If you are interested in learning about all first time home buyer programs that are currently available in Lakeland, FL, please visit programs section and provide your name and a valid email address. Make sure to check your email, which is where we will send information regarding the latest mortgage programs and qualification requirements for residents living in Lakeland, FL.
United States Department of Agriculture (USDA) started offering loans for the development of rural and suburban areas. USDA loans are no money down payment home loan programs that a lot of home buyers do not realize that they can qualify for. To be eligible for the USDA loan program the property must be in an USDA approved zone. Good news is that there are 251 homes for sale within an USDA eligible zone in Lakeland, FL. You can go see these properties with a local agent and we can help you with appointment and also get you pre-approved for USDA loan in the mean time. DIY: to explore more eligible zones in Lakeland, FL please check USDA loan maps of Lakeland, FL and get a visual idea of zoning in and around Lakeland, FL that are marked as eligible for USDA program.
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Below are recently generated USDA maps from locations within Lakeland, FL. This will help you in locating zones that are eligible for USDA home loans.
To generate USDA map for any other property use eligibility checker.
Note: All the non peach areas in the map are eligible for a USDA home loan.
Current USDA turn times in Lakeland, FL is 10-12 days.
USDA income limits depends upon the size of the family. For family with 1-4 members current income limits in Lakeland, FL $90,300/- whereas for a family with 5-8 members income limits go upto $119,200/-.
Loan closing is relative to you sending your purchase contract. From the time when we recieve purchase contact it may take approx 5-6 weeks to close a loan in Lakeland, FL.
The median price of a single family home in Lakeland, FL is $417,843/- having a covered area of 1,950sqft. On an average it costs about 214/sqft of living space which is 46% cheaper than the state average of 395/sqft. Homes in Lakeland, FL are about 56% cheaper than other areas in the state.
Currently there are 786 single family homes for sale in Lakeland, FL, of these 251 are in an USDA approved area.
USDA eligible homes in Lakeland, FL come at an average price of approxiately $490,293/- and have a covered area of 2,055sqft. Homes in USDA approved zone in Lakeland, FL are about 17% costlier compared to the homes in the local market. On the state average USDA homes in Lakeland, FL are about 33% cheaper compared to other eligible zones.
Property summary last updated : 29 May, 2023, 17:55:25