Applying for USDA mortgage is rather easy, the entire application process only takes about 15-20 minutes to complete. The USDA mortgage process is very similar to other loan programs. The key difference is that your USDA Home Loan is submitted to Florida USDA Field for final approval once the lender is underwriting process is complete. It’s a two step process. Below we will detail the steps to apply for USDA loan and some steps and things homebuyers want to do to prepare for the USDA pre-approval – loan application process.
- First, be sure to tell us your goals, our first priority is to help you fulfill your dreams of homeownership. But to help us do so, we need to know a little about your goals. What type of loan you are applying for? 100% USDA Loan, FHA Mortgage, VA Mortgage, etc. If you aren’t sure, that’s ok. Your mortgage loan advisor will discuss the difference between the programs, pro’s and con’s and things you need to know. If you are applying for the USDA Rural Home loan, be sure you first meet the eligibility factors in regards to property location and household income limits.
- Second, be sure to know all the basic questions that will be asked by the mortgage lender – Last (2) years of address history. Last (2) years of employment history – know the address, phone number, length of employment, salary. Date of Birth, Social, contact information. Also know your asset / bank information. The name of each bank and your balance in each account. Will you be the only borrower listed on the mortgage application? If not, be sure you have all the above for the co applicant as well.
- Third, what is your timeline? Is homeownership something you want to accomplish in the next few months? Few years? Let the loan officer know your timeline and they will help you better prepare.
To get started on your Florida USDA loan application, call us Monday – Sunday at ph: (904) 302-6060. You can also advance your request and have a specialist contact you today by submitting the information request on the right side of your screen. Serving all Florida home buyers including those in St. John, Duval, Nassau, Clay and Baker County – Jacksonville, Palm Coast, St. Augustine, Callahan, Yulee, Hilliard, Orange Park, Green Cove Springs.