Mortgage and Lending with Bay to Bay Lending, LLC NMLS 343112
Owning a home is simple with the USDA Loan Program. If you think it is out-of-reach for you and your family, you might be thinking wrong!  Tony Marra, an Mortgage Banker for Bay to Bay Lending in Tampa, Florida explains the USDA program in this article.
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.
2. Be a U.S. citizen, currently reside in the United States, qualified alien, or be legally admitted to the United States for permanent residence;
3. 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:

· Modular new and existing homes

· A newly built or existing home

· 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

o Loans may go up to 102% (With Guarantee fee included)

o No down payment is required

o Mortgages are 30-year fixed rate at market interest rates

o Sellers may contribute to the buyer's closing costs

o Home buyers complete a Loan Application with participating lenders- Bay to Bay Lending 

o Buyers must personally occupy the dwelling following the purchase

Please click on my personal website for more information contact me @ 813-842-7999 for more information or to assist you in getting started on your home purchase.



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