Port Saint Lucie USDA Mortgage Loans

apply-now-today It is our passion at First Nationwide Lending, we feel that everyone try to purchase their own home, regardless of where you choose to buy or live. If you purchase in a remote region in Port Saint Lucie Florida and wanted to own your own property, then maybe a Port Saint Lucie Florida USDA loan is ideal for you and your family. So, what precisely is this mortgage loan? We are glad you inquired. Take a look!

What is a Port Saint Lucie USDA Loan?

Most homebuyers think of a “USDA loan” and make the assumption that the mortgage is offered by the USDA. Unlike popular assumptions, USDA loans are not provided by the United States Department of Agriculture (USDA). The truth is that these types of mortgages are backed by the USDA; hence the USDA in Port Saint Lucie USDA mortgage loans.

What’s the Point of Port Saint Lucie USDA Home Loans?

Different mortgage loans have a variety of advantages. For residents of Port Saint Lucie Florida, USDA mortgage loans carry many advantages which include but not limited to:

  1. No down payment
  2. Fixed 30 year loans
  3. Ease of qualifications
  4. Flexible purchase price
  5. Reduced credit score requirements

What’s the Catch of Port Saint Lucie Florida USDA Mortgage Loans?

Even thought this Port Saint Lucie mortgage loan program sounds tempting, there can be a catch involved. Fortunately for most interested home buyers, a Port Saint Lucie USDA mortgage does not have strict requirements. The primary eligibility requirements include:

  1. The property has to be located in a rural vicinity.
  2. Your credit must be no lower than 620.
  3. The home must meet minimum appraisal requirements
  4. To qualify the debt to income ratios such as 29% for housing costs and 41% for back end ratios
  5. The mortgage broker must be approved by the USDA

If you want to learn more information about a Port Saint Lucie USDA mortgages, please contact us 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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