USDA Home Loan Benefits – First time buyers, Teachers

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There are many reasons first time homeowners apply for a USDA Guaranteed Home Loans before any other.  First and foremost, USDA is the only home loan program in Florida that still offers 100% financing with no money down!   Many rural and small community families and individuals may be eligible to become homeowners with the help of a USDA guaranteed home loan. Even many popular suburbs around Tampa, Orlando, Tallahassee, Gainesville, Jacksonville, Tampa and Ocala are eligible!

When the federal government agrees to guarantee a loan, lending institutions can help buyers while incurring less risk. Through USDA’s Guaranteed Rural Housing Loan Program, low- and moderate-income people can qualify for mortgages even without a down payment. That’s right, 100% financing is still possible in Florida.  Read more... (450 words, estimated 1:48 mins reading time)

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USDA Eligible Location Map – Staying same for now

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USDA Rural Development was set to change the approved locations (map) for the USDA home loan program this month.  USDA is supposed to do this periodically as new census data is completed.  It was announced this week, any map changes have been delayed.  This is great news for first time home buyers wanting to take advantage of 100% financing. If you are looking to purchase a home in a more populated area, it may be good idea to do it sooner than later.  Read more... (332 words, estimated 1:20 mins reading time)

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New USDA Refinance Program Offer Low Rates

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The USDA Pilot refinance mortgage program is now available to help homeowners that currently have a USDA mortgage refinance at a lower 30 Year fix interest rate. The best part is the USDA refinance program does not require an appraisal, equity, home inspection, or calculating debt to income ratios as long as household is under the USDA income limit for the county in which the property is located.   With the new USDA refinance guidelines, it provides a less restrictive streamline form of refinancing thus saving homeowners money.

The USDA Rural Development Pilot refinance program guidelines include the following:  Read more... (466 words, estimated 1:52 mins reading time)

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USDA No Down Payment 100% Financing

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100% home financing is hard to find these days, especially in Florida. There are only a few options left – VA and USDA.   USDA is often overlooked, now is the time to discover the benefits of USDA and how it can help you purchase a home with little money out of pocket.  Most people think in order to get a USDA loan the property has to be way out in the county….not true. You would be surprised the houses that are USDA eligible, many properties right around town.  Read more... (408 words, estimated 1:38 mins reading time)

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100% Mortgage USDA Highlands County Florida

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Did you know Highlands County Florida (Avon Park, Lake Placid, Leisure Lakes, Lorida, Sebring and Venus) is totally eligible for the 100% USDA Rural Development loan?  USDA Rural Housing is a great way for Florida first time homebuyers to purchase a home without a down payment.   USDA is the only loan in Florida that still allows $0 down payment for Florida’s non military residents. USDA does have some lender eligibility and loan qualifying requirements – we have listed the latest for 2013 below.  Read more... (551 words, estimated 2:12 mins reading time)

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Marion Alachua County First Time Buyer Program

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Purchasing your first home in Florida can be exciting and a little stressful at the same time.  Just mention buying your first home and suddenly there are real estate agents, friends and mortgage lenders who seem to appear out of nowhere.

Yet knowing you want to buy your first home and finding out how to do exactly that can be two very different things.  How much can you afford? Or better yet, how much do you want to pay each month for a house payment?  Is your credit good enough?  How much money will you need to put down? What mortgage  program? 100% USDA, FHA, VA or Conventional mortgages?  Read more... (549 words and 1 image, estimated 2:12 mins reading time)

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HARP Home Loan Refinance Tampa

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The updated version of HARP 2.0 mortgage, released in March 2012 has made it easier for Tampa homeowners who are upside down on their property to refinance into today’s current rates.  As long as the mortgage is owned by Fannie Mae or Freddie Mac and recorded before June 1, 2009, Florida homeowners who couldn’t refinance due to the value of their home being below their mortgage balance, now have a legitimate option to reduce their monthly mortgage payment. Although the HARP 2.0 program has its own guidelines, lenders can have their rules (or “overlay”) requirements.  Read more... (461 words and 1 image, estimated 1:51 mins reading time)

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Orange & Seminole County – HARP Mortgage Refinance

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Listed below are some commonly asked questions regarding the HARP refinance mortgage in Orange / Seminole County Florida :

Q:  I purchased my home in 2006 and currently owe a lot more on my mortgage than my home is worth, can the HARP refi program help?

A:  Yes! As long as you meet the basic requirements found here.  Your homes loan to value ( how much you owe) is not important when doing the HARP refinance.

Q:  I understand my loan has to be a Freddie Mac or Fannie Mae owned loan to be eligible for the HARP program – how do I find out which one I have?   Read more... (432 words, estimated 1:44 mins reading time)

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USDA Rural Development Mortgage Guide 2013

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Interest rates and home prices remain at all time low levels and USDA remains a great mortgage solutions for first time buyers that want to purchase a home with NO money down. USDA still remains the only 100% no money down home loan available to Florida citizens. Below you will find all the general loan application and qualifying requirements for USDA Rural Development home loans in 2012 -2013. Please read below and contact us with any questions.   Read more... (421 words and 1 image, estimated 1:41 mins reading time)

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USDA Mortgage Loan Naples FL

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USDA home loans are a popular mortgage choice in Naples Collier County these days.  Why? USDA Rural Development still offers 100% financing and all of Collier county is eligible for the program. Listed below are a few of the benefits that make USDA rural housing so popular today.  Read more... (155 words, estimated 37 secs reading time)

  1. USDA offers 100% no money down financing.
  2. Any HUD approved single family home, townhome, etc is ok regardless of the seller.
  3. USDA permits the buyers closing cost to be paid by home sellers.
  4. USDA permits gift funds for buyer that choose to put money down on their home loan.
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