Buy a Home in Cambria County with No Down Payment

by Keith Landis on November 2, 2010

Using a 100% USDA mortgage is a great way to finance the purchase of your next home in Cambria County.  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 al

so 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.

With the exception of the Johnstown city limits, Cambria County has no geographic restrictions for Single Family Homes under the USDA program.  Many homes that are considered part of these areas still qualify.  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…

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