Pembroke Pines USDA Mortgage Loans

apply-now-today It is our passion at First Nationwide Lending, we feel that everyone try to buy their own home, regardless of where they choose to buy or live. Whether you live in a rural region in Pembroke Pines FL and had the desire to buy your own property, then perhaps a Pembroke Pines FL USDA loan is ideal for you. With that being said, what precisely is this type mortgage? We are glad you asked. See below!

What is a Pembroke Pines USDA Mortgage?

The majority of people look at “USDA mortgage loan” and assume that the loan is being provided by the USDA. Unlike popular belief, USDA mortgages are not provided by the United States Department of Agriculture (USDA). The fact of the matter is that these they are secured by the USDA; hence the USDA in Pembroke Pines USDA mortgages.

What Are the Benefits of Pembroke Pines USDA Mortgage?

Different mortgages have different advantages. For people who live in Pembroke Pines FL, USDA home loans offer various advantages that include but not limited to:

  1. No down payment
  2. Long 30-year unchanging interest rate
  3. Easy eligibility
  4. Purchase prices which are flexible
  5. Credit requirements are more flexible

What’s the Disadvantages of Pembroke Pines FL USDA Mortgage Loans?

Even thought this Pembroke Pines loan plan seems tempting, there’s always a catch involved. Fortunately for most interested home buyers, a Pembroke Pines USDA mortgage loan doesn’t have strict guidelines. The initial eligibility requirements include:

  1. The property must be located in a rural vicinity.
  2. The credit rating must be no lower than 620.
  3. Property appraisal
  4. To qualify the ratios such as 29% for front end ratios and 41% for debt costs
  5. The mortgage company must be approved by the USDA

If you want to learn more information about a Pembroke Pines USDA mortgage loans, please call the experts at First Nationwide Lending. Simply 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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