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
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USDA Rural Housing Loan Amount Limits
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 $510,400 in most locations. … [Read more...] about USDA Rural Housing Loan Amount Limits
USDA Refinance Rates Hit Historic Low Levels
Mortgage interest rates, including USDA rates, have reached historic low levels as of Spring 2020. Due to the recent impacts of Coronavirus to the world economy, interest rates have decreased to … [Read more...] about USDA Refinance Rates Hit Historic Low Levels
USDA Loans – What’s the Good and Bad?
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?
FHA 203K Loan For Florida Residents
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
Florida USDA Loan Introduction
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
HomeReady and HomePossible Mortgage Explained
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
Big Changes For VA Home Loan in 2020
VA home loans provide a great benefit to those who have served in this great country. The program is one of the last mortgages that still allows up to 100% financing for eligible veterans. Not only is … [Read more...] about Big Changes For VA Home Loan in 2020
Gainesville Mortgage Programs With Minimum Down Payment
When buyers are getting ready to purchase a home, one of the first thoughts that comes to mind is the money needed for a down payment. Different loan programs have different down payment requirements … [Read more...] about Gainesville Mortgage Programs With Minimum Down Payment
USDA Rural Housing Income Limits 2020
Great news for homebuyers, USDA Rural Housing announced the new income limits for the USDA 502 Guaranteed Rural Housing loan program. The new income limits started in July and will carry into the … [Read more...] about USDA Rural Housing Income Limits 2020