USDA Direct Loans (also known as USDA Section 502 Direct Loans) are a mortgage program that assists low- and very-low income individuals buy decent, safe, and clean housing in rural areas. This is done through payment assistance which increases a borrower’s ability to repay. That payment assistance can be best described a subsidy which lowers the mortgage payment for short periods. The amount of assistance largely depends on the adjusted family income. USDA Direct Home Loans in Florida don’t work in the same manner as USDA Guaranteed Loans in Florida. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Florida USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Florida USDA Direct Loan Requirements

USDA Direct Loans are a mortgage program available for low-income individuals to buy homes in rural areas. USDA defines low- or very low income as anything between 50% and 80% of the Area Median (AMI). The statewide median income was recently reported as $55,660 in Florida, but this number may differ from one county to the next. For home buyers that meet those requirements, USDA Loans are a zero-down mortgage, meaning there’s no down payment. To be eligible, applicants must also meet the following requirements:

  • You don’t presently have decent, clean, sanitary and safe housing.
  • You can’t get another mortgage from a different source with terms and conditions reasonably expected to be met.
  • The subject property must be your primary residence.
  • You must be legally eligible for a mortgage.
  • You must meet citizenship requirements or non-citizen requirements.
  • You must be eligible for participation in federal programs.

In addition, the subject property must meet the following requirements.

  • It must be moderately-sized for the area.
  • The home cause can’t exceed the area’s applicable loan limit.
  • The home can’t be designed for the production of income.

How much can I borrow with a USDA Direct Mortgage?

Up to the maximum loan limit, the amount of money that an applicant’s eligible for depends on their ability to pay it back. When evaluating home loan applicants for Direct home loans, Rural Development considers income, assets, debt, and payment assistance. And remember, you can’t borrow more than the local USDA loan limit for the county where the home is located, no matter what your repayment ability may be.

What areas in FL are eligible for USDA Direct Loans?

The subject property must be in an approved rural area. You can search specific addresses in Florida for USDA eligibility here.

Are there other zero down mortgage options or low down payment mortgages in Florida?

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Florida besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Florida, FHA Loan in Florida, or if you’re a veteran or qualified family member, VA Loans in Florida. You may also want to research if any helpful Florida down payment assistance programs may be available.

Search all USDA Guaranteed Loan Limits (Direct and Guaranteed Loans)
Learn about today’s USDA Loan Requirements

Direct Loans aren’t as popular as USDA Guaranteed Loans, which accommodate a wider range of borrower qualifications. The USDA sets specific maximum mortgage limits for Direct Loans in Florida. Search home loan limits for your area below.

Florida USDA Direct Loan Limits

Area
Direct Loan Limit
Alachua $251,862
Baker $287,040
Bay $251,862
Bradford $251,862
Brevard $251,862
Broward $285,200
Calhoun $251,862
Charlotte $294,515
Citrus $251,862
Clay $287,040
Collier $360,640
Columbia $251,862
DeSoto $251,862
Dixie $287,040
Duval $275,080
Escambia $251,862
Flagler $251,862
Franklin $251,862
Gadsden $251,862
Gilchrist $251,862
Glades $251,862
Gulf $251,862
Hamilton $251,862
Hardee $251,862
Hendry $251,862
Hernando $251,862
Highlands $251,862
Hillsborough $251,862
Holmes $251,862
Indian River $251,862
Jackson $251,862
Jefferson $251,862
Lafayette $251,862
Lake $251,862
Lee $294,515
Leon $251,862
Levy $251,862
Liberty $251,862
Madison $256,680
Manatee $299,000
Marion $262,200
Martin $285,200
Monroe $423,200
Nassau $287,040
Okaloosa $296,240
Okeechobee $251,862
Orange $251,862
Osceola $251,862
Palm Beach $285,200
Pasco $251,862
Pinellas $251,862
Polk $251,862
Putnam $251,862
Santa Rosa $270,950
Sarasota $294,515
Seminole $251,862
St. Johns $287,040
St. Lucie $262,200
Sumter $251,862
Suwannee $251,862
Taylor $251,862
Union $251,862
Volusia $251,862
Wakulla $251,862
Walton $296,240
Washington $251,862

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)

All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

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Maximum Loan Amounts
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Maximum Applicant Income
Alabama USDA Direct Income Limits

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