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Florida USDA Loan FAQ and Changes in 2024

September 29, 20230 min read

The Florida USDA Loan program has undergone several changes in 2024 that potential borrowers and homeowners should be aware of. This program, designed to aid rural homebuyers in securing affordable housing, remains an essential tool for many individuals.

To ensure you're up-to-date with the latest requirements, modifications, and opportunities, we've compiled this comprehensive FAQ.

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Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.

Phil Ganz

Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.

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Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs.

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