Bucks County USDA Loan
What areas of Bucks County, Pennsylvania are eligible for the USDA Mortgage Program?
USDA mortgages are intended for rural properties but the USDA eligibility map often covers areas that includes suburban areas. Bucks County is a prime example of this. With its close proximity to Philadelphia, many residents of Bucks County might assume that their location has no chance of being eligible for any sort of “rural” designation. What is often surprising to Bucks County home buyers is that there are a surprisingly large number of towns and areas of Bucks County that are eligible for the USDA program; many more areas than may be expected.
Residents of Chalfont, Edgeboro, Doylestown, Quakertown, Sellersville, and Perkasie may not consider themselves as living in a rural area, but they are eligible for USDA Financing according to the USDA Mortgage Eligibility Map. I’ve walked the streets of Doylestown many times and I definitely never felt like I was in a rural area.
Not surprisingly, the areas in Bucks County that are restricted from this program can mainly be found in the more populated Lower Bucks County that borders Philadelphia. Heading north on Route 611, Bucks County becomes USDA Eligible just north of Warrington. Heading north on Route 232, Bucks County becomes USDA Eligible once you cross Neshaminy Creek just north of Richboro. Heading north on I-95, Bucks County becomes USDA Eligible once you get north of Yardley. Basically, once you get a little north of Lower Bucks County, the rest of Bucks County is geographically eligible for the No Down Payment USDA Mortgage.
USDA Eligible Areas in Bucks County, Pennsylvania
Upper Black Eddy
any obvious rural locations
Note: This list is an indicator of USDA Eligible Areas for Bucks County but does not necessarily include every possible eligible area. If you do not see your town listed, feel free to contact us to double check. If you are in a rural area and do not see your town listed above, you are in a USDA Eligible Area.
Bucks County USDA Household Income Limits
If your Income exceeds the figures listed here, you may still qualify. The USDA allows for several deductions which may allow your Household Income to fit within their Maximum Adjusted Income Guidelines.
Deductions to reduce your USDA Household Income Calculation
$480 for each minor child living in the household
$480 for any student living in the household who is not on the mortgage application
$400 for each disabled household member who is not on the mortgage application
Documented Child Care Expenses for household members under the age of 13
Documented Medical/Disability Expenses for household members age 62 or older (this deduction is allowable if the expense exceeds 3% of the household income)