USDA & FHA Mortgage Source

Please see the current  USDA Rural Development  Florida county income limits by clicking here.  Please note – the eligibility income limits listed must include ALL income producing household members, even if they are not listed on the loan application. Also note, the USDA Rural Housing income li...

Be sure to check out our handy USDA home loan payment calculator at the http://usdamortgagesource.com/blog/ This USDA loan calculator includes estimated tax and home owners insurance as well has monthly premium charges.   Questions? Let us help – USDA Mortgage Source is Florida’s local rural hou...

Please note that USDA housing program is funding and closing as normal in October. USDA rural housing is one of the last remaining no money down home loans available in Florida. Learn more at www.UsdaMortgageSource.com  Servicing all of Florida 7 days a week including Jacksonville FL, Baldwin FL...

Applying for a USDA home loan is pretty simple. We have outlined below the general information that will be needed (asked from you) during the USDA loan application process so you can be prepared.   Complete (2) year living history. Complete (2) year employment work history. Income amounts for e...

    In this post we are going to outline 3 big do’s and don’ts to remember while going through the USDA home buying process in Florida. The items outlined below actually apply to all home loans (FHA Home Loan, Conventional Loans, etc ) not just USDA home loans.   First we will highlight the thing...

First time buyers in around Duval, Clay and St. Johns county Florida, please visit www.UsdaMortgageSource.com to learn more about 100% home loan financing in Florida. Many outlining locations just outside of Jacksonville FL qualify for the USDA home mortgage. Orange Park FL, Julington Creek FL, ...

The process of purchasing a new home today is more complex than ever. Adding to the complexity is the majority of homes for sale today in Florida are distressed sales.  Foreclosures, short sales, REO, the list goes on. Navigating through the process requires a trained Realtor. We often recommend...

The USDA Rural Development 502 Guarantee program here in Florida is primarily used to help low-moderate income individuals or households purchase homes in Florida's rural defined locations. The wonderful part of this Government backed mortgage program is there is no required down payment…$0.   T...

Question:  I was reading about the USDA program details and it says 102% financing. Does this mean that we can receive 100% financing on the home we buy, then receive 2% cash back to pay off debts or something similar?  L. Gifford / Sarasota, FL Answer:  The additional 2% is used for the one tim...

In order to better your chances in successfully getting your FHA loan approved here it always helps to be well-informed. You have to be aware of what you need do before applying as well as know the process of your application, the documents required, and finally, the closing which is where you a...