USDA Rural Housing Mortgage Eligibility Information

If you are a Realtor® with a client, or you are a prospective real estate buyer, the USDA Rural Housing loan is a great program!  It is one of the last truly “no money down” program and allows closing costs the the seller isn’t paying to be included in the loan amount!

 

 

The areas that are eligible will probably surprise you.  Their maps haven’t been revised in nearly 10 years and, as this program is based on the full-time population in an area, much of the Florida urban maps  are still considered in this program.  The maps won’t be revised until 2012, or later, so they will remain as they are today but after that time, the elibility restrictions will be tighter on location.

Feel free to contact me if you or your client is looking for financing at 100% in Florida, Alabama, Georgia, North Carolina, South Carolina or Tennessee.  We underwrite these loans in our office and can issue a prequalification within 30 minutes!