Tampa, Hillsborough 100% USDA Loan

Mortgage and Lending

Most Florida first time buyers don't have the means for the large down payments required by most mortgage programs today.  The good news is the 100% USDA 502 Guarantee home mortgage loans are offered to help lower to moderate income households purchase homes in Florida's rural areas and in some cases on the outskirts of larger cities like Tampa with NO DOWNPAYMENT requirement! USDA home mortgage loans offer many advantages to qualified borrowers looking to buy or refinance including:

  • 100% financing
  • Low monthly mortgage insurance
  • No asset requirements
  • Gifts allowed for closing costs
  • Required property improvements can be financed into the loan up to 102% of the “improved” value, which can be completed after closing. 

Eligible USDA property types include single family homes and condominiums (primary residence only). USDA does have some income and property eligibility requirements. The household income must be below the set county limits found here.  In addition, only certain areas of Pasco, Hillsborough and Manatee county are eligible for the USDA 502 Guarantee loan. Locations like Apollo Beach, Sun City, Ruskin, Palmetto, Ellenton, Odessa and Land O Lakes FL.  USDA charges a 2% funding fee to guarantee the mortgage, this fee is normally financed into the loan. Some important side notes for the USDA loan: 

  1. You can still qualify even if you are not a first time home buyer!  The USDA program isn't reserved exclusively for first time buyers.
  2. No Manufactured or Mobile Homes allowed.  
  3. No Livestock Buildings or Barns. 
  4. The home must be owner occupied. No investment homes or rental properties.
  5. 100% Financing available.
  6. Low Mortgage Insurance Premium.  You will be expected to pay a low mortgage insurance premium for as long as you have the loan.  The premium is about 1/3 the amount of comparable FHA and conventional loans.  
  7. The Current USDA Upfront Funding Fee of 2% of the loan amount.
  8. Buyers with excessive cash saved up and have the means for a conventional loan may be ineligible for USDA. 


The USDA loan pre-approval process only takes 15 min to complete. Interested homebuyers should contact us at ph: 800-871-2636 or visit - Five Stars Mortgage Here 


Serving all of Hillsborough, Pasco and Manatee County -  Tampa, Brandon, Riverview, Ruskin, Wesley Chapel, Land O Lakes, Fla. 

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 Five Stars Mortgage

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