Florida USDA Loans

What is a Florida USDA Loan?

In Florida, a USDA Mortgage provides a low-cost insured home mortgage loan that suits a variety of options. A USDA loan, provided by Florida USDA Rural Development, is likely the best home loan option if you want to purchase a home with no down payment. If you’re unsure about your credit rating, or have concerns about a down payment when you’re doing a home loan comparison, USDA Rural Mortgage Loans can give you piece of mind with zero-down, super low closing costs and low monthly mortgage insurance.

What types of USDA loans are offered in Florida?

Currently, there are two kinds of USDA Home Loans available for Florida single family households:

. USDA Guaranteed Loans
USDA Guaranteed Home Mortgage Loans are the most common type of USDA Loan in Florida and allow for higher income limits and 100% financing for home purchases. USDA Guaranteed Loan applicants may have an income of up to 115% of the median household income for the area. Area income limits for this program can be viewed here. All USDA Guaranteed Loans carry 30 year terms and are set at a fixed rate.

. USDA Direct Loans
USDA Direct Housing Loans are less common than USDA Guaranteed Loans and are only available for low and very low income households to obtain homeownership, as defined by the USDA. Very low income is defined as below 50 percent of the area median income (AMI); low income is between 50 and 80 percent of AMI; moderate income is 80 to 100 percent of AMI. Click here to see area income limits for this program.

What factors determine if I am eligible for a USDA Loan in Florida?

To be eligible for A USDA Rural Loan in Florida, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income (29% ratio). Your credit background will be fairly considered. A 620 FICO credit score is required to obtain a USDA Rural Housing Loan approval through most lenders. You must also have enough income to pay your housing costs plus all additional monthly debt (41% ratio). These ratios can be exceeded somewhat with compensating factors. Applicants for loans may have an income of up to 115% of the median income for the area. Maximum USDA Guaranteed Loan income limits for your area can be found at here. Maximum USDA Direct Loan income limits for your area can be found at here. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance.

How much can I borrow?

The maximum amount for an USDA home loan is determined by:

Maximum Loan Amount: The is no set maximum loan amount allowed for USDA Rural Home Loans. Instead, your debt-to-income ratios will dictate how much home your can afford (29/41 ratios). Additionally, your total household monthly income must be within USDA allowed maximum income limits for your area. Maximum USDA Guaranteed Loan income limits for your area can be found at here.

Maximum financing: The maximum USDA Rural Development Loan amount is 102% of the appraised value of the home (100% plus the 2% USDA RD Loan guarantee fee).

How much is the down payment and closing costs?

USDA Rural Development Mortgage Loans require no down payment and they allow for the closing costs to be included in the loan amount (appraisal permitting).

What property types are allowed?

While USDA Mortgage Guidelines do require that the property be Owner Occupied (OO), they do allow you to purchase condos, planned unit developments, manufactured homes, and single family residences.

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Florida USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2012

County Name
1-4 Person Households
(Guaranteed Loans)
5-8 Person Households 
(Guaranteed Loans)
OSCEOLA
$73,600
$97,150
ORLANDO-KISSIMMEE, FL (MSA)
NASSAU
$73,600
$97,150
JACKSONVILLE, FL (MSA)

OKEECHOBEE
$73,600
$97,150
OKEECHOBEE, FL (MICRO)

HARDEE
$73,600
$97,150
WAUCHULA, FL (MICRO)

LEE
$73,600
$97,150
CAPE CORAL-FORT MYERS, FL (MSA)
VOLUSIA
$73,600
$97,150
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (MSA)
HIGHLANDS
$73,600
$97,150
SEBRING, FL (MICRO)
PALM BEACH
$86,700
$114,450
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METRO
SUWANNEE
$73,600
$97,150
NON-METRO
HOLMES
$73,600
$97,150
NON-METRO
GADSDEN
$73,600
$97,150
TALLAHASSEE, FL (MSA)

ST. JOHNS
$73,600
$97,150
JACKSONVILLE, FL (MSA)

ST. LUCIE
$73,600
$97,150
PORT ST. LUCIE-FORT PIERCE, FL (MSA)
OKALOOSA
$73,600
$97,150
FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA)
LEVY
$73,600
$97,150
NON-METRO
HAMILTON
$73,600
$97,150
NON-METRO
ESCAMBIA
$73,600
$97,150
PENSACOLA-FERRY PASS-BRENT, FL (MSA)
UNION
$73,600
$97,150
NON-METRO
MARION
$73,600
$97,150
OCALA, FL (MSA)
GULF
$73,600
$97,150
NON-METRO
JACKSON
$73,600
$97,150
NON-METRO
WALTON
$73,600
$97,150
NON-METRO
MANATEE
$73,600
$97,150
SARASOTA-BRADENTON-VENICE, FL (MSA)
BREVARD
$73,600
$97,150
PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA)
MIAMI-DADE
$77,000
$102,300
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
BRADFORD
$73,600
$97,150
NON-METRO
COLUMBIA
$73,600
$97,150
LAKE CITY, FL (MICRO)
BAKER
$73,600
$97,150
JACKSONVILLE, FL (MSA)

MADISON
$73,600
$97,150
NON-METRO
CHARLOTTE
$73,600
$97,150
PUNTA GORDA, FL (MSA)
BROWARD
$88,000
$116,150
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL
ALACHUA
$73,600
$97,150
GAINESVILLE, FL (MSA)
PUTNAM
$73,600
$97,150
PALATKA, FL (MICRO)
GLADES
$73,600
$97,150
NON-METRO
CLAY
$73,600
$97,150
JACKSONVILLE, FL (MSA)

CITRUS
$73,600
$97,150
HOMOSASSA SPRINGS, FL (MICRO)
LIBERTY
$73,600
$97,150
NON-METRO
SEMINOLE
$73,600
$97,150
ORLANDO-KISSIMMEE, FL (MSA)
ORANGE
$73,600
$97,150
ORLANDO-KISSIMMEE, FL (MSA)
COLLIER
$81,450
$107,500
NAPLES-MARCO ISLAND, FL (MSA)
GILCHRIST
$73,600
$97,150
GAINESVILLE, FL (MSA)
INDIAN RIVER
$73,600
$97,150
SEBASTIAN-VERO BEACH, FL (MSA)
SARASOTA
$73,600
$97,150
SARASOTA-BRADENTON-VENICE, FL (MSA)
MONROE
$73,600
$97,150
KEY WEST-MARATHON, FL (MICRO)
HILLSBOROUGH
$73,600
$97,150
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)
TAYLOR
$73,600
$97,150
NON-METRO
MARTIN
$73,600
$97,150
PORT ST. LUCIE-FORT PIERCE, FL (MSA)
JEFFERSON
$73,600
$97,150
TALLAHASSEE, FL (MSA)

WASHINGTON
$73,600
$97,150
NON-METRO
POLK
$73,600
$97,150
LAKELAND, FL (MSA)
CALHOUN
$73,600
$97,150
NON-METRO
DUVAL
$73,600
$97,150
JACKSONVILLE, FL (MSA)

DE SOTO
$73,600
$97,150
ARCADIA, FL (MICRO)
PASCO
$73,600
$97,150
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)
HENDRY
$73,600
$97,150
CLEWISTON, FL (MICRO)

HERNANDO
$73,600
$97,150
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)
BAY
$73,600
$97,150
PANAMA CITY-LYNN HAVEN, FL (MSA)
DIXIE
$73,600
$97,150
NON-METRO
LEON
$73,600
$97,150
TALLAHASSEE, FL (MSA)

LAFAYETTE
$73,600
$97,150
NON-METRO
LAKE
$73,600
$97,150
ORLANDO-KISSIMMEE, FL (MSA)
FRANKLIN
$73,600
$97,150
NON-METRO
WAKULLA
$73,600
$97,150
TALLAHASSEE, FL (MSA)
PINELLAS
$73,600
$97,150
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)
SUMTER
$73,600
$97,150
THE VILLAGES, FL (MICRO)

FLAGLER
$73,600
$97,150
PALM COAST, FL (MICRO)
SANTA ROSA
$73,600
$97,150
PENSACOLA-FERRY PASS-BRENT, FL (MSA)

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