This is just a reminder to all proactive Florida USDA home buyers that starting Oct 1st the cost of USDA home loans are going up…slightly. USDA Rural Housing will be adding a monthly mortgage insurance premium (like FHA, etc) on top of the already present USDA Rural Housing funding fee. What does this mean to future home buyers looking to use the USDA mortgage after Oct 1st? Basically your USDA monthly mortgage payment will be increasing – around $20.00 per month (based on the average USDA home purchase price of $120,000) Not the end of the world, after all did we mention the USDA program is the only $0 down payment home loan available to Florida civilians?
8/1/2012 – please click here to read important updates
Learn more about Rural Development housing by visiting www.UsdaMortgageSource.com Serving the state of Florida 7 days a week, USDA Mortgage Source is Florida’s Government home loan leader.
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Looking to purchase a home in a more populated location of Florida? Click here to learn about the FHA home loan in Florida.
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