• USDA / Rural Development Loans

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.