rural housing florida: Rural Housing USDA Payment Calculator - 10/13/11 10:04 PM

Be sure to check out our handy USDA home loan payment calculator at the http://usdamortgagesource.com/blog/ This USDA loan calculator includes estimated tax and home owners insurance as well has monthly premium charges.
 
Questions? Let us help – USDA Mortgage Source is Florida’s local rural housing leader. Serving all of Florida including Brevard County – Cocoa Beach FL, Port St John FL, Sharpes FL and Mims FL,  7 days a week– please call us at 904.302.6060 or visit us at www.UsdaMortgageSource.com
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rural housing florida: USDA Mortgage Financing Question - - 09/21/11 09:43 PM



Question:  I was reading about the USDA program details and it says 102% financing. Does this mean that we can receive 100% financing on the home we buy, then receive 2% cash back to pay off debts or something similar?

 L. Gifford / Sarasota, FL

Answer:  The additional 2% is used for the one timeUSDA guarantee fee and cannot be used for anything else. This USDA fee is always rolled into to your loan regardless of appraised value or purchase price. However, USDA Rural Development will permit a home buyer to roll in their closing costs up to the appraised value and not … (0 comments)

rural housing florida: USDA Home Loan Guarantee & Annual Fee changes - 07/05/11 10:14 AM

USDA / Rural Housing just announced that starting October 1st 2011 the USDA up front (one-time) Guarantee Fee will be changing. In addition to this, USDA /Rural Housing will be adding an annual fee to the program.
The basics and a little background -
Like all Government home loans (FHA,VA,USDA) the USDA has always required a (one-time) up-front "Guarantee Fee"  Other Government loan programs use different names for this (mortgage insurance premium, funding fee) but they are essentially the same thing.  Basically this USDA Guarantee Fee serves as a "security net" for mortgage lenders and provides them with an expanded … (0 comments)

 
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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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