USDA Rural Housing loan limits mirror the conforming loan limits set each year by FAFA. These mortgage limits are based on property location (state & county) For 2021, most of the U.S. has a limit … [Read more...] about USDA-Rural Housing Loan Limits 2021
We often receive questions regarding USDA loans and monthly mortgage insurance or "PMI" as this is commonly referred to. Monthly mortgage insurance is often required for loans when the down payment is … [Read more...] about Do USDA Loans Require Mortgage Insurance?
The United States Department of Agriculture's home loan program is designed to help those wanting to live in a rural area. At first glance, one might think there really are very few areas where rural … [Read more...] about USDA Loans and Seller Concessions Closing Costs
USDA loans are unique because the program has eligibility requirements, in addition to normal mortgage qualifying standards. Most loans like Conventional, FHA, etc just require the borrower qualifies … [Read more...] about Florida USDA Property Lookup and Income Calculation
Most mortgage programs today have loan amount limits in place. The exception is USDA and VA Loans. For standard Conventional loans, the limit for single-unit homes is $548,250 in most locations. … [Read more...] about USDA Rural Housing Loan Amount Limits
Mortgage interest rates, including USDA rates, have reached historic low levels as of late 2020. This trend should continue in 2021 as well. Due to the recent impacts of Coronavirus on the world … [Read more...] about USDA Refinance Rates Hit Historic Low Levels
USDA loans are still a little known mortgage that many buyers still are not aware of. This government-backed home loan offers up to 100% financing for eligible properties nationwide. The USDA Rural … [Read more...] about USDA Loans – What’s the Good and Bad?
Did you know that has a special FHA 203k renovation or “rehab” mortgage that provides financing for both the purchase and eligible repairs of a home? This program is fantastic for Florida buyers that … [Read more...] about FHA 203K Loan For Florida Residents
USDA loans have been around for quite a while, but still get little attention. That’s a shame because the USDA home loan program is perhaps the ideal option for those wanting to buy a home with no … [Read more...] about Florida USDA Loan Introduction
Today, FHA loans are the top mortgage for most first time buyers. This is primarily due to the low down payment required of just 3.5 percent of the sales price. In addition, there are no restrictions … [Read more...] about HomeReady and HomePossible Mortgage Explained