If you are interested in learning about all first time home buyer programs that are currently available in Merritt Island, 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 Merritt Island, FL.
To be eligible for the USDA loan program the property must be in an USDA approved zone. Currently there are no homes for sale within an USDA eligible zone in Merritt Island, FL. Couple of possible out comes are that Merritt Island, FL does not have any eligible areas OR there are no single family homes for sale in USDA approved areas at this time. DIY: please check USDA loan maps of Merritt Island, FL and get a visual idea of zones in or around Merritt Island, FL that are marked as eligible for USDA program.
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Below are recently generated USDA maps from locations within Merritt Island, 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 Merritt Island, 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 Merritt Island, 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 Merritt Island, FL.
The median price of a single family home in Merritt Island, FL is $899,218/- having a covered area of 2,408sqft. On an average it costs about 373/sqft of living space which is 7% cheaper than the state average of 403/sqft. Homes in Merritt Island, FL are about 1% costlier than other areas in the state.
Currently there are 134 single family homes for sale in Merritt Island, FL although none of them are in an USDA approved area.
Property summary last updated : 02 July, 2022, 13:29:12