100% financing in SW FL!!!!

100% financing still exists!!!!   Let's get this straight cause you heard it right.  So what are you waiting for????

Here are the caveats- USDA loans are gov't loans, meant to develop what the gov't calls 'rural'. This could mean home on the range, or it could mean a PUD (planned unit development) much like the communities you probably live in now.  The property has to fall in 'a USDA zone'. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

They are made for lower income folks who make the median or less for income. http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do
There are other guidelines, like no pools. There are other requirements (credit score etc). BUT it is always worth the try!

Let's use some made up #s.   Say you were buying a home for $100,000.  Interest rate on the 30 yr fixed is 4.25%. I used an on line  FHA and USDA calculator to determine payments.

FHA  3.5% down ($3500) and MIP (including Private mtg insurance PMI about $1688)   @4.25 % =  $591.59 monthly (before tax/ins).

USDA  0% down  ($0)  and no MIP (0).    That means (including the USDA fund fee $2040.82) your payment = $527.49.

You save $64 +/- per month.   OR you can finance $112,750 purchase price for the same payment as $100,000 and still no money down!!!


I sell Real Estate from Sarasota to Naples. I have CLOSED USDA home sales. I have a lender who does these everyday and she can assist you. We know they take a bit longer to close (which is why most brokers discourage them) but they are worth it for both buyer and seller!!!!

Get pre-qualified and you and I WILL find you a home!!  Call me 781-799-7570 and I'll send you a property list!

Claudia