It may come as a surprise that the United States Department of Agriculture (USDA) doesn’t only execute laws related to farming, forestry and food. This department also provides home loans. USDA-backed mortgageswere initially designed to assist rural Americans in achieving their dream of homeownership.
To this day, USDA financing offers substantial advantages to homebuyers across diverse regions of the country. In doing so, the department hopes to create thriving communities and improve the quality of life for the collective population.
Qualifying for a USDA home loan can be significantly easier than other mortgage options.
This is due to its less demanding qualifications and credit requirements. Eligibility is dependent on your income and location. One of the most alluring features of a USDA home loan is that qualifying borrowers can put zero money down when they purchase a home in designated areas.
If you’re ready to move into a brand-new Lennar home, USDA home loans can be used on select inventory homes in several of our communities in the Jacksonville area, including:
- Granary Park in Green Cove Springs, FL
- Edenbrooke at Hyland Trail in Green Cove Springs, FL
- Holstein Crossing in Green Cove Springs, FL
- Longbay Townhomes in Middleburg, FL
- Tributary in Yulee, FL
Starting from the mid $300s, Granary Park offers three collections of single-family homes.
The highly anticipated Holstein Crossing is another community of single-family homes coming soon to Green Cove Springs. For those ages 55+, Edenbrooke at Hyland Trail is an active adult master-planned community with prices beginning in the low $300,000s.
Those interested in purchasing for the first time may also be interested in Longbay Townhomes, which offers two distinctive layouts with prices starting in the high $200,000s. At Tributary, spacious floorplans offer indoor-outdoor living, like screened porches or covered lanais. To explore more communities in the Jacksonville area, click HERE.
*Zero down payment offer available on select homes to buyers who qualify for Lennar Mortgage’s rural housing program, not all property locations are eligible. Specific USDA terms, eligibility, credit and income restrictions apply (See Affiliated Business Arrangement Disclosure https://a.pgtb.me/qQFqbM). Lennar Mortgage, LLC – NMLS # 1058, Mortgage Lender/Servicer License # MLD549.
SOURCE: https://www.lennarmortgage.com/Loan-Options/USDA-Loan. Active-adult communities: Age restrictions apply to the occupants/owners in this community as permitted under the Fair Housing Act. This means for some communities that a designated percentage of the homes in the community must be occupied by at least one person 55 years or older (80% or 100%, depending on the community). There may also be minimum age requirements for other residents in the home, and/or a certain number of younger residents permitted in the community. These communities publish and adhere to policies and procedures that demonstrate the intent to operate as age 55 or older housing, and comply with HUD’s rules for age verification of residents. In other communities, all residents must be age 62 years or older (with limited exceptions). You are encouraged to review community documents and disclosures for applicable restrictions before purchasing. Please consult with a Lennar New Home Consultant regarding any questions regarding this community’s age policies. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Prices do not include closing costs and other fees to be paid by buyer (including a builder fee, if applicable, as described in the purchase agreement) and are subject to change without notice. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2024 Lennar Corporation and Lennar Mortgage, LLC. All rights reserved. Lennar, the Lennar logo, Lennar Mortgage and the Lennar Mortgage logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Seller’s Broker: Lennar Realty, Inc. Construction License: CBC1257529. Date 10/24