Chris Luis, My Favorite Mortgage Broker 
"I work for you, not the banks." 
NMLS 888571

CLuisMortgages. LLC             
MBR 1575, NMLS 1159714                                       
t: 941-219-4381
f: 800.718.1862
HomeInfoLoan ProgramsApply NowAbout Reviews

click to email 

Lakewood Ranch Homes - $0 Down USDA Eligible 

USDA stands for United States Department of Agriculture. Originally, the program was designed to help families with moderate income buy rural housing. Or, homes in the country, far away from the city. The location of the property determines whether the home is USDA 

Today, most of Lakewood Ranch is in USDA $0 Down Eligible. You can buy many homes in Lakewood Ranch with $0 down payment. 

Key Notes on USDA Mortgages

Down Payment: 0% down payment. Closing Costs: Averages @2.5% - this can be paid by you or the seller. 

Credit Score: Minimum 580. Interest Rate: depends on credit score and loan size; the better your credit, the larger the loan, the lower the interest rate. In general, range from 4.5% to 5.25%. 

Must be your Primary Home. 

Income Limitations: total family income must be under $86,500. The income of your spouse and children are all considered. 

The home can be a regular sale, short sale, foreclosure home or bank owned home single family, townhome or approved condo.  

Applies for First-time home buyers, or move-up buyers. No special first-time buyer’s class, down payment assistance, or bond money is needed.

Other Monthly Debts (auto, credit cards, student loans) at under $750 to qualify. 

Key Notes on the Lakewood Ranch Homes $0 Down Homes 

1.Homes valued up to $360,000 ---it depends on your total monthly debt. Some possibility of higher priced homes.

2.Huge portions of Manatee-Sarasota Counties area are eligible.  

3.EVERYTHING EAST of Route 75 is eligible. Including Myakka City. 

4.A stretch WEST of Route 75 is also USDA territory. 

5.Anything South of Route 64 (Manatee Ave), which tracks the Manatee River, down to Ward Lake, then tracking Honore Avenue until University Parkway is also USDA eligible. 

Parts of Palmetto and Ellenton are also USDA eligible. 

Most of central Florida is eligible. 

Write or call me if you want to see if you or a property is USDA eligible. 

$0Down #USDAMortgages #USDAMortgageBroker #LakewoodRanchRealEstate 

Contact Us