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By Vincent Paige - RE/MAX | Agent in Orlando, FL

USDA mortgage | $0 money down mortgage | Orlando Realtor Vince Paige


                                  

So what exactly is a Florida USDA home loan?

The USDA home loan is a government insured loan program for families in qualifying rural areas of the United States. Many locations around Florida are USDA eligible, you would be surprised. Even the smaller communities around major cities like Jacksonville, Orlando and Tampa have many USDA eligible areas. The goal of the USDA loan program is to help our Florida rural communities expand by making homes more affordable by limited down payment and credit requirements. USDA Rural Development is currently the ONLY 100% no money down mortgage available for Florida's non military homebuyers.

Listed below are just a few benefits of a USDA mortgage :

  • USDA Loans require NO money down – up to 102% financing.
  • Reduced monthly mortgage insurance costs (PMI) when compared to other loan options like FHA.
  • USDA closing costs can often be included or rolled into the loan. Closing costs can also be paid by the seller up to 6%. 
  • There is NO maximum loan amount with USDA Rural Housing.
  • You do NOT need assets to qualify for USDA loans.
  • Qualifying for a USDA loan with lower credit scores is possible. *Current min required credit score is 640*
  • USDA mortgages are secure 30 year fixed rate terms at low market interest rates.
  • USDA loans are for ANY new & existing single family residence located in a Rural Development eligible area. The home being purchased can be a regular sale, short sale, foreclosure home, bank owned, etc

Call for help, or questions,


Vincent Warren Paige, Jr.
REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vpaige1@yahoo.com
 

Comments

By Vincent Paige - RE/MAX,  Tue Feb 12 2013, 00:59
http://www.usdamortgagesource.com/
Check them out, they will take care of you!!

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