Hollywood USDA Mortgage Loans

apply-now-today At First Nationwide Lending, we feel that everyone try to purchase a home of their own, regardless of where they live. Whether you buy in a rural area in Hollywood Florida and had the desire to buy your very own property, then perhaps a Hollywood Florida USDA mortgage is ideal for you and your family. With that being said, what exactly is this type mortgage? We are glad you inquired. See more!

Why Choose a Hollywood USDA Mortgage?

Most home buyers think of a “USDA loan” and assume that the home loan is offered by the USDA. Unlike popular assumptions, USDA mortgages are not issued by the United States Department of Agriculture (USDA). The fact of the matter is that these mortgage loans are secured by the USDA; which is why there’s the USDA in Hollywood USDA mortgages.

What’s the Point of Hollywood USDA Home Loans?

Each loan product has a variety of benefits. For people who live in Hollywood Florida, USDA mortgages carry many benefits that include but not limited to:

  1. Limited down payment
  2. Long 30-year unchanging interest rate
  3. Ease of qualifications
  4. Purchase prices which are flexible
  5. Credit requirements are more flexible

What’s the Disadvantages of Hollywood Florida USDA Home Loans?

Even thought this Hollywood mortgage program seems appealing, there is always a catch associated. Luckily for most home buyers, a Hollywood USDA loans doesn’t have strict requirements. Some of the initial eligibility requirements include:

  1. The property has to be positioned in a rural vicinity.
  2. A borrowers credit must be no lower than 620.
  3. Property appraisal
  4. To qualify the ratios such as 29% for front end ratios and 41% for back end ratios
  5. The mortgage broker must be approved by the USDA

If you are interested in learning more information about a Hollywood USDA mortgages, 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.

Contact Us


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

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