USDA Loan for Land in Tampa Bay Florida

Want to get a home in Tampa Bay Florida?  Then you have just a couple of home financing options, but the best option currently is USDA Loan for Land. A USDA home loan is a government-backed loan with a no-down-payment mortgage.

USDA stands for United States Department of Agriculture. While it’s a government agency, they’re known for providing USDA mortgage loans for farming, forestry, and food.

 

History of USDA Loan for Land

The inception of the USDA home loan goes back to 1949 when the American Housing Act was passed. The law was passed after World War 2 when the US housing market was in short supply, causing millions of families to share homes.

When the law was passed, it cleared the route for the homeless and the needy. Some loans had waived the