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USDA Loans
USDA Loans
< Mortgage Options

Florida USDA Loans

Florida USDA loans

Within the United States Department of Agriculture (USDA), there are two different home loan programs: The USDA Guaranteed Rural Home Loan and USDA Direct Home Loan. USDA Guaranteed provides low and moderate income rural residents with better access to affordable housing finance options with little or no down payment or out-of-pocket costs. USDA Direct offers loans to very low and low income families.

Features of USDA loans:

  • Owner-occupied primary residence financing up to 100% loan to value
  • Property must be located in an eligible rural area and borrower cannot be eligible for conventional financing
  • 30 year fixed rate program is the only option

Benefits of USDA loans:

  • USDA loans provide higher loan to value limits than FHA or Conventional loans
  • No down payment required on purchase transactions
  • Lower credit and underwriting guidelines than conventional mortgage
  • No asset limit or reserves minimum
  • USDA loans provide options to finance closing costs and prepaid items into the loan up to the appraised value of the subject property

Call (407) 704-8729 to speak with a licensed mortgage professional or complete the fast quote form now.

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    Sondi And Associates, Inc. dba Florida Home Funding. NMLS ID: 870878 Location: 390 N Orange Ave #2125, Orlando, FL 32801 | Phone: (407) 704-8729

    Content provided by The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: My Town Realty (License #: CQ1049127) and Florida Home Funding (NMLS ID: 870878) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities.
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