No Money Down Home Options in Kendale Lakes, FL
“Learn about the Benefits of the Kendale Lakes, FL USDA home loan with Smart Mortgage!”
Kendale Lakes, Florida USDA Loan Benefits
The Kendale Lakes, FL USDA home loan program, designed to assist rural homebuyers, offers several significant benefits. Here’s a guide outlining its key advantages:
- No Down Payment Required: One of the most significant benefits of the Kendale Lakes, FL USDA loan is that it does not require a down payment. This feature makes homeownership more accessible to many who may struggle to save for a large down payment.
- Lower Interest Rates: Typically, USDA loans come with interest rates that are lower than conventional loans. This can result in significant savings over the life of the loan.
- Lower Mortgage Insurance Costs: Compared to other loan types like FHA or conventional loans, USDA loans often have lower mortgage insurance costs. This reduces the overall monthly payment and can make housing more affordable.
- Flexible Credit Guidelines: USDA loans have more lenient credit requirements compared to conventional loans. This is beneficial for buyers with less-than-perfect credit histories.
- 100% Financing: Since there’s no down payment required, Kendale Lakes, FL USDA loans offer 100% financing. This is particularly helpful for buyers who have good income but limited savings for a down payment.
6. Fixed-Rate Mortgages: USDA loans are typically fixed-rate mortgages, which means the interest rate remains the same throughout the life of the loan. This predictability is beneficial for budgeting and financial planning.
7. Assistance for First-Time and Repeat Buyers: The program is available not only to first-time homebuyers but also to those who are buying a home for the second time or more, as long as they meet the eligibility criteria.
8. Geographical Flexibility: Although designed for rural areas, the definition of “rural” includes many areas around Kendale Lakes, FL as well. This offers a broader range of locations for potential homeowners.
Questions Call (888)416-4805
Get Pre-Approved Now
Get cash from your home.
Apply to see how a Kendale Lakes, FL cash out refinance can help you.
Homebuyer Seminars
Discover the keys to homeownership at our Kendale Lakes, FL USDA home buying seminar – your first step towards securing your dream home!
See our home loans.
Explore our diverse range of Kendale Lakes, FL home loan programs tailored to fit your unique needs!
9. Potential for Property Repairs and Improvements: In some cases, USDA loans in Kendale Lakes, FL can be used to purchase and repair a home. This is particularly advantageous for buyers looking at homes that may need some TLC.
10. No Maximum Purchase Price: Unlike some other loan programs, USDA loans do not have a maximum purchase price limit. However, the borrower’s ability to repay the loan is considered.
11. Streamlined Refinancing Options: For those who already have a USDA loan, the refinancing process is streamlined, making it easier and faster to reduce interest rates and monthly payments.
We Service the Following Areas in Florida:
Do you need a Pre-Approval?
Get a same day USDA pre-approval to shop for your dream home!
Mortgage Resource Center
Why Refinancing Your Home Now in August is a Great Idea
As we move through August, homeowners are presented with a unique financial opportunity: refinancing their homes. The current economic landscape, Read more
The Best Time to Refinance Your Home?
When is the Best Time to Refinance Your Home? Refinancing your home is a significant financial decision that can have lasting benefits if done Read more
Learn more about Kendale Lakes, Florida
Kendale Lakes is a census-designated place (CDP) and a suburb of Miami in Miami-Dade County, Florida, United States. It is located in the Miami metropolitan area of South Florida. The population was 55,646 at the 2020 census.
Kendale Lakes (and all of West Kendall) once had a large Miami Jewish population; many prominent attorneys lived there throughout the mid and late 70s. It was truly a bedroom community up until the mid to late 80s.
El Dorado Blvd was once a walk-through outdoor mall with many mom and pop stores called the Kendale Lakes Mall. It was a destination for locals and had many specialty shops like Second Skin, Smatt Bootery, Sentry Drugs, Mightiest Mortals and restaurants like Fiesta Tacos, The Carvery, Cozzoli’s Pizza, Tiger Tea House and Burns Bakery to name but a few. Kendale Lakes Mall remains a source of nostalgia for many locals who grew up in the area during the late 1970s and 1980s.
The Kendale Lakes Country Club was bought by the Miccosukee tribe. It originally was an amenity offered to local homeowners. It is still surrounded by tree lined streets – a canopy of trees and lush green lawns. Coral rocks cover a moat which is located around its circumference, and it is dotted with lakes. At one time there was a small sandy beach and picnic area and pier which is now closed. There are remnants of the old pier. There were two pools at the country club (one for family and one for adults only) including an Olympic size pool, replaced now by a volleyball court.
Kendale Lakes is located 15 miles (24 km) west-southwest of downtown Miami at 25°42′30″N 80°24′42″W / 25.70833°N 80.41167°W / 25.70833; -80.41167 (25.708464, -80.411610). It is bordered to the north by Tamiami, to the northeast by Westwood Lakes, to the southeast by Kendall, to the south by The Crossings, to the southwest by The Hammocks, and to the west by Kendall West.