USDA RD came out today with the new upfront guarantee fee and annual fee structure that will be effective for Single Family Housing Guaranteed Loan Program (SFHGLP) loans in fiscal year of 2016. Their new fiscal year for 2016 begins October 1, 2015 and the new upfront guarantee fee will change
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06/25/2015
We often hear inaccurate information about the restrictions for the USDA Rural Housing Mortgage Program. Below we want to provide some clarification to help new home buyers interested in purchasing a home with the USDA 502 Guaranteed loan program. Please reach out to us below if you have any ques
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06/23/2015
So, you are considering purchasing your first home in Ocala? Congrats on taking the first step, home buying is definitely a big achievement and deserves a celebration. But hold tight... Before you start attending open houses in Ocala and searching real-estate listings online, you need to know a
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06/22/2015
The FHA home loan continues to be a popular home financing option for home buyers in Vero Beach FL. But it's important for buyers to understand what they are getting. Being a Government backed program, the FHA mortgage is about the safest home loan available today. Low down payment of only 3.5
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06/11/2015
The FHA (Federal Housing Administration) is the largest insurer of home loans in the world, backing millions properties for over 80 years. FHA provides mortgage lenders with insurance on all loans funded in refinancing or purchasing a home. Mortgage companies are in a sense protected or insured s
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05/25/2015
We often receive questions about the USDA Rural Housing mortgage turn times in 2016 - how long it take to close a USDA loan? how long it takes to get a USDA loan pre approval? how long it takes to hear back from USDA, etc. Below we are going to break down the process so new home buyers know
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05/20/2015
FHA mortgage financing still remains the "go to" home loan for many Orlando home buyers. This is especially true for first time buyers that have limited down payment, as FHA still allows home buyers to purchase at only 3.5 percent down payment. Listed below are some quick facts and benefits of th
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05/18/2015
Need to get an idea of your USDA monthly loan payment? Check out the handy USDA payment calculator located on the right side of our home page here - http://www.usdamortgagesource.com/blog/ The USDA mortgage payment calculator includes everything needed to figure out "real world" mortgage payments
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05/15/2015
The VA mortgage program is a home financing option for past and active Military. Not only does the program offer up to 100% financing, it also has NO money mortgage insurance. Once home buyers determine the VA loan is the right choice for them, they can begin the loan application process. This a
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05/13/2015
Ocala area home buyers don't have many options in 2015 for $0 down home mortgage financing. The good news is the USDA Rural Housing loan still offers 100% financing in selected parts of Marion and Alachua county. There ARE still plenty of locations just outside of Gainesville / Ocala where yo
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04/25/2015