USDA Loan Guide

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Town ‘n’ Country, FL USDA Home Loan Guide

What is a Town ‘n’ Country, FL USDA Mortgage?

Welcome to the Smart Mortgage guide on USDA Mortgages. Navigating the home financing world can be a daunting task, but understanding the various mortgage options available can significantly streamline the process. One such option that you might not be familiar with is the Town ‘n’ Country USDA mortgage. Let’s dive in.

1. Overview

A USDA mortgage, formally known as the USDA Rural Development Guaranteed Housing Loan, is a mortgage loan offered to rural property owners by the United States Department of Agriculture (USDA). Designed primarily to promote Florida homeownership in rural and some suburban areas, the Town ‘n’ Country USDA loan comes with a range of benefits that make it a viable option for eligible homebuyers.

2. Key Features

  • No Down Payment: One of the standout features of a USDA loan in Town ‘n’ Country is the possibility of financing up to 100% of the home’s price. This means eligible borrowers can buy a Florida home with no down payment.
  • Competitive Interest Rates: Typically, USDA loans come with interest rates that are either at or below the market rate.
  • Flexible Credit Guidelines: USDA loans often have more lenient credit requirements, which can be beneficial for those with a less than perfect credit history.

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    3. Town ‘n’ Country, FL USDA Eligibility

    To be eligible for a Town ‘n’ Country USDA mortgage, borrowers must meet certain requirements:

    • Location: The Town ‘n’ Country property must be located in an eligible rural or certain suburban area as defined by the USDA.
    • Income Limits: There are specific income requirements, both minimum and maximum, based on the median income of the area.
    • Creditworthiness: While the USDA is generally more lenient with credit scores, a certain credit standard must still be met.
    • Primary Residence: The borrower must occupy the home as their primary residence.

    4. Town ‘n’ Country, FL USDA Mortgage Benefits

    • Affordability: With no down payment and the potential for lower mortgage insurance premiums, a Town ‘n’ Country USDA loan can be more affordable in the long run.
    • Inclusive: It’s a great option for Town ‘n’ Country, FL first-time homebuyers or those without a substantial savings for a down payment.
    • Supporting Rural Development: By opting for a USDA mortgage, you’re indirectly supporting the development and sustainability of rural communities.

    5. How Smart Mortgage Can Help

    Navigating the intricacies of USDA mortgages can be challenging. That’s where Smart Mortgage steps in. Our team of seasoned USDA mortgage professionals is here to guide you through every step, ensuring you make informed decisions tailored to your needs. Whether you have questions about your eligibility or the application process, we’re here to help.

    Take the Next Step Interested in exploring if a Town ‘n’ Country USDA mortgage is right for you? Get in touch with our Smart Mortgage team today at (888)416-4805. We’re committed to helping you find the best mortgage solution for your unique situation.

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    More information About Town ‘n’ Country, Florida

    Town ‘n’ Country is a census-designated place (CDP) in Hillsborough County, Florida, United States. The population was 85,951 at the 2020 census.

    Within Town ‘n’ Country are located Bay Crest Park, Countryway, Rocky Creek, Sweetwater Creek.

    Prior to the 1950s, Town ‘n’ Country was primarily natural areas and cattle farms. In 1958, the LaMonte-Shimberg Corporation purchased a 525-acre dairy farm from the Webb family near the Hillsborough Avenue-Memorial intersection to construct the Town ‘n’ Country Park subdivision, making the area one of Tampa’s first suburban communities. By the time the original developers and builders of Town ‘n’ Country had built their last house, the area covered more than 2,000 acres and stretched over three miles from Memorial Highway on the south to north of Waters Avenue. In this area, nearly 8,000 single-family homes and townhouses were built from 1958 to 1978 by LaMonte-Shimberg.

    The ZIP code for Town ‘n’ Country is 33615; other nearby ZIP codes include 33634 and 33635.

    Town ‘n’ Country is located in western Hillsborough County at 28°0′36″N 82°34′22″W / 28.01000°N 82.57278°W / 28.01000; -82.57278 (28.010046, -82.572815). It is bordered to the south by the city of Tampa and is about 12 miles (19 km) northwest of downtown. The CDP is bordered to the north by Westchase, Citrus Park, and Carrollwood, and to the east by Egypt Lake-Leto. To the west is the city of Oldsmar in Pinellas County. The northwest portion of Tampa International Airport is located within Town ‘n’ Country CDP.

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