The new USDA Pilot Refinance mortgage package is now available to a huge number of rural homeowners in Winter Springs and throughout Florida. The new USDA Rural Development Pilot Refinance mortgage makes it possible for Florida’s rural home owners to refinance their home loan into a lesser rate of interest regardless of the home 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 up front fees for the owner of the home as closing costs are now part of the modern USDA Pilot Refinance home loan. 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 are required to presently have a USDA rural housing mortgage to be eligible to the program. If now have a traditional loan or FHA loan there are different choices to choose from.
The newest USDA Pilot Refinance mortgage process will help to reduce the red tape commonly observed with traditional bank refinancing and often times save individuals with mortgages hundreds of dollars every month. To become qualified, home owners are required to have made their mortgage payments in a timely manner for 12 consecutive months. Currently there are over 40,000 customers entitled in The State of Florida alone – almost all home buyers in the communities including Lakeland, Ocala, Gainesville, Tampa, Jacksonville and Orlando are eligible!
Qualifications of the newest USDA Rural Home Refinance Pilot process include:
Winter Springs, FL USDA Rural Home Refinance Loan
The biggest goal of the USDA refinance application is to help Florida’s outlying homes which may have done all things right, but could quite possibly have lost considerable equity in the home caused by recent market fluctuations. Most Florida home buyers are making their home loan payments on time but could not make the most of the historic low interests on account of deprecation in residential home values and equity constraints implemented by most lenders and banking companies. The new USDA Pilot Refinance loan package is created to help house owners, regardless of the latest LTV or negative equity.
Questions concerning the Florida streamline USDA refinancing plan mortgage? Simply submit the quick info request form (upper right area on this web page) or give us a call 7 days a week/ 9am-8pm at 800-743-7556. Please note we currently only serve people with property located in The State of Florida.