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.

  • 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

 

ELIGIBLE AREAS

Click maps for closer viewing.

All areas in white are USDA-eligible.

MANATEE
SARASOTA
SOUTH HILLSBOROUGH
NORTH HILLSBOROUGH
SOUTH POLK
NORTH POLK
Show More

Contact us for maps of additional Florida counties.

OTHER LOW DOWN PAYMENT PROGRAMS

In addition to USDA, we offer other low down payment programs. Click below to learn more.

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.

REVIEWS

Happy customers are our best advertising. So we'll let them speak for themselves. Find out what people are saying about the Kyle Jacobs Mortgage 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

 941-993-8932

NORTH HILLSBOROUGH