Florida USDA Loans

apply-now-todayIf you are a low or moderate income person living in a rural area, did you know that you can own your very own home easier than ever before? The Florida USDA mortgage helps rural residents to finally own their own their own home. But how you ask? Here is a closer look at USDA mortgages.

What is a USDA Mortgage?
The Florida USDA mortgage is a home loan backed by the United States Department of Agriculture (USDA). The USDA mortgage allows rural residents to purchase their own home, complete with 100% financing.

The Benefits
The best thing about the USDA mortgages is that there are a number of benefits. Here is a look at some of the most common benefits of the USDA mortgage.

Complete financing
No down payment required
Flexible credit
Fixed interest rate for 30 years
Relatively easy eligibility
May include repairs
No real limit for purchase price

Of course, with any special mortgage plan, there is always a specific list of requirements that must be met in order to acquire the home loan. Here is a look at the key elements in the eligibility criteria for a Florida USDA mortgage.

The home you wish to purchase must be located in a rural area
The property must be appraised
Qualifying ratios of 29% (housing costs) and 41% (complete debt) must be met
An approved lender is required
You require a credit score of at least 620

If you are a rural citizen who has dreamed of earning their own home, the Florida USDA mortgage is for you. If you need more information on USDA mortgages, their eligibility criteria or if you want information on any other home loan, we encourage you to contact us at (877) 442-4023.

Contact Us


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

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