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USDA Mortgages, Home Loan, DJ Rondeau 813-480-6077

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Mortgage and Lending with Bay to Bay Lending

Many people are not aware of what a USDA loan is.  These loan programs are for borrowers looking for 100% financing.  These loan programs have no monthly private mortgage insurance and an up-front funding fee of 3.5%. In order to qualify all members of the household must earn below a certain amount of income per year.(as a whole) This loan program utilizes similar underwriting guidelines as FHA.  These government loan programs are allowed to be used on primary residences only.

For income eligibility click on this hyperlink: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=DirectIncomeLimits&NavKey=incomelimit@11

For property eligibility click on this hyperlink: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11

DJ Rondeau

Bay to Bay Lending, L.L.C.

501 South Dakota Ave, Suite 2

Tampa, FL 33606

813-489-5562- Office

813-480-6077- Mobile

813-464-2867- Fax

djrondeau@baytobaylending.com

www.tampafloridamortgagebroker.com

NMLS Originator ID: 218498

Comments (2)

Chris Miller Nevada Land with Water Rights
Vegas Grand Realty and Property Management - Mesquite, NV
Land with Water Rights For Sale

USDA is great program for many families. The 100% financing is a two edged sword for the market and the consumers.

Feb 20, 2011 03:50 AM
DJ Rondeau
Bay to Bay Lending - Tampa, FL
FHA VA Loans Tampa - baytobaylending.com

Chris,

    That's a huge misconception. The best performing loan type in the country are VA loans and they are 100% financing.

Feb 20, 2011 03:57 AM