Tag Archives: usda home loan

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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Florida First Time Home Buyers

Posted on March 13, 2012 by USDA Mortgage Source

Many FL first time home buyers face one big challenge when trying to purchase their first home, down payment! Many first time buyers do not have the down payment required today for a conventional or FHA home loan.  The 100% … Continue reading →

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USDA Mortgage Guarantee & Annual Fee changes

Posted on July 5, 2011 by USDA Mortgage Source

USDA / Rural Housing just announced that starting October 1st 2011 the USDA up front (one-time) Guarantee Fee will be changing. In addition to this, USDA /Rural Housing will be adding an annual fee to the program. August 2012 – … Continue reading →

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USDA home loan terms – Florida USDA Mortgage

Posted on June 7, 2011 by USDA Mortgage Source

We have received many questions regarding the terms of USDA home loans. 100% USDA mortgage terms are very basic – 30 year fix rate.  USDA does not offer adjustable rate terms (ARM)  In addition, the USDA homebuyer will be required … Continue reading →

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USDA home loan mortgage Orlando – improvements & appraised value

Posted on June 5, 2011 by USDA Mortgage Source

  USDA home loan Orlando – improvements & appraised value Question: I was reading that USDA will lend up to the appraised value of my new home.  If I purchase the home for $110,000 and the appraised value is $120,000, … Continue reading →

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