Pennsylvania USDA Mortgages Offer 100% Financing

by Keith Landis on February 21, 2011

Using a 100% USDA mortgage is a great way to finance the purchase of your next home.  These are great loans for those who qualify and the USDA loan remains as one of the true no down payment programs out there.

 

Benefits of a USDA Rural Dev 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
  • More flexible qualifying guidelines with minimum 620 credit score

 

 

 

Click here to see if the property you are interested is in a USDA zone.

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Click here to see if you meet the USDA income restricitons

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=GuaranteedIncomeLimits&NavKey=incomelimit@12

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