Monthly Archives: September 2010

USDA Closing costs, Rural Housing, Rural Development

QUESTION: I have a very limited of cash available to pay my closing costs. Can the closing costs be included in my USDA loan? Thanks! F. Kearns / Sarasota, FL ANSWER: Thank you for your question. Yes, you have a … Continue reading

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USDA Mortgage Home Loan income limits?

QUESTION: What are the current income restrictions for USDA home loans in Florida? H.Clark / Naples, FL ANSWER: In Florida the eligibility limit for 1-4 person family is between $74,050 – $91,000 gross income per year.  The exact amount depends … Continue reading

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Q&A – Terms of USDA Home Loan Mortgage?

QUESTION: What are the terms and interest rates of a Florida USDA home loan? D.Jeffries / Pensacola, FL ANSWER: Thank you for your question. The USDA home loan is a basic 30 year fix mortgage. There is no pre-payment (early … Continue reading

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100% mortgage home loan? Only USDA Rural Housing

100% home financing is hard to find these days, especially in Florida. There are only a few options left – VA and USDA home loans.  USDA is the only option left for (non-military) citizens in Florida.  Often overlooked, now is … Continue reading

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Realtor- Florida USDA Home Loan Mortgage

USDA Mortgage Source works closely with many great realtors around the state of Florida -  Tampa, Orlando, Jacksonville, Tallahassee, Ocala, Gainesville and everwhere in between. Our partnering realtors specialize in USDA and first time home buyers.  They can greatly assist you … Continue reading

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