Over the past five years the USDA Rural Housing loan program has exploded in popularity thought Florida. As seen in the chart below, this explosive growth is mainly due to the fact that the USDA Rural Development mortgage is the last remaining 100% financing home loan available in Florida. That’s right, no other mortgage program offer 100% no money down for Florida civilians.
In addition to being a Government-backed mortgage program, the USDA (United States Department of Agriculture) loan offers very low 30 year fix rate terms and flexible qualifying criteria. Home buyers can also include or roll in their closing costs with a higher appraised value! The flexibility of the Florida USDA mortgage is unmatched. All first time home buyers and move up home buyers should take a close look at the no down payment USDA option for their next home purchase.
You can learn more about the USDA qualifying and eligibly requirements right here on the blog or at www.UsdaMortgageSource.com
Questions? Let us help – please submit the form on the right side of your screen or call us at 800-743-7556.
Serving all of Florida 7 days a week including Pensacola FL, Crestview FL, Santa Rosa Beach FL, Destin FL, Panama City FL, Fort Walton Beach FL – USDA Mortgage Source is Florida’s premier rural housing provider.
