Posts in Eligible Towns
Punxsutawney USDA Mortgage

Punxsutawney Pennsylvania is completely eligible for the No Down Payment Pennsylvania USDA Mortgage 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.  

Benefits of a Punxsutawney USDA Mortgage

  • 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.

USDA Mortgage in Rostraver Township

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. 

Rostraver Township USDA Loan 

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.

 

Clinton PA is eligible for the USDA Loan Program

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. 

Eligible home buyers can purchase a home in Clinton with the no down USDA Rural Development Loan Program

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.

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Qualifying for a USDA Loan in Clinton Pennsylvania

  • 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 USDA Loan

Congratulations Chadds Ford

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.

 
Chadds Ford USDA Loan Map
 

Chadds Ford Mortgage: USDA loans are usually a better deal than an FHA Loan or a Conventional Loan

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.

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USDA Income Requirements in Chadds Ford

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.  

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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.

Selinsgove USDA Mortgage

USDA Rural Loan in Selinsgrove, Pennsylvania 

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.  

Selinsgrove Pennsylvania is eligible for the no down payment USDA Rural loan program 

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

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.  

More information about a USDA mortgage in Selinsgrove and other areas of Snyder County can be found by visiting the Snyder County USDA page.  

Kennett Square USDA Loan

Kennett Square Pennsylvania is eligible for the USDA Loan Program

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.

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Do I need to be a first time home buyer to qualify for a USDA loan? 

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.

Do I need any money at closing with a USDA loan?

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.

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Income Rules for USDA Loans in Kennett Square

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.

 
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 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.

100% USDA Loan in Finleyville, Pennsylvania

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...

USDA loans allow eligible homebuyers to purchase a home with no down payment required  

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.

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Finleyville USDA Loan Maximum Household Income

 
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How does a home in Finleyville  become eligible for the USDA rural loan 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.

USDA Common Appraisal Repair Items 

  • 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

 

 Mingo Creek on an early Spring day in 2019

No Down Payment Mortgage in Harleysville PA

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.  

How to Buy a Home In Harleysville, Pennsylvania with No Money Due at Closing 

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Other areas in the Souderton Area School District that are also eligible for the USDA Loan Program include...

  • Souderton

  • Telford

  • Franconia

  • Earlington

  • Lower Salford

  • Upper Salford

  • Woxall

  • Vernfield

     

More information about the income and credit requirements for a Harleysville USDA Loan can be found by visiting the Montgomery County USDA page.

How to Qualify for a USDA Loan in Monongahela, Pennsylvania

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. 

Monongahela USDA Loan

USDA loans allow homebuyers to purchase a house with no down payment and often no need for any money due at closing.

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Monongahela USDA Income Requirements

Homebuyers need to show enough to qualify but they can not have more household income than the amounts in this table.

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Key Criteria for Qualifying for a USDA Loan

  • 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.

Call 412-567-6560

email: USDA@keystonehomefinance.com

Zelienople USDA Mortgage
The founder, Dettmar Basse, named the town after his daughter who had the nickname “Zelie”

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.

 Zelienople USDA Rural 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.”

Zelienople USDA Income Limits 

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.

Butler County PA - USDA Income Table
 

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.


100% USDA Loan in Montoursville PA

There is some goods news for home buyers in Montoursville, Pennsylvania.  

Montoursville is now eligible for the USDA Mortgage Program

 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.  

Montoursville USDA Loan

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.

Montoursville PA is now eligible for USDA Loans… what happened?

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.

Benefits of the Montoursville USDA Loan Program

  • 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

What other areas of Lycoming County are eligible for a USDA Loan?

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.

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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.

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Everything you need to know about USDA Loans in Gilbertsville PA

USDA Loans allow homebuyers to purchase a home in Gilbertsville, Pennsylvania with no down payment and often with no money due at closing.

Ok, great… how do I qualify for a USDA loan?

There are three components to qualifying for a USDA loan…

1) The Home

2) Your Income

3) Your Credit

 

What kind of home can qualify for a USDA loan? 

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”.

 

What type of Income is needed to qualify  for a USDA Loan?   

The USDA has maximum income limits for each Pennsylvania County.  All of Montgomery County, including Gilbertsville, has the following income limits... 

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What type of Credit Score is needed to qualify  for a USDA Loan?

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

 
 
Newport USDA Loan
Newport PA - USDA Rural Loan

Thinking of Buying a Home in Newport, Pennsylvania?

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.

How can I buy a home with no money 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.

How to Buy a USDA home with No Money Due at Closing

What credit score do I need to qualify for a USDA Loan?

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.

What are the income requirements to qualify for a USDA Loan?


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.

Perry County USDA Income Limits

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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.


What other areas around Newport are eligible for the USDA Rural Loan Program?

The USDA has declared all of Perry County as eligible for the USDA Mortgage program.

USDA Eligible Towns in Perry County, Pennsylvania

  • 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