USDA / Rural Development Loans

• Provides up to 102% financing in participating in Florida Counties
• Buyer does not need to be 1st time Home Buyer.
• Seller can contribute up to 6% towards Closing Costs.
• Buyers cannot have more than $15,000 in non-retirement liquid assets. Excess of $15,000 must be used as down payment.
• Borrower must have three active trade lines, no alternative credit.
• Higher Income limits than typical state or county programs.
• Maximum purchase price of FHA limits in the area purchased.
• Lender credit available.
• No Prepayment Penalty Fee if the loan is paid out early.
• Seller can tribute up to 6% towards Buyers Closing Costs.