Orlando, Florida USDA Loans

Mortgage and Lending with Waterstone Mortgage - The Wellington Group

When Congress passed legislation earlier this year eliminating seller funded down payment assistance programs, the availibility of 100% financing programs was reduced to only those qualified for a mortgage through the Veterans Administration, and one other little known mortgage program, offered through the United States Department of Agriculture.

The USDA program offers 100% financing with no mortgage insurance.  It does have limits, with the two main restrictions being geographic and a cap on household income.  However, there is good news about the income limits.

Effective January 20th, 2009, households with less than 4 people will have an income limit of $70,750, and households between 5-8 people will have an income limit of $93,400.  These expanded limits will open up the USDA Program to a much wider group of potential home buyers.

Use the link below to check state and county maps for geographic and property eligibility.


To learn more about this program call me directly at 407-644-0870.

Mike Smalley, CMPS

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