100% FINANCING FOR HOME BUYERS IN FLORIDA - USDA LOAN

By
Mortgage and Lending with Canopy Mortgage 89769

USDA Loan 100% no down payment mortgage in Florida

No Down Payment - No Money Down Home Loan

A USDA Home Loan allows you to finance 100% of the home's value.

USDA loans are insured by the United States Department of Agriculture.

The USDA Rural Development Guaranteed Housing Loan is intended to serve low to middle income families purchasing homes outside of metropolitan cities.

 

The average household income limits for a USDA home loan in Florida range from 74,750- 102,800 depending on what county you live in. The household income limits also vary according to how many occupants in the home. Use the link below to search the USDA home loan income limits per counties for the state of Florida.

The map below shows the USDA loan eligible areas for the entire state of Florida. As you can see the majority of the state qualifies for USDA financing. Go to the USDA property eligibility screen for more specific information.

USDA home loan income limits per counties for the state of Florida:  USDA Home Loan Income Limits Florida

 

  • NO down payment – Finance 100% of the appraised value of the home
  • NO maximum USDA loan amount in Florida.
  • Flexible credit guidelines
  • Competitive, fixed interest rates so payments do not increase
  • USDA Loans are for new and existing properties
  • Buyers can receive sellers concessions for closing costs, or roll into their loan with supporting appraisal
  • Low 30 year fixed interest rates
  • Zero penalties for paying off the loan early
  • NO restrictions on how long you must live in the home

 

Some common misconceptions of USDA Loans:

  • They are just for farmers - USDA Loans are not "just for farmers," millions of people from all walks of life already qualify.
  • FHA or Conventional Loans are better - USDA Loans often offer better terms than an FHA or conventional loans.
  • They aren't flexible - Actually, USDA Home Loans can be used to buy a new home or refinance to a lower rate.
  • Only certain people can qualify - Anyone who meets the income and credit guidelines can qualify for a USDA Home Loan.
  • They are only for rural areas - Actually, USDA Loans are available in many areas that most people would not consider rural. For example, many small communities just outside of metropolitan areas qualify as rural areas according to the US Department of Agriculture.
  • They are harder to get than FHA or Conventional Loans - This just isn't true.  In many cases USDA Loans are actually easier to get because the loans are guaranteed by the government.

 

USDA Loan Qualifying:

 To be approved for financing, here are some of the minimum  guidelines required for to qualify for a USDA Loan:

  • 620 or greater credit score with no serious financial hardships in the previous 4 years.
  • Proper utilization of credit/debt to income. Buyers total monthly debt requirements with new mortgage expenses should not exceed 30% of their monthly gross income.
  • Income and assets that can be documented via tax returns, bank statements, etc.
  • Good two-year job history without any unexplained breaks in employment. Explainable long term gaps due to maternity, illness, etc., can be approved when documented.

Contact me today to get more information on USDA LOANS IN FLORDA or to Apply For a USDA Loan 904-712-1500 www.CheckHomeLoans.com      www.GoCheckRates.com

 

 

 

 

 

Apopka | Aventura | Boca Raton | Bradenton | Brandon | Cape Coral | Clearwater | Clermont |Cocoa Beach | Coconut Creek | Coral Gables | Crestview | Crystal River | Daytona Beach | DeLand | Deltona | Delray Beach | Destin | Dunedin | Englewood | Fernandina | Flagler Beach | Fort Lauderdale | Fort Myers | Fort Pierce | Fort Walton Beach | Gainesville | Green Cove Springs | Hallandale | Hobe Sound | Hollywood | Homestead | Inverness | Jacksonville | Lakeland | Lake City | Lake Mary | Live Oak | MacClenny |Melbourne | Miami | Milton | Mount Dora | Naples | Ocala | Ocoee |Ojus | Orange Park | Orlando | Ormond Beach | Palatka| Palm Bay | Panama City | Pensacola | Pompano Beach | Port Charlotte | Port St. Lucie | Punta Gorda | Santa Rosa | Sarasota | Siesta Key | Springhill | St. Augustine | St. Petersburg | Sunny Isles | Tallahassee | Tamarac | Tampa | Titusville | Venice | Vero Beach | Weeki Wachee | Wesley Chapel | West Palm Beach | Winter Garden | Winter Haven | Winter Park | Winter Springs | Zephyrhills | Florida | Fla |FL

Alachua | Baker | Bay | Bradford | Brevard | Broward | Calhoun | Charlotte | Citrus | Clay | Collier | Columbia | Dade | De Soto | Dixie | Duval | Escambia | Flagler | Franklin | Gadsden | Gilchrist | Glades | Gulf | Hamilton | Hardee | Hendry | Hernando | Highlands | Hillsborough | Holmes | Indian River | Jackson | Jefferson | Lafayette | Lake | Lee | Leon | Levy | Liberty | Madison | Manatee | Marion | Martin | Monroe | Nassau | Okaloosa | Okeechobee | Orange | Osceola | Palm Beach | Pasco | Pinellas | Polk | Putnam | St. Johns | St. Lucie | Santa Rosa | Sarasota | Seminole | Sumter | Suwannee | Taylor | Union | Volusia | Wakulla | Walton | Washington | County 2018

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Location:
Florida
Tags:
florida mortgages
florida 100 financing
usda loans florida
va loans florida
first time home buyers florida
no money down fl
check home loans

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
190,948

Leo Namiot

Outstanding Service & Great Rates
Have a question?
*
*
*
*
Spam prevention

Additional Information