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USDA Mortgage Source Florida

100% USDA Rural Housing Loans, Rural Development Mortgage FL

By Usda Mortgage Source | Mortgage Broker
or Lender in Jacksonville, FL

100% USDA home loans - Gulf,Bay,Franklin county

The USDA Rural Development Home Loan is the last remaining no down payment government insured mortgage program for Florida civilians. The USDA mortgage program is designed to help promote homeownership less populated locations around Florida. Many people assume the USDA loan program is only for farmers or ranchers, not true. Many major metropolitan areas have outlining areas that are qualified USDA eligible property locations. Locations around major cities like Jacksonville, Orlando, Tampa, Gainesville, Ocala, Tallahassee, Pensacola have USDA eligible locations around them. Interested homebuyers can click here to view USDA eligible zones in their location.


The USDA loan program will allow homebuyers to borrower up to 102% of the homes appraised value. In addition, homebuyers can include closing costs into their loan assuming their appraised value is sufficient. Please click here to learn more.  


Some benefits of a USDA Home Loan include:

  • 102% Financing,  No Down Payment required!
  • Low monthly mortgage Insurance (PMI) 
  • No Loan Amount limits.  
  • No Cash Reserve Requirements
  • 6% Seller Contribution Limitations
  • 100% Gifted Closing Costs allowed
  • 30 year low fixed rate loan
  • No Prepayment Penalty
  • Primary Residents only (no rentals/investments or second homes permitted)

To qualify for the USDA loan program, there are two main requirements that differ from the other government loan programs (FHA or VA loan program)


1. Property Location: The home must be located in a Florida USDA eligible designated rural area. Please click here. Remember, the seller of the property is not important, just where the property is physically located.


2. Household income:  Each county has different USDA Income restrictions. The income limit is based on many different variables, please click here to learn more.


Questions about USDA / RD home loans? Please also visit our blog by clicking here for the latest USDA home loan information. You can also call us direct at 904.302.6060.

Please stop by our main web site at www.UsdaMortgageSource.com  to view general USDA program requirements. Proudly serving the Florida Gulf Coast 7 days a week, including Gulf County, Bay County, Franklin County (Panama City, Miramar, Fort Walton Beach) USDA Mortgage Source is Florida's leader in 100% USDA / Rural Development home loans -2014

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