USDA Loans
What is a USDA loan?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A USDA loan is a government-backed mortgage offering 100% financing — no down payment — for low-to-moderate-income buyers in eligible rural and suburban areas. Much of Florida outside the major metros qualifies.
You must meet county income limits and buy in an eligible location. USDA charges a small guarantee fee instead of PMI. We'll check the address and your income against the limits.
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