Great news for all of Hardee and De Soto County home buyers, both counties are currently 100% eligible for the USDA 502 Guarantee Loan. This is especially great for first time buyers around Arcadia, Bowling Green, and Zolfo Springs that have limited cash savings needed for conventional home loans. Most conventional home loans today require a minimum of 10% down payment. Even the FHA loans require a 3.5% down payment.
Not only does the USDA allow buyers to purchase a home with $0 down payment, buyers can also roll their closing costs into their loan, or have the home sellers pay. With a properly negotiated purchase contract, a homebuyer can purchase with very little money out of pocket. The only other home loan that permits 100% financing in Florida is a VA mortgage, however this is only reserved for military and veterans.
Some of the great features of the USDA program in Hardee – De Soto County include:
- 100% financing.
- Reduced monthly mortgage insurance (when compared to other loans)
- You don’t need to be a first time home buyer.
- No buyer class or school required , close in as little as 40 days.
- Any habitable single family home in Hardee or De Soto County is approved for the Rural Housing USDA loan. Mobile homes are not allowed.
Call us at 800-743-7556 with questions, please also visit www.UsdaMortgageSource.com. If you need assistance with starting a new USDA loan application or pre approval, please just submit the quick info request on the right side of your screen.
We serve Hardee & De Soto County 7 days a week including Bowling Green, Ona, Wauchula and Zolfo Springs. Arcadia, Brownville, Cubitis, Fort Ogden, Hull, Lake Suzy, Lansing, Nocatee, Southfort, Hardee,De Soto County– USDA 100% Financing Loan