments)
fl: USDA Refinance Help For Florida Homeowners
- 10/02/12 08:59 AM
USDA Rural Development has introduced a new pilot program in selected states including Florida. The USDA “Pilot” refinance mortgage loan allows any homeowner that currently has a USDA Rural mortgage, refinance into the low historic 3-4% interest rates we see today. Here comes the best part…. your current loan to home value is irrelevant! Say you purchased your home in 2007 for $200,000, today is may be worth $150,000 - this is ok! The new USDA refi program is aimed at helping people who have seen their property value drop in the past few years and now face a situation of owing more … (0 comments)
fl: Mortgage Home Loan Approval Advice- Florida Teachers
- 09/11/12 08:02 AM
Below we have listed some tips for helps Florida teachers sail through the mortgage pre approval process. Regardless if you are looking for a $0 down payment USDA mortgage, FHA home loan or conventional loan, the tips below will apply. One of the first things a lender will want to see is evidence of full time employment. This is usually done by providing recent tax returns and paycheck stubs. However, some teachers only work part time or are considered “full time substitutes” who may or may not work a consistent 40 hour work week. When a lender reviews part time income … (0 comments)
fl: Florida First Time Home Owners- Starting the Process
- 09/10/12 01:41 AM
Florida First time home owners commonly ask us the same question “ how do we begin the home buying process” Below we have detailed some basic steps and suggestions before you that big leap towards homeownership. We have listed these items in order of importance. Mortgage & Loan Approval – First time home owners must take the time to figure out finances and numbers before anything happens. Everything starts with the mortgage loan application and pre approval process. First thing you need to do is talk to your trusted loan advisor about the mortgage programs that best fits your needs. The most popular home … (0 comments)
fl: FHA Loan Application Pre Qual process
- 09/10/12 01:12 AM
So your thinking about purchasing your first home and determined that the FHA mortgage is the best fit. How exactly do you get prequalified for an FHA mortgage might be the next question? Before you dig too deep, it’s important to understand exactly what a “pre qualification” actually is in mortgage lingo. An FHA prequalification means that under the information provided to your FHA loan specialist, you generally meet the guidelines that are set for FHA home loans. At this stage, nothing is really documented or verified. You may or may not have made a formal FHA application, you just want … (0 comments)
fl: Relief for Florida USDA Rural Home Owners
- 08/09/12 11:33 AM
The new Florida USDA Rural Development pilot refinance program could help thousands of Florida rural homeowners refinance into lower rates. The new USDA refinance program, which was first announced earlier this year allows homeowners in rural areas to refinance their homes with lower interest rates, no matter how much they are under water or amount of loss equity. That’s right, you have a mortgage for $200,000 on a home that is worth $150,000 – no problem. Refinancing has been difficult for many FL homeowners because their mortgage is more than the current home value. The new rural development refinance program will now … (0 comments)
fl: USDA Rural Housing Interest Rates
- 09/15/11 01:40 PM
100% USDA home mortgage = NO down payment, NO monthly mortgage insurance (PMI), historic low interest rates and affordable home purchase prices makes this a great time to purchase a home.USDA Mortgage Source is Florida’s Rural Housing leader. Please visit our main web site at http://www.usdamortgagesource.com for more information and USDA home loan program requirements. Servicing all of Florida including Sarasota FL, Tampa FL, Port Charlotte FL and St. Petersburg FLQuestions? Call us at 904.302.6060 or visit www.UsdaMortgageSource.com 7 days a week. Located outside of a rural area and need a home loan? Click here to learn more about FHA home … (0 comments)
USDA home loan require NO down payment , the only 100% home loan for Florida civilians. USDA home loan do NOT require monthly mortgage insurance ( PMI ) like all the other loans. On average, this will save homeowners $75 per month. USDA home loans have flexible credit requirements ( 640 min score required in most cases) USDA home loans are for ANY home, as long as the property is located in a USDA eligible area … (0 comments)
Update - 1/10/2015 - New USDA maps will take effect 2/2/2015 - please see the future eligible areas here. 
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