USDA Home Loan Lakeland Florida

USDA Home Loan Lakeland Florida Helping Make Home Ownership Possible & Affordable In Suburban and Rural Areas With Zero Down Payment

USDA home loan Lakeland Florida – Mortgage Banking Associates has been helping families buy their dream homes in suburban and rural areas with no down payment for over 30 years. We are passionate about giving everyone the opportunity to enjoy the American dream of owning their own home. Our extensive experience and resources allow us to help make people’s dreams come true by helping them get approved for a USDA home loan so they can buy the home of their dreams with no down payment and at the lowest available interest rates on the market.

At Mortgage Banking Associates we know that people may think home ownership is an impossibility for them based on their income or lack of cash for a down payment on a home. We are passionate about helping make home ownership possible for everyone! That is why we work so hard to help make the USDA home loan approval process as smooth as possible for families looking to own a home in the suburbs or in rural areas with no down payment, and making sure that they benefit from all the government has to offer in the USDA loan programs.

Our qualified USDA rural home lenders and experts use Smart Mortgage Rate Finder to get your USDA home loan at the lowest interest rate possible. You could be approved today. Click the button below to apply now!

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What is a USDA home loan?

A USDA home loan is a mortgage that is backed by the U.S. Department of Agriculture (USDA) as part of its USDA Rural Development Guaranteed Housing Loan program. USDA home loans make it easier for people to own a home in qualifying suburban and rural areas. The USDA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees the entire loan amount. USDA home loans are provided by private lenders such as banks and mortgage companies such as Mortgage Banking Associates.

Lock in the lowest interest rate for your USDA loan today!

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USDA Loan Benefits

In an effort to make home buying possible for people with lower income and no available cash for a down payment, the U.S. Department of Agriculture has established USDA home loan programs. Also, one of the goals of the USDA home loan programs is to help our nation’s smaller rural communities thrive by making land and property more affordable.

These USDA home loan programs make it easier and more affordable for people to make their dreams of owning a home come true. There are several reasons why it is beneficial to take advantage of the USDA home loan programs.

UDSA home loans offer the following benefits:

No down payments

The USDA mortgage loan program allows applicants with qualifying income and credit to purchase their home with zero down payment. This is perfect if you do not have the available cash for a down payment on a home. These USDA loan programs allow you to finance 100% of your home loan value.

No monthly mortgage insurance

Unlike Conventional mortgage loans and FHA mortgage loans, USDA mortgage loans do not require you to pay for mortgage insurance. The home loan is completely guaranteed by the USDA. This means that more money can go directly towards paying your actual loan amount every month.

Flexible credit guidelines

The USDA mortgage loan program also allows some borrowers with less than perfect or limited credit histories to qualify for their home loan. Since the USDA does not specify a minimum credit score, there is flexibility in getting approved for a USDA home loan even if your credit is poor.

Competitive, fixed interest rates

Since a USDA loan is insured by the USDA, the lowest interest rates on the market can be offered. In addition to the interest rates being very competitive, interest rates offered are also fixed. Fixed interest rates allow a home buyer’s monthly payments to remain constant, not increasing when interest rates rise.

USDA Loan Requirements

The United States Department of Agriculture sets the rules for who may qualify for a USDA home loan, and issues minimum guidelines and requirements under which mortgages may be offered.

You may qualify for a USDA home loan in Florida if you meet the following requirements:

  • The home you are going to buy is in a designated USDA approved suburban or rural area;
  • The home you are going to buy is going to be your primary residence;
  • Your yearly income must not exceed the maximum yearly income set for that area by the USDA;
  • The USDA will evaluate your credit history in an effort to ascertain your willingness to meet repayment obligation;

Here at Mortgage Banking Associates we are proud to have helped thousands of families throughout the state of Florida make their dreams of owning a home a reality by helping them get approved for a USDA home loan. Our USDA home loan experts have extensive experience and will take the time to sit with you and determine your eligibility for a USDA home loan as well as inform about the areas approved for USDA home loans.

As a first step in determining your eligibility for a USDA mortgage, we are happy to offer you a free consultation where you will sit one-on-one with a USDA loan expert to discuss the details of your eligibility. Give us a call now at (863) 485-8225 to schedule your free consultation with one of our USDA mortgage specialists.

USDA Loan Rates

Our USDA loan lenders can get you the best USDA loan rates guaranteed, with no hidden fees. The USDA lenders at Mortgage Banking Associates can get you USDA mortgage rates as low as 4.5%.

Our Smart Mortgage Rate Finder allows us to offer some of the lowest current mortgage rates in the United States. Smart Rate can save you hundreds of dollars a month. Get one of the best deals guaranteed with cash back if your application is received within 30 days! Speak directly with our USDA home loan experts right now by calling (863) 485-8225.

USDA Mortgage Calculator

For your convenience, you can calculate your estimated monthly mortgage payments using the USDA home loan calculator below. You have the option of having the PDF of the estimated monthly principal and interest payment schedule emailed directly to you as well.

Simply fill out the form below by editing the numbers according to your mortgage amount, estimated interest rate, down payment and terms and click “Calculate” and an amortization schedule will be generated.

USDA Mortgage Calculator
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How To Apply For Your USDA Loan

Our USDA loan specialists here at Mortgage Banking Associates make your USDA loan application process as quick and easy as possible. With our vast experience, expertise and resources we are able to streamline the whole loan application and approval process to make it faster, easier, and hassle-free. You can start the USDA loan application process right now by simply filling out the form below:

Apply For Your USDA Loan Now

At Mortgage Banking Associates, our USDA mortgage lenders are passionate about helping people just like you make their dreams of home ownership come true! To get started with your USDA loan application, simply fill out the form below and the USDA mortgage specialists at Mortgage Banking Associates will contact you shortly:


Mortgage Banking Associates Reviews

We appreciate all your hard work and dedication to helping us with our loan. As you know this is our dream come true and you helped us tremendously! A special thanks to you and your team for all you have done.

Mark & Maria Metz

Thank you so much for being so kind to us, hard working and for getting things done! There were times when we didn’t think it would ever happen but we are now in our “forever home.”

James & Millie Carter

Our new found “happiness” was made possible by you and your colleagues. Much appreciation and many thanks. You’re the best!

Dave & Ellen Braykavich

Thank you for all the time and hard work you and your employees put into helping us get the loan for our home. It was a miracle only you could have pulled off. Thanks again and may God bless you all.

Dick & Edith Randall

Thank you very much for working so patiently with me to help in the purchase of my home. I really appreciate your support.

Henry Phillips

We want to express our deepest gratitude for all you’ve done for us in helping us secure our home. You helped us realize a dream we thought was beyond us.

Mike & Marie Lague

We would like to thank you and your wonderful staff for doing such a fantastic job in processing our loan. It’s not very often that you encounter individuals with the level of kindness, loyalty, warm-hearted and professionalism like yourselves. You made the whole process fun, easy and exciting.

Jose & Beatrix Isaac

We thank you for your tireless effort and all your hard work to get us in our new home. Thank you very much!

Jerry & Marilyn

We would like to thank you for handling our mortgage. You have a wonderful staff that was great to work with. Your receptionist was always friendly and courteous. Thank you all.

Vicky & Bob Sayer