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Monthly Archives: February 2011
Appraisal process with USDA loans…one more benefit
So what is the story regarding the appraisal process and USDA loans? USDA loans are not required to go through all the new HVCC appraisal policy as Conventional / FHA loans today. There is no requirement that the appraisal has … Continue reading
Posted in General USDA Information
Tagged appraisal, daytona beach, fha loans, Florida, usda home loan, usda loans, usda rural development
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100% USDA home loan and swimming pools – some clarification
Many assume that swimming pools are not permitted under the USDA 502 guarantee program. Even more buyers/agents may not even be aware that pools can be an issue at all, here is some clarification – First, pools are not a … Continue reading
Posted in General USDA Information
Tagged destin, Florida, ocala, swimming pools, Tampa, usda mortgage
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USDA home loan mortgage eligible locations in Florida
The USDA home loan program is limited to certain eligible areas deemed “rural” by the USDA/Rural Development. We frequently receive questions about the areas in Florida that are eligible for the program. The USDA says that to be eligible a … Continue reading
Upcoming FHA mortgage insurance increase makes USDA that much more better
The Federal Housing Administration announced that it will be increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed starting April 18th The insurance increase is in response to a congressional mandate … Continue reading
Posted in General USDA Information
Tagged fha loan, fha mortgage, Florida, mortgage insurance, PMI
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USDA home loan closing costs ?
USDA home loan closing costs? What can you expect? We have received many questions lately regarding USDA financing and closing costs. Generally speaking, for a new home purchase in Florida the buyer can expect to pay 3 -6% ( … Continue reading