Florida USDA, Florida RURAL DEVELOPMENT, RURAL HOUSING FLORIDA

GUARANTEED RURAL HOUSING LOAN

For the most up to date USDA home loan information please click here!

Please note, manufactured or mobile homes and raw land are NOT permitted.

Florida USDA Loan Advantages

• No Down Payment Required with USDA Rural Housing!
• Low 30 Year Fix Rate with NO Pre Payment Penalty
• 102% LTV (100% plus guarantee fee)
• Finance Closing Costs With USDA If Appraisal Is Higher Than Sales Contract
• Very Low Mortgage Insurance
• No Cash Contribution Required From Borrower
• No Maximum Loan Amount
• No Cash Reserve Requirement
• Buyers Closing Costs Can Be Included Into Borrowers USDA Home Loan Or Paid By seller (up to 6%) 
• Competitive Interest Rates (set by underwriting USDA lenders)
• Backed by the US Government

Rural Development designated Florida rural area

Homes must be located in Florida USDA rural areas.

Many people are surprised of what exactly is considered “Rural”  Many popular locations just outside of Jacksonville FL, Tampa FL, Gainesville FL, Ocala FL, Lakeland FL, Sarasota FL, Tallahassee FL and Orlando FL are USDA Rural Housing eligible! Rural areas include open country and places with a population of 10,000 or less and-under certain conditions-towns and cities with between 10,000 and 25,000 residents. There is an automated rural area eligibility calculator at http://eligibility.sc.egov.usda.gov

Please visit our partners at www.UsdaMortgageSource.com for the latest 100% USDA home loan information in Florida. They are always happy to assist you with any USDA loan questions or your USDA loan application.