USDA 100% LTV Financing (Florida)

USDA helps borrowers achieve the American dream of home ownership.

The guarantee provided by the USDA helps low and moderate income families with little money for a down payment achieves home ownership.

To be eligible, applicants must:

* Have dependable income that is adequate for the repayment of the loan. This income should be verifiable and continuing for at least 24 months.
* Be a U.S. citizen, currently reside in the United States, qualified alien, or be legally admitted to the United States for permanent residence;
* Must meet Moderate income limits as determined by the USDA home loan program with credit history that shows responsible repayment of debt

Homes That Qualify:

* A newly built or existing home
* Modular new and existing homes
* Home must provide safe, decent, and sanitary housing and be modest in cost
* The home must meet the thermal standards of the Rural Housing and Community Development Service
* Existing homes must be in good repair and structurally sound
* There are no size or design restrictions on the home to be financed
* USDA home loans may not be used on property for income-producing purposes
* The home must not be located in flood or mudslide hazard areas
* Water and sewage system must meet the requirements of the State Department of Health

Highlights of the USDA Guaranteed Rural Housing Loan Program

* Loans may go up to 102% (With Guarantee fee included)
* No downpayment is required
* Mortgages are 30-year fixed rate at market interest rates
* Sellers may contribute to the buyer's closing costs
* Home buyers make application with participating lenders
* Buyers must personally occupy the dwelling following the purchase

Please contact me @ 813-489-5689 or 813-385-1109 anytime for more information on USDA Loans in Florida.

Sincerely,

Jason R Hands
Bay to Bay Lending, LLC
501 S Dakota Avenue, Suite 2
Tampa, FL 33606
813-489-5689 Direct
813-385-1109 - Mobile
866-216-6322 - Fax
http://www.mortgagestampa.org

NMLS Originator ID: 214834 FL # LO562