Thousands of residents of Pennsylvania must be having a dream of owning their own home; of having a place which they can call their own. But unfortunately, due to turbulent economic situation and rising housing costs, it becomes very difficult for families and households to take the bold step and go for their own housing.
But there is finally some good news for all residents of Pennsylvania.
The USDA has developed an excellent rural housing development program which can benefit the residents of Pennsylvania. If you are a resident of counties such as Armstrong, Bradford, Bedford, Forest, Greene, Indiana, McKean, Mifflin, Pike among others within Pennsylvania, then USDA mortgages program will definitely help you to secure your own home.
Designed and conceptualized by the US government, this special program benefits those families and households which cannot afford their own home.
Below are few amazing Advantages of USDA Mortgages in Pennsylvania:
- No collateral or security required for loan approval
- Fixed rate interest (best part!)
- Loan repayment can be extended up to 30 years
- 100% Finance available
- Absolutely zero down-payment required
- Flexible credit checks for loan approval
- Approved and recognized by US Government
USDA Mortgages in Pennsylvania – Income Limits
There are several affluent households in Pennsylvania which are capable enough to purchase their home with their own finances. USDA wants to filter out such families and households as this special mortgage program has been initiated only for those families which cannot afford their own home due to financial constraints. Additionally, USDA also want to disallow those who do not have will or are not capable to repay the loan amount. Please visit the official website of USDA to have the complete list of income limits based on the counties and number of members in the household, by clicking here: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=GuaranteedIncomeLimits&NavKey=incomelimit@12
USDA Mortgages in Pennsylvania – Non Eligible Counties
USDA has declared some counties as non-eligible for this special mortgage program. Some of these non-eligible counties in Pennsylvania are:
If you happen to live in any one of these counties, then don’t get discouraged! If you find the official list of all eligible and non-eligible counties in Pennsylvania as directed by USDA, then you can find that there are some areas and pockets which are in fact eligible for USDA mortgages. Please have a look at the complete list by clicking over here: http://eligibility.sc.egov.usda.gov/eligibility/textDiscriptionAction.do;jsessionid=6E5B2D5044BCFA12A29B217999BE5D72?pageAction=oipCounty&stateCode=42
You can start the process of applying for USDA mortgages right away by filling the short form in the right hand side of this webpage and/or by calling us at 877-342-7449 .