USDA MORTGAGE PROGRAM

USDA loans allow individuals to purchase a home with no money down. A USDA mortgage provides moderate-income households the opportunity to purchase a primary residence in an eligible area. 

The USDA mortgage is a very underutilized loan program and is available to many more homebuyers than are currently taking advantage of this INCREDIBLE program.

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• 100% financing

• Interest rates are lower than conventional financing

• Credit scores as low as 640

• Seller can pay closing costs up to 6% of sales price

• Fairway Funding lender closing cost credits available

• Household income and location restrictions apply for most Florida counties (USDA rural development areas only):

  • family of 1-4: $78,200

  • family of 5 or more: $103.000

• Do not need to be a first-time homebuyer

• 3 year waiting period after foreclosure, bankruptcy, or short sale

• Condominiums are eligible if they meet conventional, FHA, or VA guidelines

• If appraised value is greater than purchase price, loan amount can be increased up to 100% of appraised value to finance closing costs

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Contact us for maps of additional Florida counties.

CONTACT & APPLY

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