Hollywood USDA Mortgage Loans

apply-now-today It is our passion at First Nationwide Lending, we believe that everyone try to purchase a home of their own, regardless of where they live. Whether you purchase in a less populated territory in Hollywood FL and had the desire to buy your own home, then maybe a Hollywood FL USDA mortgage is perfect for you. With that being said, what exactly is this type mortgage loan? At First Nationwide Lending we are happy you asked. Take a look!

Why Choose a Hollywood USDA Loan?

The majority of people think of a “USDA mortgage loan” and make the assumption that the home loan is offered by the United States Department of Agriculture. Contrary to peoples belief, USDA mortgages are not provided by the United States Department of Agriculture (USDA). The truth is that these mortgages are secured by the United States Department of Agriculture; hence the USDA in Hollywood USDA mortgage loans.

What Are the Benefits of Hollywood USDA Home Loans?

Each mortgage loan product has a variety of benefits. For people who live in Hollywood FL, USDA mortgage loans carry many benefits that consist of but not limited to:

  1. Limited down payment
  2. Long 30-year unchanging mortgage rates
  3. Flexible qualification
  4. Purchase prices which are flexible
  5. Credit score requirements are lower

What’s the Catch of Hollywood FL USDA Loans?

Even thought this Hollywood mortgage loan {there’s always a catch associated. Luckily for most interested home buyers, a Hollywood USDA mortgage loan does not have strict requirements. The primary eligibility requirements include:

  1. The home has to be located in a rural/remote area.
  2. A borrowers credit rating must be no lower than 620.
  3. Home appraisal
  4. To qualify the debt to income ratios such as 29% for front end ratios and 41% for debt costs
  5. The mortgage broker must be approved by the United States Department of Agriculture

If you want to learn more about a Hollywood USDA mortgages, please contact us at First Nationwide Lending. Simply dial (877) 442-4023 or visit our rate quote page to get pre-qualified.


Contact Us

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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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