USDA Loans in Florida
Buy an eligible Florida home with $0 down and no standard PMI — just a low annual guarantee fee. USDA financing makes ownership reachable across rural and many suburban areas statewide.
- $0 down
- No standard PMI
- 640+ FICO
- Rural & suburban
What is a USDA loan in Florida?
A Florida USDA loan is a $0-down mortgage backed by the U.S. Department of Agriculture for homes in eligible rural and many suburban areas. CambridgeHomeLoan.com offers USDA purchase loans with no down payment, competitive rates, and a low guarantee fee for buyers within the program’s income limits.
Florida USDA loan payment calculator
Estimate your monthly payment with $0 down and the USDA annual fee. Adjust price, rate, taxes, and insurance.
Florida USDA loan requirements
| Down payment | $0 on eligible USDA properties |
| Area eligibility | Home must be in a USDA-eligible rural/suburban area |
| Income limit | Household income within ~115% of the area median |
| Minimum credit | 640+ for streamlined processing |
| Guarantee fee | 1% upfront (financed) + ~0.35% annual |
| Occupancy | Primary residence only |
| Property types | Single-family, eligible condos & townhomes |
| Mortgage insurance | No monthly PMI — only the low annual fee |
USDA vs. FHA in Florida
| Feature | USDA | FHA |
|---|---|---|
| Down payment | $0 | 3.5% |
| Mortgage insurance | Low annual guarantee fee | MIP (upfront + annual) |
| Area limits | USDA-eligible areas | Anywhere |
| Income limits | Yes (~115% AMI) | No |
| Best for | Rural & suburban buyers | Broad use |
USDA loan pros and cons
Advantages
- True $0 down on eligible homes
- Low guarantee fee — no standard PMI
- Competitive rates and flexible credit
- Gift funds and seller credits allowed
- Great for first-time buyers outside the metros
Considerations
- Home must be in a USDA-eligible area
- Household income limits apply
- Primary residence only
- Guarantee fee still applies (though low)
USDA-eligible Florida
A surprising amount of Florida qualifies for USDA financing — much of the Panhandle, Central Florida outside Orlando’s core, the Nature Coast, and many rural and small-town markets from Lake City to Sebring and beyond. If you’re open to areas just outside the big metros, USDA can put you in a home with zero down. We’ll confirm the exact address and your income limit.
Florida USDA loan questions
What is a USDA loan in Florida?
Do USDA loans really require no down payment?
How do I know if a Florida home is USDA-eligible?
What are the income limits?
What credit score do I need?
Is there mortgage insurance on a USDA loan?
Own a Florida home with $0 down
USDA financing for eligible rural and suburban buyers — let’s check your area.
Check USDA EligibilityCambridgeHomeLoan.com · 4830 West Kennedy Blvd, Tampa, FL 33609 · NMLS #1826020 · 800-826-5077 · info@cambridgehomeloan.com. Equal Housing Lender. USDA loans require an eligible area and income within program limits. Rates, terms, and eligibility are subject to change and to borrower and property qualification. This is not a commitment to lend.