YES, YOU REALLY CAN PURCHASE A HOME WITH
NO MONEY DOWN.
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.
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
Click maps for closer viewing.
All areas in white are USDA-eligible.
WHO WE ARE
With over 25 years of lending and underwriting experience, Kyle Jacobs has the knowledge and expertise to ensure professional, efficient, & high quality service to all clients. Click below to learn more about Kyle and the team.
CONTACT & APPLY
Contact us / submit a question below
Click HERE to fill out an application
Kyle Jacobs Mortgage Team
Fairway Funding Group
8235 Natures Way
Lakewood Ranch, FL 34202