For all USDA Rural Housing mortgage loans - effective on October 1, 2014 (the start of Fiscal Year 2015) USDA Rural Development will revise the Up-Front Guarantee Fee and Annual Fee structure as follows:Up-Front Guarantee Fee (One-Time) FY 2012Through 9/30/2014 FY 2014 Effective10/01/ 2015 USDA
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12/23/2014
The USDA mortgage is one of the only home loan programs that still permits 100% financing with no money down in Florida. However, the USDA Rural Housing program (like all loan programs) require closing costs and pre paid escrows costs for taxes, insurance, etc. First Time Homebuyers using the USD
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12/23/2014
USDA Home Mortgage Guidelines 2015 - Please read below for the latest USDA Rural Development mortgage guidelines here in Florida. USDA household income limits - In general, Florida households with 1-4 members = max $74,750 gross income per year. Some counties are much more. Households with 5+ m
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12/23/2014
So what does it take to get pre approved for a USDA Rural housing loan in 2015? It's actually still pretty easy considering all the changes that have happened in the mortgage market over the past 5 years. Mortgages today are back to basics in most cases. Long gone are the days of qualifying for
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12/23/2014
The home buying process can be overwhelming for buyers, especially for first time home buyers. From mortgage pre approval, to real estate agents, insurance, etc, the process of buying a home can seem complicated. Listed below are some steps Florida first time buyers should consider. Deciding to
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12/23/2014
Florida Teachers have many great home loan benefits available to them. One of the most popular home financing options for Teachers is without a doubt the 100% USDA housing loan. USDA Rural Housing is one of the last mortgage programs that still allow Florida teachers to purchase homes with no do
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12/23/2014
First time home buyers around Orlando often ask what is needed to get pre-approved for a government home loan in Florida. The good news is that the mortgage application and pre qualification process is still pretty simple even with all the changes in the housing market over the last 6 years. Firs
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12/23/2014
Many Florida first time home owners with limited savings are drawn to the USDA Rural Housing mortgage. The USDA Rural home loan is one of the few programs that still allows buyer to purchase a home with $0 to little money out of pocket. So, how to do you apply for the USDA loan application, what
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12/23/2014
We receive many USDA inquiries each week from home buyers already pre approved for FHA loans. Many of them what to learn more about the USDA mortgage when they catch wind of the benefits. If you are homebuyer that already has a lender /bank pre approval for an FHA home loan, please read below. Th
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12/23/2014
USDA Rural Development is a great loan option for home buyers with limited cash and down payment. We have included a quick snapshot of some commonly asked questions below. Please read all the USDA program frequently asked questions here. Please contact us at www.UsdaMortgageSource.com with any
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12/23/2014