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June 4, 2017

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Get a $0 Down USDA Mortgage

January 9, 2018

What the heck is a USDA Loan?

 

The United States Department of Agriculture has created several loan programs designed to "improve the economy and quality of life in rural America". The good news is that several areas just outside of Tampa qualify for this program. See the map below:
 

 

The darker areas of the map are ineligible for USDA loans. You can see this includes The City of Tampa, all of Pinellas County, and parts of Hillsborough. However, Land O Lakes, South Hillsborough County, and parts of Manatee County are all eligible regions inside the Tampa Metro Area.

 

You can get a USDA Loan through two different methods:

  • Loan guarantees: The USDA guarantees a mortgage issued by a participating local lender — similar to an FHA and VA loans — allowing you to get low mortgage interest rates without a down payment. If you put little or no money down, you will have to pay for mortgage insurance.

  • Direct loans: Issued directly by the USDA, these mortgages are for low- and very low-income applicants. Income thresholds vary by region. With subsidies, interest rates can be as low as 1%.  

The current USDA eligibility map puts many suburbs of the Tampa Metro Area within its eligibility zone. This means that for less than the price of renting, and with nothing down, you can potentially buy a home right now within commuting distance of Tampa and St. Pete!

 

Don't miss out on the chance to buy a home with a $0 down USDA Loan. If you're eligible you may be able to get into a house faster than you've ever dreamed. The funding for this programs may not last forever. Call, text, or email me today and I'll help you get started.

 

Stephen Dispensa

Licensed Real Estate Sales Associate

(813) 591-0569

Steve.Dispensa@gmail.com

Real Broker, LLC.

Tampa Real Estate Secrets

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