Many first time home buyers in Florida face one big problem when trying to purchase their first home, lack of savings for the down payment! In many cases the down payment requirements for FHA and Conventional loans are just out of reach. The 100% USDA home mortgage is the perfect loan program for filling the gap and providing a way for Florida first time owners to purchase a home with $0 money out of pocket. USDA Rural Development is the last remaining 100% home loan available to Florida civilians. It’s no secret why so many Florida first time home buyers use this wonderful government back mortgage program to achieve their dream of homeownership.
The USDA Rural housing program should even be looked at for prospective home buyers that have some money to put down and can afford the down payment needed for FHA home loans. Why? mortgage insurance costs plan and simple – the USDA monthly mortgage insurance (PMI) costs is over 3 times LOWER when compared to FHA mortgage. The USDA loan program permits 100% financing, however buyers can always put in a down payment if they choose.
Questions? reach out to us by visiting www.UsdaMortgageSource.com or call 904-302-6060 to check the basic USDA Rural loan eligibility and qualifying requirements. Serving all of Florida Leon, Jefferson and Madison County - Monticello,Woodville, Tallahassee,Madison
Common USDA Q&A can be found here
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