USDA, also know as Rural Housing RHS mortgage loans are available to all qualified and eligible home loan applicants in Florida. The program is a 100% financing government backed 30 year fixed mortgage with low interest rates. USDA’s most popular home loan program is the 502 guaranteed loan, this loan is available for all moderate income households with income below the USDA income cap see here.
In addition to the USDA 502 Guaranteed program, the USDA also offers the “Direct” program which is often used to serve lower income applicants. Applicants who want to apply for the USDA Direct program should contact their local USDA office directly. Applicants with higher income wishing to apply for the USDA 502 Guaranteed program should contact any of the approved USDA lenders or banks in Fla. Keep in mind, the Department of Agriculture and Rural Housing does not directly offer the 502 Guaranteed mortgage, these must be originated through approved USDA lenders only.
Applicants applying for the USDA mortgage can often apply over the phone in under 30 min. The loan application process is pretty simple and quick. Loan applicants can read more about the USDA loan application process here.
To be eligible for the USDA Rural Development program, borrowers must meet two critical eligibility factors: First, the home you purchase must be located in a approved USDA zone. Second, your household income must be below the income cap. Buyer can read all the most popular USDA FAQ’s here and things you need to know about the program. Have questions or want to get started on the USDA loan process? just submit the short Info Request Form on the right side of this page for fast service. Mobile users can find the Info Request Form here. You can also contact us at 7 days a week at ph: 800-743-7556
Applicants that are not eligible for the USDA program, please contact us to discuss other min down payment mortgage options available here in Florida.
Where To Apply For USDA Loan