The newest USDA Pilot Refinance mortgage loan process is now available to a good number of rural home owners in MacClenny and throughout The State of Florida. The new USDA Rural Development Pilot Refinance mortgage will allow Florida’s rural home owners to refinance their mortgage to a lesser rate of interest regardless of the home loan to property value ratio. Even upside down and under water loans also qualify with this new program.
There aren’t any up front charges to the owner of the home as closing costs can now be included in the modern USDA mortgage. In order to qualify for the USDA rural refinance program, Florida homeowners must currently have either a direct USDA loan or a USDA 502 full guarantee mortgage. Please be aware you must already have a USDA rural housing mortgage to be qualified for this loan program. If now have a traditional mortgage loan or FHA loan there are different options offered.
The most up-to-date USDA Pilot Refinance mortgage process will help to curb the bureaucracy generally observed with traditional bank loan refinancing and often times save borrowers hundreds of dollars monthly. In order to become qualified, home owners must have made their mortgage payments on schedule for 12 continuous months. Right now more than 40,000 applicants qualified in Florida exclusively – numerous home owners in the communities including Gainesville, Tampa, Jacksonville, Orlando, Lakeland and Ocala are qualified!
Conditions of the newest USDA Rural Refinance Pilot program include:
MacClenny, FL USDA Rural Home Refinance Loan
The major goal of the USDA refinance package is to assist Florida’s rural homes who have done anything and everything right, but sometimes have lost sizeable equity in their home on account of the recent real estate market swings. A great number of Florida home owners make their home loan payments on schedule but can’t capitalize on the historic low interest rates because of deprecation in home values and home equity rules set up by many lenders and finance companies. This particular new USDA Pilot Home refinance loan package is meant to help support house owners, despite latest loan to value or negative home equity.
Questions about the Florida streamline USDA re-finance mortgage? Simply complete the fast information form (top right area of this web page) or just call us 7 days a week/ 9am-8pm at 800-743-7556. Keep in mind currently we exclusively be of assistance to individuals with houses located within The State of Florida.