USDA Single Family Housing Direct Loan (Florida)
USDA Single Family Housing Direct Loan (Florida) is a first mortgage for homebuyers in Florida.
The program asks for
- The home is occupied as a primary residence
- A minimum 620 credit score
- A home in Florida
It doesn’t cover
- Households above 80% of area median income
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of the area median income where the home is
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
Where it applies
Florida’s homesFlorida’s homes, and the ones this program accepts
- 54.7% single-familysingle-family
- 6.7% townhousetownhouse
- 5.9% 2–4 units2–4 units
- 24.5% 5+ unitscondo & apartment buildings (5+ units)
- 8.2% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$359,000
Florida median home value
34%
built before 1980
U.S. Census Bureau, ACS 2024 5-year.
How to apply
How to applyTwo steps, in this order
Contact the administering agency to reserve funds
Funds are reserved with the provider and are subject to availability.
Work with a lender who handles the program
Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Questions about this program
What is USDA Single Family Housing Direct Loan (Florida)?
USDA Single Family Housing Direct Loan (Florida) is a first mortgage for homebuyers in Florida. USDA Direct Loan provides 100% financing directly from USDA to very low and low income buyers in rural Florida. Payment assistance subsidy can reduce effective interest rate to approximately 1%. Current rate (April 2026): 5.00% before subsidy. Funding comes from Federal.
Do you have to pay it back?
USDA Single Family Housing Direct Loan (Florida) is a first mortgage and is repaid under the terms set by the administering agency. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
USDA Single Family Housing Direct Loan (Florida) is open to homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 620.
What are the income limits?
USDA Single Family Housing Direct Loan (Florida) limits household income to 80% of the area median income, which varies by county and household size. Very Low and Low Income only (generally below 50-80% AMI). Property must be in USDA-eligible rural area. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
USDA Single Family Housing Direct Loan (Florida) can be used for Single Family.
Where does it apply?
USDA Single Family Housing Direct Loan (Florida) serves homebuyers purchasing anywhere in Florida. The program targets specific areas: USDA-designated eligible rural areas only.
How do you apply?
Applications for USDA Single Family Housing Direct Loan (Florida) go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for Florida homebuyersOther programs open to Florida homebuyers
- Florida Hometown HeroesUp to $35,000
- Salute Our Soldiers Military Loan ProgramUp to $35,000
- Florida Assist (FL Assist)Up to $10,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 88 programs for FloridaProgram terms are set by the administering agency and can change; confirm on the official site before you apply.