QUESITON: Does USDA have loan limits in each county like FHA, etc? I’m looking to purchase my first home in Ocala / Marion County Florida. Any information would be helpful.
J. Barry – Ocala, FL
ANSWER: Up to date as of 2014 – No, there is no maximum loan limits with USDA. Your pre approved USDA loan amount will be based on your ability to repay. This will be determined in underwriting by reviewing your income, credit, debt to income ratios, etc.
USDA Mortgage Source is Florida’s top resource for all 100% USDA / Rural Development home loans. Destin, Gainesville, Leesburg , Port Charlotte and everywhere in between – please visit our main web site at www.UsdaMortgageSource.com or call 800-743-7556 to learn more about the benefits of 100% USDA / Rural Development home loans here in Florida. We are available to serve you seven days a week.
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