The latest USDA Pilot Refinance home owner loan process is now available to thousands of rural house owners in Dunedin and all over The State of Florida. The new USDA Rural Development Pilot Refinance mortgage makes it possible for Florida’s rural homeowners to refinance their home finance loan into a lower monthly interest rate no matter what the home loan to home and property value ratio. In addition upside-down and underwater loans also qualify with this new program.
There are not any out of pocket charges to the owner of the home as closing costs can now be included in the modern USDA Pilot Refinance. In order to qualify for the USDA rural refinance program, Dunedin, FL homeowners must currently have either a direct USDA loan or a USDA 502 guarantee mortgage. You should be aware you must currently have a USDA rural housing mortgage to be qualified for this program. If now have a common loan or FHA loan there are different alternatives that can be found.
The most up-to-date USDA Pilot Refinance mortgage program will help to curb the paperwork routinely seen with traditional bank refinancing and possibly save borrowers hundreds of dollars per month. In order to become qualified to apply, home owners must have made their home loan payments promptly for Twelve consecutive months. Right now there are over 35,000 customers able to apply in The State of Florida alone – a large amount of home buyers just outside the municipalities including Gainesville, Tampa, Jacksonville, Orlando, Lakeland and Ocala are eligible!
Prerequisites of the new USDA Rural Refinance Pilot program include:
USDA Rural Home Refinance in Dunedin
The predominant purpose of the USDA refi package is to assist Florida’s outlying homes that have done all things properly, but might have lost major equity in their home resulting from the recent home market fluctuations. Most Florida property owners make their mortgage repayments on-time but can’t make full use of the historically low interests because of deprecation in residential home values and home equity regulations carried out by most lenders and consumer banking institutions. The new USDA Pilot Refinance program is made to help out house owners, no matter what the current loan to value or negative equity.
Do you need more info on the Florida streamline USDA re-finance loan? Just complete the fast information request form (top right area on this web page) or phone us Seven days a week/ 9am-8pm at 800-743-7556. Keep in mind we currently only assist homeowners with houses located within Florida.