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Personal FinanceEpic Breakthrough Florida Homes, 100% USDA Love.

Epic Breakthrough Florida Homes, 100% USDA Love.

In the realm of mortgage programs in Florida home, the VA home loan and USDA loan stand as the exclusive options offering the coveted 100% Zero Down payment benefit. While non-military home buyers in Osceola and Polk County may not qualify for VA loans, they have the potential to secure USDA financing. Let’s look into the fundamental USDA mortgage guidelines for people in Florida. I will focus on shedding light on the eligibility criteria, income limits, property requirements and more.

Basic USDA Mortgage Guidelines for Florida homes.

1. Credit Score Requirement:

  • A minimum credit score of 620 is mandated for USDA loans. No recurrent late payments on any credit trade lines within the last 12 months are allowed. Additionally, no recent short sales, foreclosures, or bankruptcies within the last three years are permissible.

2. Job History and Income Stability:

  • A stable 2-year history of documentable income is required. Recent college graduates entering the workforce are exempt from this requirement. Job changes are acceptable, provided there are no unexplained extended gaps in employment.

3. Income Eligibility for USDA:

  • Florida households with 1-4 members have a maximum gross income limit of $110,650 per year. Some counties may have higher limits. Households with 5 or more members can have even higher income limits, exceeding $146,050 in certain counties. USDA allows deductions for child care, elderly care, disabilities, and more.
  • Check USDA Income Limits

4. Eligible USDA Property:

  • Any single-family residence located in a USDA-eligible area qualifies, regardless of the seller. The property can be a short sale, foreclosure, or sold by the owner. However, existing mobile homes are not permitted. The home must be a primary residence, excluding investment, vacation, or rental purchases. It must be livable and not require extensive rehabilitation.

5. Max USDA Loan Amount:

  • There is no maximum loan amount with USDA loans. Learn more

6. USDA Closing and Processing Time:

  • Read about USDA closing and processing time

7. Max USDA Financing – 100%:

  • USDA loans offer 100% financing, requiring no down payment from the homebuyer.

8. Special Class or Grant Not Required:

  • No special schooling or grants are needed for USDA loan applications.

For more comprehensive FAQs and information on USDA home loans, visit USDA Mortgage or call 800-743-7556 to discover the benefits of 100% USDA / Rural Development home loans in Florida.


We Serving Florida Counties 7 Days a Week:

Osceola County:

  • Celebration, Champions Gate, Intercession City, Kenansville, Kissimmee, Poinciana, Reunion, St. Cloud.

Polk County:

  • Auburndale, Bartow, Davenport, Dundee, Eagle Lake, Frostproof, Haines City, Highland Park, Hillcrest Heights, Indian Lake Estates, Lake Alfred, Lake Hamilton, Lake Wales, Lakeland, Mulberry, Winter Haven.

Embark on your homeownership journey with confidence, armed with the 2024 USDA Home Loan Guidelines. you may click here to Know more.

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