Mercer County Pennsylvania USDA Loan
What areas of Mercer are eligible for the USDA Mortgage Program?
The only section of Mercer County that is not geographically eligible for the USDA Mortgage Program are the Boroughs of Sharon, Hermitage, Sharpsville, Wheatland and Farrell. The U.S. Census Bureau has included these five boroughs in the larger Youngstown-Warren-Boardman metropolitan statistical area. Outside of this patch, the rest of Mercer County is geographically eligible for the the USDA Mortgage Program.
The largest towns in Mercer County, Pennsylvania that are eligible for a USDA loan include Grove City, Greenville, Reynolds Heights, and the county seat of Mercer.
USDA Eligible Areas in Mercer County, Pennsylvania
any obvious rural locations
Deer Creek Township
East Lackawannock Township
French Creek Township
Mill Creek Township
New Vernon Township
Otter Creek Township
Sandy Creek Township
Sandy Lake Township
South Pymatuning Township
Sugar Grove Township
West Salem Township
Wolf Creek Township
Worth Township Township
Note: This list is an indicator of USDA Eligible Areas for the 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.
Mercer County USDA Household Income Limits
If your Income exceeds the listed figures, 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)