A USDA Loan can help you buy a home in Oakdale PA with no down payment needed.
USDA loans offer homebuyers the chance to buy a home with no down payment needed. These loans are only offered in USDA approved areas. Oakdale and it’s immediate surrounding areas are eligible for the USDA no down payment program.
When you get a USDA loan in Punxsutawney you probably won’t wake up every morning to “I’ve Got You Babe” playing on your alarm clock. but you will wake up knowing that the low interest rate on your USDA mortgage will never change. The USDA only offers 30 year fixed rates.
buy a home in Punsutawney with no down payment
buy a home in Punxsutawney with no money due at closing
USDA offers some of the lowest mortgage rates available in Punsutawney
Punxsutawney USDA loans only offer 30 year fixed rates with no prepayment penalties
For a free consultation about qualifying for a USDA Mortgage, feel free to call us at 717-745-8380, email us at USDA@keystonehomefinance.com, or fill out the Contact Form below. We will be glad to help.
When visiting Bill’s Golfland in Rostraver Township, I noticed there are a lot of nice neighborhoods in Rostraver Township that are eligible for 100% financing with the USDA Mortgage Loan Program.
USDA Mortgages have geographic restrictions. Not all areas of Westmoreland County are eligible. The USDA only allows their program in areas considered rural. In reality, most non-metro areas are zoned as eligible. The USDA has zoned Rostraver Township as eligible for their USDA Rural Development Loan Program.
In addition to Rostraver Township, all other areas of the Belle Vernon School District are also eligible for the USDA Rural Development Loan Program. Other areas of Westmoreland County that are eligible for the USDA Program can be found at the Westmoreland County USDA page.
Located in western Allegheny County, Clinton Pennsylvania is a desired location for employees of the Pittsburgh International Airport and the Pittsburgh Post-Gazette printing plant.
Known also as the USDA Guaranteed Mortgage Program, USDA loans do not require a down payment and any closing costs can be covered in a few different ways.
USDA Credit Requirements are more flexible than most mortgage programs
Income Requirements are determine according to the Allegheny County USDA Requirements
No Down Payment Required; verifying assets is not required but any verified assets can strengthen your Approval
Chadds Ford Township is the only area of Delaware County that is actually eligible for the no down payment USDA Rural Development Loan Program. USDA Loan eligible areas are determined by the USDA census map. All other areas of Delaware County, Pennsylvania have been deemed as too densely populated to qualify for this rural mortgage program.
If you have VA benefits, then using these benefits to obtain a Chadds Ford VA Loan is going to be your cheapest option. If you do not have VA eligibility then the USDA Mortgage program is usually your most cost effective option.
The USDA also uses census data to set household income limits for their Rural Development Loan Program. Any income generated within the household will count towards this limit even if this income is not a earned by an applicant on the mortgage application. This means if Grandma lives with you, her Social Security Income will count towards this household limit. If the teenage son earns money working part time at the Brandywine River Museum, then the USDA will count these earnings towards the cap.
To see if you are qualified for a Chadds Ford USDA mortgage call, email, or fill out the Contact Form below to explore your options.
When buying a home in Selinsgrove, you may want to take a look at the Pennsylvania USDA Mortgage Program. USDA loans, also referred to a Rural Development Loans, allow eligible homebuyers to purchase a home with no need for a down payment. USDA loans are only available in areas that are designated as rural according to the U.S. Census Maps.
All of Snyder County Pennsylvania has been ruled as eligible for the USDA Loan Program. This is good news for Selinsgrove. In many Pennsylvania counties, we see the largest towns excluded for this Rural Development Program. Selinsgrove, despite having an area population approaching 10,000, has remained on the USDA’s most recent eligibility map.
This entire area of Snyder County Pennsylvania is USDA Eligible
Qualifying for a Selinsgrove USDA Loan is a matter of comparing credit history and available income. If you believe you have decent credit or you are working on your credit and would like some pointers, contact one of our USDA loan specialists for a free consultation.
You may not need any money at closing when buying a home in Kennett Square. Located in southern Chester County, Kennett Square has been zoned as eligible for the USDA Guaranteed Mortgage Program. As part of the USDA’s Rural Development Loan program, no down payment mortgages are made available for eligible home buyers.
No, the USDA does not require you to be a first time home buyer, but they do not allow you to own more than one home at a time. If you currently own a home, it will need to be sold as part of any new home purchase. We can help you coordinate this when obtaining your new Kennett Square mortgage.
Maybe not. There are two ways to structure a USDA loan to avoid any cash due at closing from the home buyer. If the seller won’t cooperate or if the home does not appraise for a high enough amount to roll in the closing costs, there are ways that we can adjust the interest rate to possible cover closing costs as well.
As discussed on the Chester County USDA page, there are household income rules for a USDA Mortgage Approval in Kennett Square. If your household income level is a little bit above these figures, there is a chance you can still qualify, as the USDA allows deducts some medical expenses and child care expenses as part of their household income calculation.
To see if a specific house in Kennett Square is eligible for the USDA Rural Development Loan program or if you would like to more information about qualifying for a USDA Loan contact us for a free qualification.
Finleyville PA has been zoned as eligible for the USDA rural mortgage loan program. Any home located within the Borough of Finleyville has the potential to be eligible for 100% financing with the USDA rural loan program.
The USDA program is often referred to by the following names...
USDA Loan
USDA Rural Loan
USDA Mortgage
USDA Home Loan
Rural Development Loan
No matter what we call it, all of these names have one key highlight in common...
In addition, USDA loans also allow two different ways for a homebuyer have the closing costs covered. As a result, USDA loans can often be arranged so there is no money due from a buyer at closing. Among the most common mortgage programs, the ability to finance the closing costs into a purchase loan is a feature that is unique to the USDA program.
From a geographic standpoint, properties located in Finleyville are automatically eligible for the USDA rural loan program.
The USDA does have conditions for property condition. The home should be free of the need for major repair or safety issues. The USDA program generally requires that homes be “move in ready”. The USDA uses the real estate appraiser as their eyes on the property. If the appraiser flags the property for any repairs, those items will need to be corrected before the transaction can close.
cracked windows
plumbing problems
stuck doors or window
frayed wiring
unheated rooms
foundation issues
peeling paint on older homes (due to possible lead)
outlets without ground fault interupters too close to a water source
Harleysville Pennsylvania is eligible for the USDA Loan program. The USDA Loan allows qualified homebuyers to purchase a home with no down payment and many times these transactions can also be structured with no money due at closing.
Souderton
Telford
Franconia
Earlington
Lower Salford
Upper Salford
Woxall
Vernfield
It might not feel like you are in a rural area when you are walking on Route 88 in downtown Monongahela, but you are still in an eligible area for the USDA Rural Development Loan.
USDA loans allow homebuyers to purchase a house with no down payment and often no need for any money due at closing.
Homebuyers need to show enough to qualify but they can not have more household income than the amounts in this table.
credit scores of 640 have an easier approval
credit scores between 580 and 640 still have a chance at approval if current housing history can be documented through a bank account and the primary reason for the lower score is due to medical collections
no down payment required
closing costs can possibly be paid by the seller or can be included in the final loan amount
household income must be high enough to qualify for approval but must also be below the USDA maximum income level for Washington County
Monongahela is served by the Ringgold School District. The rest of Ringgold School District in also located in a USDA eligible area including New Eagle, Donora, and Finleyville.
Contact us to review your options for a USDA Approval anywhere in the Mon Valley.
The founder, Dettmar Basse, named the town after his daughter who had the nickname “Zelie”
Founded in 1802, Zelienople is known for its small town Americana charm. People who wish to buy a home in Zelienople can do so without the need for a down payment if they can qualify for a USDA loan.
Qualifying for a USDA loan in Zelienople is similar to qualifying with other types of mortgages with one big exception. USDA loans have income caps. If you make too much money, the USDA says “find another program.”
The USDA sets its income restrictions by census data on a County level. If your Household Income is above the figures listed in the table below, you may still qualify. The USDA does allow for some reductions to the income calculation for medical expenses and child care expenses.
Since many of the USDA Loan guidelines are set according to County, visit the Butler County USDA page to learn more specific details about USDA eligible areas and USDA credit guidelines. You can also call us 412-567-6560 or email with any questions.
There is some goods news for home buyers in Montoursville, Pennsylvania.
Previously the USDA had the town of Montoursville included as one of the ineligible areas of Lycoming County. Montoursvile was included with in the Williamsport metro area.
As you may know, the USDA Mortgage Program, also known as the USDA Rural Development loan, is intended for eligible home buyers in areas designated as non-metro. Small to medium sized Pennsylvania cities such as Williamsport are often ruled as ineligible for this rural loan program. Often the USDA would include towns that bordered a metro area as ineligible too. Previous USDA eligibility maps had Montoursville lumped in with the Williamsport metro area.
No, Montoursville did not experience a drop in population. The USDA simply re-evaluated their maps and decided to loosen up their geographic requirements. As a result, Montoursville is one of the areas that is now included as a USDA eligible area.
No Down Payment Needed
Closing costs can be paid by the seller (up to 6% of the sales price)
Closing costs can also be financed into the loan amount (if the appraisal supports the needed loan amount)
Interest rates are 30 year fixed rates; no adjustable rates; no prepayment penalties
Almost all of Lycoming County, Pennsylvania is eligible for the USDA Mortgage Program. The only area that the U.S. Census map have zoned as ineligible is the immediate Williamsport and South Williampsort city limits. More information about other areas of Lycoming County that are eligible for a 100% USDA Loan can be found here.
As with all USDA loans, there are maximum household income limits to use this program. These income limits are set by the USDA for each County in Pennsylvania. If your household income is close but exceeds the figures listed here, there are some deductions that can be made for medical and/or childcare expenses that may get your income under the limit.
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USDA only offers their program with 30 year fixed rates so you never have to worry about your interest rate changing. We find that USDA interest rates are comparable to the interest rates we see for other government backed mortgage programs such as FHA and VA. Like all mortgage rates, available USDAinterest rates move up and down with the daily markets. Rates can be locked in at time of application. Below we have included an overview of what type of terms are possible as on 5/03/19.
USDA Loans allow homebuyers to purchase a home in Gilbertsville, Pennsylvania with no down payment and often with no money due at closing.
There are three components to qualifying for a USDA loan…
1) The Home
2) Your Income
3) Your Credit
The USDA has restrictions on property location and property type.
USDA Property Location
All homes in Gilbertsville, Pennsylvania are geographically eligible for a USDA Loan. The USDA has no location restrictions in Gilbertsville.
USDA Property Type
The USDA allows loans for Single Family Residences, eligible Condos, Manufactured homes, and Modular homes. The USDA requires that the home be “move in ready”. This is not a program for buying a “fixer upper”.
The USDA has maximum income limits for each Pennsylvania County. All of Montgomery County, including Gilbertsville, has the following income limits...
If you have at least a 640 score, you will have an easier path to a USDA loan approval. It is possible to get approved with a score below 640, but the approval will be require some additional verification such as documented rental history, solid job history, and possible some verifiable reserves in a bank statement
To review your options about buying a house in Gilbertsville with a USDA Loan, call us or email us and we will answer your questions. Other towns in Montgomery County are also eligible for a USDA Loan. Enter the name of your town in the Search Box below to learn more information.
Search for your other USDA Eligible Towns in Montgomery County
Located in Perry County, the town of Newport, Pennsylvania has been zoned eligible for the USDA Mortgage Program. This means that qualified homebuyers can purchase a home with No Down Payment required and often with no money at all needed at closing.
In addition to not requiring a down payment, the USDA Rural Loan is the only mortgage program that also allows borrowers to roll any closing costs into the loan itself. Whether the closing costs can be included in the loan amount or not depends on the appraisal. The appraised value of the home must support the loan amount needed to include the losing costs. With USDA loans, the seller can also pay the any closing costs.
Essentially, there are two different ways that a USDA Loan can be structured to limit or even completely eliminate any money due at closing from the buyer.
The credit score needed does depend somewhat on your exact situation. It is possible to get approved for a USDA loan with a credit score of just 580, however, if you have a score of at least 640, your path to approval will be easier. Credit scores below 640 will be looked at with tighter scrutiny. If your score is below 640, you’ll need to show 12 months of clean housing history. This means if you are currently renting, the USDA underwriter will want to see 12 months of cancelled rent checks.
When it comes to income verification for a USDA loan, ”Not too much, Not too little” is the mantra. You need to show enough income to qualify for the mortgage payment but not so much income that you fall outside of the maximum household income limits. Household Income Limits are set according to the county of Residence.
If your income is above the income limits listed here, feel free to contact us. There are a few deductions available that could possibly get your adjusted income within the USDA limits.
The USDA has declared all of Perry County as eligible for the USDA Mortgage program.
Acker
Alinda
Andersonburg
Bailey
Blain
Bixler
Bridgeport
Center Square
Centerville
Centre
Cisna Run
Couchtown
Cove
Crums Corners
Dellville
Donnally Mills
Dromgold
Duncannon
Elliottsburg
Erly
Eshcol
Falling Spring
Fort Robertson
Glenvale
Gramere
Half Falls
Ickesburg
Juniata Furnace
Keystone
Kinkora Heights
Kistler
Landisburg
Little Germany
Liverpool
Losh Run
Loysville
Mannsville
Markelsville
Marysville
McKee
Mecks Corner
Millerstown
Milltown
Montebello
Montgomery Ferry
Mount Patrick
Mount Pleasant
Nekoda
New Bloomfield
New Buffalo
New Germantown
Newport
Oakgrove
Old Ferry
Perdix
Pfoutz Valley
Pine Grove
Reward
Rose Glen
Roseburg
Saville
Seyoc
Shermans Dale
Stony Point
Sundy Place
Wahneta
Walnut Grove
Wardville
Wila
all other areas are eligible
