USDA Mortgage Source - Florida's Leading USDA home loan resource

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Mortgage and Lending - USDA / FHA Mortgage Source
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ARCHIVED BLOG POSTS

2011 

Great news released today from USDA / Rural Development regarding the proposed USDA eligibility map changes that were scheduled to happen in coming months. USDA now says the property eligibility location changes have been canceled for now!  For exactly how long is unknown, but appears everything...
06/29/2011
The current closing time for the USDA home loans in Florida is around 35-40 days. This is from the time of full contract. Please note the USDA home loans do take a few weeks longer due to the secondary approval process required from USDA Rural Housing. Click here for more USDA closing time inform...
06/28/2011
Requirements for refinancing to a USDA mortgage -  We receive many questions about the 100% USDA home loan and using this program to refinance an existing mortgage.  First and foremost -  the mortgage you currently have must be a USDA Mortgage. You cannot use the USDA loan to refinanced out of an...
06/25/2011
Florida - 100% USDA Home Loan Requirements - Like all home loan programs, the USDA mortgage requirements have changed over the past few years. Keeping up with the all the recent  mortgage program changes can be a challenge to say the least. The most notable USDA loan changes over the past few yea...
06/23/2011
The USDA Rural Development Home Loan is the last remaining no down payment government insured mortgage program for Florida civilians. The USDA mortgage program is designed to help promote homeownership less populated locations around Florida.  Many people assume the USDA loan program is only for...
06/20/2011
          USDA Mortgage Source is processing all new Florida USDA - Rural Developmentloan applications same day. That’s right, complete your full USDA mortgage application and have a decision on the same day!  We take the time to educate you about all the USDA – Rural Development eligibility req...
06/15/2011
Please remember the USDA / Rural Development eligible property zones will be changing in the coming months. This is a reminder, please click here for more details.  6/29/2011-  Please click here for important updates to this posting. Serving all of Florida - USDA Mortgage Source is Florida's lea...
06/14/2011
If you are a homebuyer considering a USDA home loan, the first thing to check is your USDA loan eligibility requirements. Below is a basic checklist of items that will determine if you are eligible for USDA financing.     •1.     USDA eligible locations - The home must be located in a USDA eligi...
06/08/2011
That's right, the USDA mortgage program is the only remaining 100% home loan for Florida civilians. Please visit our main web site at www.UsdaMortgageSource.com to learn more about the benefits of 100% USDA / Rural Development home loans here in Florida. USDA Mortgage Source is Florida's top res...
06/07/2011
We receive many inquiries each week asking about the latest USDA loan requirements. Please read below for the basic USDA mortgage guidelines. Credit score -  620 min credit score is required. However, this credit score requirement is beginning to increase to a 640. No repeated late payments on a...
06/07/2011
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Jamie Chambers

USDA /FHA Mortgage Source
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