Naples USDA Mortgage

Core Mortgage Financial specializes in Naples USDA Mortgages within Collier County limits. Naples USDA Mortgage is designed for low to moderate income borrowers without a down payment requirement.
Naples USDA Home loan requirement are as follows:



• Have income that has been consistent for at least one year
• Combined income cannot exceed collier counties limit of $81,450
• Have a minimum middle credit score of 620
• Must be a primary residence purchase or refinance
• Maximum debt to income ratio is 50%.

 
Naples USDA Home Loans is a 100% financing products. USDA has a funding fee to complete the loan. The purchase funding fee is 3.5% for the entire year of 2011.



The funding fee can be financed into the loan amount of paid by the seller or buyer.
Naples USDA mortgage has the ability to finance all closing costs plus the funding fee into the loan amount as long as the property appraises at the final loan amount. The maximum loan to value is 115%.
We have closed many Naples USDA mortgages over the years and have been considered a leader in this market. All of collier county real estate is approved for this financing.


 If you would more information on the property and income requirements click here.


 Core Mortgage Financial would be honored to discuss your Naples USDA mortgage options any time !
I hope you found this information useful ! Please do not hesitate to come by our office located downtown near tin city or give us a call.

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