Florida USDA homebuyers, please note that the scheduled USDA funding fee and annual fee changes will be implemented October 1st 2011. We talked about this in detail back in July, please click here. To recap – the standard USDA Rural Development one time funding fee will decease to 2% ( down from 3.5%) In addition to this funding fee change, USDA will add a .3% monthly premium we did not have before. All in all, the net impact will be around $20.00 increase in monthly mortgage payments for most USDA home financing users.
NOTE – PLEASE CLICK HERE TO READ NEW UPDATES AS OF 8/1/2012
The key component remains unchanged!! 100% financing in Florida… Yes, NO money down needed. USDA is the only remaining zero down payment home loan option for non military home buyers.
NEW UPDATE as of 6/25/2015 – please read about the latest USDA Guarantee fees here
Questions? We are here to help, just fill out the short info request form on the right side of this page, a USDA loan specialist will contact you. You can also call us 7 days a week at 800-743-7556. We proudly service the entire state of Florida including Indian River County, Martin County and St. Lucie County
Please visit www.UsdaMortgageSource.com for all the latest program information. Please visit www.FhaMortgageSource.com to learn more about the Florida FHA loan if you are not located in a USDA eligible location.