Boca Raton USDA Mortgage Loans

apply-now-today Here at First Nationwide Lending, we believe that every american should be able to purchase a home of their own, regardless of where they live. If you buy in a remote region in Boca Raton Florida and wanted to purchase your own home, then maybe a Boca Raton Florida USDA mortgage loan is ideal for you and your family. With that being said, what precisely is this type mortgage loan? At First Nationwide Lending we are happy you asked. See more!

Why Choose a Boca Raton USDA Mortgage?

In general home buyers think of a “USDA mortgage” and make the assumption that the mortgage is being provided by the United States Department of Agriculture. Contrary to peoples belief, USDA mortgages are not issued by the United States Department of Agriculture (USDA). The fact of the matter is that these types of mortgages are backed by the United States Department of Agriculture; hence the USDA in Boca Raton USDA mortgages.

What’s the Point of Boca Raton USDA Loans?

Different mortgages have a variety of benefits. For people who live in Boca Raton Florida, USDA home loans offer various benefits which consist of but are not limited to:

  1. Limited down payment
  2. Fixed 30 year loans
  3. Easy eligibility
  4. Purchase prices which are flexible
  5. Credit requirements are more flexible

What’s the Catch of Boca Raton Florida USDA Home Loans?

Even thought this Boca Raton mortgage program seems tempting, there can be a catch involved. Luckily for most interested home buyers, a Boca Raton USDA loans does not have strict requirements. Some of the primary eligibility requirements include:

  1. The home has to be area.
  2. A borrowers credit score must be no lower than 620.
  3. The home must meet minimum appraisal requirements
  4. Meet qualifying DTI ratios such as 29% for housing costs and 41% for back end ratios
  5. The mortgage provide must be approved by the United States Department of Agriculture

If you are interested in learning more information about a Boca Raton USDA loans, please call the professionals at First Nationwide Lending. All you need to do is dial (877) 442-4023 or visit our rate quote page to get pre-qualified.


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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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