First time buyers around Arcadia and Sebring can still purchase a home with NO money down! The USDA 502 Guarantee program is available in ALL of Desoto, Hardee, Highlands and even parts of south east Manatee County. The USDA mortgage is perfect for Arcadia, Sebring First Time Buyers that are tired of renting but don’t have the huge savings needed by most loan program. Myakka City, Bowling Green, Sun City, Zolfo Springs, Wauchula, Sebring, Avon Park, among many other locations in the area are 100% approved USDA eligible.
The USDA RD program offers 100% home financing in select rural (less populated) locations – all in an effort to encourage expansion of Florida’s rural areas. The USDA Rural Housing loan is offered by approved brokers, banks and lenders and backed by the federal government. Any home buyers that decides to purchase a home in these locations can apply. A few things below to denote:
- The USDA mortgage program has income limits in place – depending on the size of the household and county. See the current USDA income limits here. If you are over the income limit, please contact us to discuss alternative options.
- The home a buyer decides to purchase must be located in a USDA eligible location. Hardee, Desoto, and Highlands county are 100% approved areas. Contact us if you need help finding a USDA approved home in your area.
- Buyers can purchase any single family home – the property doesn’t need to meet any special requirements. Only basic HUD standards ( safety, structural, roof) that apply with all government home loans. If the home is in basic sound condition (move in ready) it should be fine.
- If you are already pre approved for the FHA mortgage, you own it to yourself to also look at USDA. Did you know the USDA loan mortgage insurance costs is almost 40% less than FHA? This can save some buyers over $100 per month on their mortgage payments.
- No tedious obstacles, education or grant requirements needed to get a loan pre approved. Contact us and get approved for 100% financing in minutes. If you want to get started, just submit the short Info Request Form on the right side of this page. Mobile phone users can find the Info Request Form here. You can also call us 7 days a week at ph: 800-743-7556
USDA Mortgage Source is Florida’s leader in 100% home financing, specializes in USDA loans. We service all of Fla & GA including – MANATEE county – Anna Maria, Bradenton, Myakka City, Palmetto and Parrish. DESOTO county – Arcadia, Brownville, Lake Suzy, Nocatee. HARDEE County – Bowling Green, Ona, Wauchula and Zolfo Springs. Highlands County: Avon Park, Lake Placid, Sebring FL