Great news for all of Hardee and De Soto County home buyers, both counties are currently 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, but 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