USDA Loan Program

USDA Loan Program:
The U.S. Department of Agriculture (USDA) goal is to assist low to moderate income borrowers to achieve their dream of home ownership for
primary residences.  The USDA extends 100% financing  on loans to families who meet the HUD median income property requirement and property eligibility requirements. USDA loans have assisted thousands of homeowners to purchase a home with affordable interest rates and loan terms.USDA Loans are an attractive option because:

  • 100% financing, no down payment required.  Seller assist can cover all closing costs if negotiated properly.
  • Flexible credit guidelines.
  • Income eligibility and property must be in required area.
  • Dependent on lender and USDA approval
  • Upfront mortgage insurance 1% monthly mortgage insurance .35

Income Eligibility (Household size 1-4, annual gross household income):

Chester County, PA HUD Metro FMR Area:  $93,750
Delaware County, PA HUD Metro FMR Area: $93,750
Montgomery County, PA HUD Metro FMR Area:  $93,750
Bucks County, PA HUD Metro FMR Area:   $93,750
Lancaster County, PA HUD Metro FMR Area:  $79,950
Berks County, PA HUD Metro FMR Area:  $78,200