Using a 100% USDA mortgage is a great way to finance the purchase of your next home in Adams County, Pennsylvania. These are great loans for those who qualify and the USDA loan remains as one of the true no down payment programs out there. If the home appraisal allows, the closing costs can also be wrapped into the mortgage resulting in no money needed at the closing table. Interest rates for USDA mortgages are comparable to the low fixed rates of Conventional and FHA/VA financing.
Adams County has few geographic restrictions outside Gettysburg for Single Family Homes under the USDA program. The USDA zoning map can be found here...
Benefits of a USDA Rural Development loan include:
- 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
- No Mortgage Insurance
- Low interest rates.
- More flexible qualifying guidelines with minimum 620 credit score
USDA mortgages do have income restrictions so click here to check on those...
Keith Landis is a Licensed Mortgage Loan Officer covering all of Pennsylvania. He can be reached directly at 412-567-6560 at firstname.lastname@example.org
NMLS # 137243
Keystone Home Finance LLC - NMLS# 834342