Clay and Bradford County homebuyers still have an opportunity to purchase a home with $0 down payment thanks to the Government insured USDA Rural Housing mortgage. Many locations around Orange Park, Middleburg, Green Cove Springs are eligible and approved for the 100 percent USDA loan in 2015 - 2016. USDA home loans have many benefits - in addition to being the only 100% mortgage available to non veteran home buyers in Florida:
- Buyer purchase a home with no money down, plus the buyers closing costs can be included into the loan or paid by the seller of behalf of the buyer. The benefits is buyers often times end up putting very little money into the transaction. Buyers should be prepared to pay a refundable deposit (typically under $1,000) when they go under contract as is customary for most purchase transactions in Florida.
- Easy underwriting and approvals. In most cases a credit score of 620 is needed for approval.
- Monthly mortgage insurance (PMI) is nearly 40% less the cost of comparable loans of FHA and Conventional loans. If you are a homebuyer planning to do an FHA loan, be sure to take a close look at the USDA loan option simply for the cheaper mortgage insurance costs.
- Fixed secure 30 year interest rates. No adjustable rates (ARM) or pre payment penalties to be concerned about. Mortgage payments will stay the same.
- USDA loan pre approvals take only 15 minutes, no big special class or education requirements needed. Just contact below to get started today.
Contact USDA Mortgage Source at Ph: 904-302-6060 7 days a week with any questions or get started.
Serving all of Florida including: Clay and Bradford County, Middleburg, Green Cove Springs, Hampton, Lawtey, Starke, Keystone Heights, Orange Park, Fleming Island, Doctors Inlet, Penney Farms.
