USDA - Purchase a Home at 100% LTV with Low PMI

Mortgage and Lending with E Mortgage Management NMLS ID # 214834

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! Jason Hands, an MLO for E Mortgage Management 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 lender - E Mortgage Management 

o Buyers must personally occupy the dwelling following the purchase

Please click on my personal website for more information or contact me @ 813-517-0799 for more information or to assist you in getting started on your home purchase.

Jason R Hands
E Mortgage Management 
13053 W linebaugh Avenue, Suite 102
Tampa, FL 33626
813-517-0799- Direct
813-385-1109 - Mobile
813-377-2905 - Fax  

NMLS Originator ID: 214834 FL # LO562



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Jason Hands

Purchase Specialist -
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