The new USDA Pilot Refinance mortgage loan process is now available to thousands of rural men and women in Sunny Isles and all through The State of Florida. The new USDA Rural Development Pilot Refinance mortgage will allow Florida’s rural homeowners to refinance their mortgage to a less expensive rate of interest regardless of mortgage loan to home and property value ratio. In addition upside down and under water loans also qualify with this new program.
There are not any out of pocket fees to the home owner as closing costs can now be included in the latest USDA Pilot home loan program. In order to qualify for the USDA rural refinance program, Sunny Isles, FL home owners must currently have either a direct USDA loan or a USDA 502 fully guaranteed mortgage. Please be aware you need to presently have a USDA rural housing mortgage to be eligible to this program. If you’ve already had a previous conventional loan or FHA loan there are different options to be had.
The most recent USDA Pilot Refinance mortgage loan program will prevent some of the paperwork routinely experienced with traditional bank refinancing and potentially save borrowers hundreds of dollars per month. To become qualified to apply, homeowners are required to have made their home loan payments in a timely manner for 12 consecutive months. Right now there are over 35,000 men and women eligible in Florida alone – many home buyers in the metropolitan areas of Lakeland, Ocala, Gainesville, Tampa, Jacksonville and Orlando are qualified to apply!
Requirements of the new USDA Rural Refinancing Pilot program include:
Sunny Isles USDA Rural Refinance
The predominant function of the USDA refinance application is to aid Florida’s rural homes which happen to have done everything properly, but could have lost major equity in the home resulting from the recent real estate market changes. A great deal of Florida home buyers are making their home loan payments in a timely manner but cannot reap the benefits of the historically low interest rates because of deprecation in residential home values and equity rules applied by many lenders and banks. This important new USDA Pilot Refinance package is created to help out homeowners, no matter what the existing LTV or negative equity.
Questions about the Florida streamline USDA refinance loan? Simply fill out the short information form (upper right section of this web page) or simply give us a call Seven days a week/ 9am-8pm at 800-743-7556. Take note we currently exclusively aid house owners with properties located within The State of Florida.