USDA Homebuyer Q&A

Home Buyer Q&A
USDA home loan questions
USDA mortgage questions

How to find approved USDA Rural Home

Posted on June 11, 2012 by USDA Mortgage Source

So how do homebuyers find approved USDA Rural Home homes in Florida?  The USDA 502 Guarantee program is for any single family home, condo or townhome that is physically located in a USDA approved eligible location. It doesn’t matter who is … Continue reading →

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Frequently asked USDA RURAL Housing Loan questions

Posted on May 8, 2012 by USDA Mortgage Source

Each day we receive many questions regarding the USDA mortgage here in Florida. Below we have outlined some of the most common questions and answers home buyers have about the program. Question: Is the USDA Rural Housing program only for … Continue reading →

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Q&A – Down Payment Assistance Program First Time Buyers 2012

Posted on April 23, 2012 by USDA Mortgage Source

Question:  Can I use first time buyer down payment assistance with the USDA loan? How does this work with the USDA mortgage? Charlotte M – Sarasota, FL Answer: The USDA mortgage program is 100% home financing by default. So no … Continue reading →

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USDA Rural Housing Down Payment

Posted on March 25, 2012 by USDA Mortgage Source

Florida Home buyers interested in the 100% USDA mortgage often ask if they can put money down on their loan? The short answer is yes. USDA Rural Development is 100% financing, however, buyers can certainly put in a down payment … Continue reading →

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Q&A – USDA home loan property type

Posted on February 15, 2012 by USDA Mortgage Source

Question: I have completed my USDA application and have my loan preapproval. I want to purchase my first home in the next few months. Does the home I purchase have to be approved by USDA first – what type of … Continue reading →

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