USDA Loans
How does a USDA loan work in Florida?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A USDA loan offers 100% financing — no down payment — for homes in eligible rural and suburban areas, and much of Florida outside the big metros qualifies. It's designed for low-to-moderate-income buyers.
You'll need to meet county income limits and the home must be in an eligible area, which we can check by address. USDA charges a modest guarantee fee instead of PMI. We confirm both eligibility tests up front.
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