USDA /Rural Development Home Loan Refinance

By
Real Estate Mortgage Broker with USDA / FHA Mortgage Source

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 existing FHA, VA or Conventional mortgage. If you currently have a Florida USDA mortgage, please read the requirements below -

 

•1.     Fixed rate 30 year fix term only for USDA refinance.

•2.     No Cash out allowed for USDA refinance.

•3.     1% USDA Guarantee Fee is included or "rolled into" your new USDA loan

•4.     The Florida USDA refinance process can be "streamlined" or "non streamlined"  Basically a streamlined refinance is when NO appraisal is required by USDA. However, with the streamline USDA option you cannot finance or "roll in" your closing costs into your new USDA loan. You have to pay these costs out of pocket. With the non streamlined USDA loan option you can roll in closing costs. However, a full appraisal will be required.

•5.     All normal USDA eligibility requirements apply regarding household income, property location and credit requirements.

Questions?  Please call us at 904.302.6060. Be sure to check to also check out our blog here for the latest USDA home loan program requirements and commonly asked questions.

Please take time to visit our main web site www.UsdaMortgageSource.com  to view all the general 100% USDA home loan program requirements. Proudly serving all of Florida 7 days a week, including Lee County, Collier County and Hendry County - USDA Mortgage Source is Florida's leader in 100% USDA / Rural Development home loans.

If you do not meet the USDA eligibility requirement, please  click here to learn about the FHA home loan in Florida.

Serving Florida : Apopka | Aventura | Boca Raton | Bradenton | Brandon | Cape Coral | Clearwater | Clermont |Cocoa Beach | Coconut Creek | Coral Gables | Crestview | Crystal River | Daytona Beach | DeLand | Deltona | Delray Beach | Destin | Dunedin | Englewood | Fernandina | Flagler Beach | Fort Lauderdale | Fort Myers | Fort Pierce | Fort Walton Beach | Gainesville | Green Cove Springs | Hallandale | Hobe Sound | Hollywood | Homestead | Inverness | Jacksonville | Lakeland | Lake City | Lake Mary | Live Oak | MacClenny |Melbourne | Miami | Milton | Mount Dora | Naples | Ocala | Ocoee |Ojus | Orange Park | Orlando | Ormond Beach | Palatka| Palm Bay | Panama City | Pensacola | Pompano Beach | Port Charlotte | Port St. Lucie | Punta Gorda | Santa Rosa | Sarasota | Siesta Key | Springhill | St. Augustine | St. Petersburg | Sunny Isles | Tallahassee | Tamarac | Tampa | Titusville | Venice | Vero Beach | Weeki Wachee | Wesley Chapel | West Palm Beach | Winter Garden | Winter Haven | Winter Park | Winter Springs | Zephyrhills | Florida | Fla |FL

Alachua | Baker | Bay | Bradford | Brevard | Broward | Calhoun | Charlotte | Citrus | Clay | Collier | Columbia | Dade | De Soto | Dixie | Duval | Escambia | Flagler | Franklin | Gadsden | Gilchrist | Glades | Gulf | Hamilton | Hardee | Hendry | Hernando | Highlands | Hillsborough | Holmes | Indian River | Jackson | Jefferson | Lafayette | Lake | Lee | Leon | Levy | Liberty | Madison | Manatee | Marion | Martin | Monroe | Nassau | Okaloosa | Okeechobee | Orange | Osceola | Palm Beach | Pasco | Pinellas | Polk | Putnam | St. Johns | St. Lucie | Santa Rosa | Sarasota | Seminole | Sumter | Suwannee | Taylor | Union | Volusia | Wakulla | Walton | Washington | County

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Serving all of Florida , 7 days a week. Please call us at PH: 904.302.6060 or visit us online at the following -

Already have a USDA home loan? Learn about the new USDA Pilot Refinance program by clicking here

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Topic:
Lending / Financial
Location:
Florida Lee County Lehigh Acres
Groups:
All Things Florida
Tags:
usda refinance
usda lee county
usda collier county
usda hendry county

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Jamie Chambers

USDA /FHA Mortgage Source
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Additional Information

All about 100% USDA/RD home loans in Florida. Serving all of Florida including – Pensacola, Tallahassee, Lake City, Jacksonville, St. Augustine, Palm Coast, Daytona Beach, Orlando, Ocala, Gainesville, Lakeland, Tampa, Winter Haven, Sarasota, Naples, Fort Myers FL