Bradenton Real Estate

September 29, 2011

What Do You Know About USDA Home Mortgage Loans?

If you’re planning a home purchase, and are planning to get a mortgage,

make sure that you explore all the options that are available to you.

One of those options might be a USDA mortgage loan.

USDA mortgage loans have some huge benefits if the property that you’re choosing and your financial situation meet certain criteria:

  • Home must be within certain geographic areas.  For our area in Manatee County, Florida, the geographic  area includes a rather large part of the county.
        For more specifics, you can look up a property address by going to:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

  • The income of the borrower(s) must be within certain limits.  $75,200 for a family of 1-4, and $99,250 for families of 5 or more.

For more detailed information and to ask questions from a mortgage professional, READ ON HERE!

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