Montgomery County USDA Loan
What areas of Montgomery County are eligible for the USDA Mortgage Program?
In Montgomery County, eligibility for the No Down Payment USDA Program depends on what Township the home is located in. As expected, the townships in Montgomery County that are restricted from this program can mainly be found in the southern portion of the county closest to Philadelphia. A jagged line follows the border of ineligible townships and eligible townships starting in the western edge of the county at the Schuykill River near Eagleville and running through Kulpsville through Hatfield to the Bucks County line. This line approximately follows Route 363.
In general Montgomery County is completely eligible north of this line except for the area immediately around Pottstown. The immediate Pottstown area is the only area in the northern/northwest part of the county that is ineligible. If you are located in an eligible township listed below, you are located in a USDA eligible area.
Some of the larger towns in Montgomery County, Pennsylvania that are eligible for the USDA loan include Souderton, Telford, Harleysville, Lederach, Skippack, and Collegeville.
USDA Eligible Areas in Montgomery County, Pennsylvania
USDA Eligible Towns
any obvious rural locations
USDA Eligible Townships
Lower Frederick Township
Lower Salford Township
New Hanover Township
Upper Frederick Township
Upper Hanover Township
Upper Pottsgrove Township
Upper Providence Township
Upper Salford 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.
Montgomery County Pennsylvania 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)