hey prescott.
See what you qualify for
Statewide programFirst mortgage

USDA Single Family Housing Guaranteed Loan Program (Florida)

USDA Single Family Housing Guaranteed Loan Program (Florida) is a first mortgage for homebuyers in Florida.

Last verified
Check if this fits me Official program site ↗

The program asks for

  • The home is occupied as a primary residence
  • A minimum 640 credit score
  • A home in Florida

It doesn’t cover

  • Households above 115% 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

115% 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.

Income limits in Florida

Where it applies

Florida’s homes

  • 54.7% single-family
  • 6.7% townhouse
  • 5.9% 2–4 units
  • 24.5% 5+ units
  • 8.2% mobile & 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

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. 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 Guaranteed Loan Program (Florida)?

USDA Single Family Housing Guaranteed Loan Program (Florida) is a first mortgage for homebuyers in Florida. USDA 100% financing (no down payment required) for eligible properties in rural and suburban Florida. Income limits: ≤$119,850 (1-4 person HH). Many Florida areas including communities near major metros qualify. Check eligibility map at eligibility.sc.egov.usda.gov. No down payment required. No PMI. Competitive interest rates. Can be combined with SHIP DPA programs. Funding comes from Federal.

Do you have to pay it back?

USDA Single Family Housing Guaranteed Loan Program (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 Guaranteed Loan Program (Florida) is open to homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 640.

What are the income limits?

USDA Single Family Housing Guaranteed Loan Program (Florida) limits household income to 115% of the area median income, which varies by county and household size. ≤$119,850 for 1-4 person household; ≤$158,250 for 5-8 person household. Property must be in USDA-eligible rural/suburban 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 Guaranteed Loan Program (Florida) can be used for Single Family.

Where does it apply?

USDA Single Family Housing Guaranteed Loan Program (Florida) serves homebuyers purchasing anywhere in Florida. The program targets specific areas: USDA-designated eligible rural and suburban areas. Check eligibility map.

How do you apply?

Applications for USDA Single Family Housing Guaranteed Loan Program (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 homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 88 programs for Florida

Program terms are set by the administering agency and can change; confirm on the official site before you apply.