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100% USDA Mortgage in Fulton County, Pennsylvania

Looking to buy a home in Fulton County, Pennsylvania?

You might want to make a quick check to see if you and the property are eligible for a Pennsylvania USDA Mortgage, also known as a Pennsylvania USDA Rural Development Loan.

Here's Why... 

USDA home loans offer a few benefits that other mortgage programs cannot match, including no down payment and financed closing cost. If the home appraisal allows, the closing costs can also be wrapped into the mortgage resulting in no money needed at the closing table.

USDA is the only mortgage program that allows for all closing costs to be financed into the loan amount on a home purchase.  Interest rates for USDA mortgages are comparable and often lower than the low fixed rates of Conventional, FHA and VA financing.

The USDA Mortgage program does have restrictions when it comes to location and income, so a quick check on this key qualifying criteria should be done first.

USDA Mortgage Fulton County Pennsylvania 

        USDA Mortgage Fulton County Pennsylvania

     

            Benefits of the USDA Mortgage Program

  • True 100% no money down financing.
  • The ability to finance in your closing costs (if the appraised value supports the loan amt)
  • The seller may contribute up to 6% of the purchase price towards your closing costs
  • Low fixed interest rates.
  • More flexible credit qualifying guidelines with minimum 620 credit score
  • Often available for properties in towns and suburbs too

 

What areas of Fulton County are eligible for USDA Financing?

The USDA has zoned ALL of Fulton County as eligible for their USDA Rural Development Mortgage Program, including the county seat of McConnellsburg.

 

USDA eligible areas in Fulton County include...

  • AkersvilleMcconnellsburg Mortgage
  • Amaranth
  • Andover
  • Barnes Gap
  • Big Cove Tannery
  • Breezy Point
  • Buck Valley
  • Budds Place
  • Burnt Cabins
  • Cito
  • Clear Ridge
  • Covalt
  • Crystal Spring
  • Daves Gap
  • Dickeys Mountain
  • Dogtown
  • Dott
  • Dublin Mills
  • Emmaville
  • EnidWarfordsburg Pennsylvania Mortgage
  • Flickerville
  • Fort Littleton
  • Gracey
  • Green Hill
  • Harrisonville
  • Hiram
  • Hustontown
  • Johnsons Mill
  • Knobsville
  • Laidig
  • Lashley
  • Mann
  • Mellotts Mill
  • McConnellsburg
  • Needmore
  • New Grenada
  • Old Mountain House
  • Pleasant Ridge
  • Plum RunUSDA Mortgage Fulton County Pennsylvania
  • Point View
  • Saluvia
  • Sharpe
  • Shortys Place
  • Sipes Mill
  • Stonybreak
  • Valley-Hi
  • Warfordsburg
  • Waterfall
  • Websters Mill
  • Wells Tannery

 

   

What are the USDA Mortgage Income Limits for Fulton County? 

Household Size:                             1-4 Family Members        5 or more Family Members

Maximum Adjusted Income                 $74,050                             $97,750

If at first glance, it appears your household income exceeds the above limits, it is worth checking the USDA Income Calculator on the USDA website (link below).  The USDA allows for several deductions which may allow your Household Income to fit within their Maximum Adjusted Income Guidelines.   

USDA Income Eligibility Worksheet

 

Ok, the Property is in a USDA Eligible Area and your Household Income is within the USDA Income Limits, now what?

Like all mortgages, USDA Mortgages do require an applicant to qualify based on recent credit history.  USDA credit requirements are some of the most flexible of any mortgage program available.  More detailed information about USDA Mortgage Credit Requirements can be found with the link below...

USDA Credit Requirements

 Burnt Cabins Pennsylvania Mortgage

For buyers looking to purchase a home in Fulton County Pennsylvania, the USDA Rural Development Mortgage is definitely worth a look. Feel free to contact me with any further questions about the program.

 

 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Keith Landis is a Licensed Mortgage Loan Officer covering all of Pennsylvania.  He can be reached directly at 412-567-6560 at klandis@keystonehomefinance.com 

NMLS # 137243

 

Keystone Home Finance LLC - NMLS# 834342

 

www.keystonehomefinance.com

 

Comment balloon 0 commentsKeith Landis • December 19 2011 07:11AM
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