Zero down payment mortgage for eligible rural and suburban areas in Florida. Income-based qualification with competitive rates from the US Department of Agriculture.
$0
Down Payment
1%
Guarantee Fee
0.35%
Annual Fee
Written by Renzo Johnson, Licensed MLO · NMLS #PENDING · Last updated: February 2026
Key Features
- $0 down payment — 100% financing
- Low guarantee fee: 1% upfront (financed) + 0.35% annual
- No maximum purchase price (but must meet area loan limits)
- 30-year fixed rate only
- Income limits: 115% of area median income
- Seller can contribute up to 6% toward closing costs
- Gift funds allowed
- No minimum credit score (most lenders require 640)
Who Is This For?
- Moderate-income families in eligible rural/suburban areas
- Buyers who want $0 down but don’t qualify for VA
- Families relocating to smaller Florida communities
- Buyers in eligible areas who earn below 115% AMI
Florida-Specific Considerations
- Many Florida areas qualify — including suburbs of Orlando, Tampa, Jacksonville
- Use the USDA eligibility map to check your specific address
- Florida income limits vary by county and household size
- Not available in urban cores (Miami, downtown Orlando, downtown Tampa)
- Can combine with Florida SHIP programs for additional assistance
- Florida flood insurance may be required in eligible rural areas near waterways
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