October 2014 brings lenders much the same as last month in regards to USDA mortgage interest rates. Florida USDA 30 year fix interest rates continue to stay in the low 4 percentage range, right about the lowest point of 2014. Home loan borrowing costs are low, it’s a great time for first time home buyers to enter the housing market. With USDA interest rates so low, buyers often find that homeownership is often times cheaper than renting! Learn more about all the USDA program FAQ here. 100% home loan financing with little money out of pocket is still possible.
Also for homeowners that currently have a USDA Rural Housing loan, please don’t forget about the USDA Pilot Refinance program. With USDA interest rates so low in October, it may be a good time to refinance your current USDA loan into a new loan with a lower interest rate and payment. All of the USDA Refinance QA can be found here.
If you have questions regarding interest rates, qualifying, etc – please just send the info request form on the right side of this page, or call 800-743-7556. Visit www.usdamortgagesource.com for more information.
October 2014 USDA RD Loan Rates