Looking to buy a home in Warren County, Pennsylvania?
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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.
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Benefits of the USDA Mortgage Program
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What areas of Warren County are eligible for USDA Financing?
The USDA has zoned ALL of Warren County as eligible for their USDA Rural Development Mortgage Program including Youngsville, Sheffield and the county seat of Warren.
USDA Eligible Areas in Warren County include...
- Akeley
- Allegheny Springs
- Althom
- Backup Corners
- Barnes
- Bear Lake
- Big Bend
- Buchers Mills
- Cable Hollow
- Chandlers Valley
- Cherry Grove
- Cherry Run
- Clarendon
- Clarendon Heights
- Cobham
- Columbus
- Colza
- Donaldson
- Dotyville
- East Branch
- East Warren
- Eldred Center
- Enterprise
- Excelsior Corner
- Fagundus
- Fiddlergreen
- Forest Chapel
- Garland
- Glade
- Gouldtown
- Grand Valley
- Hazeltine Corners
- Hearts Content
- Hemlock
- Henrys Mills
- Hermit Spring
- Hoover
- Horn Siding
- Irvine
- Jackson Crossing
- Jackson Run
- Kinzua Beach
- Kinzua Heights
- Lander
- Lottsville
- Magee
- Matthews Run
- Milltown
- North Warren
- Old Clarendon
- Old Sheffield
- Pine Valley
- Pineville
- Pittsfield
- Putnamville
- Rogertown
- Roystone
- Russell
- Sanford
- Saybrook
- Scandia
- Scotts Crossing
- Selkirk
- Sheffield
- Starbrick
- Shelander Hollow
- Shipmans Eddy
- South Warren
- Spring Creek
- Starr
- Stoneham
- Sugar Grove
- Tidioute
- Tiona
- Torpedo
- Triumph
- Venturetown
- Warren
- Weldbank
- West Spring Creek
- Wrightsville
- Youngsville
- all areas of Warren County
What are the USDA Mortgage Income Limits for Warren 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...
For buyers looking to purchase a home in Warren County Pennsylvania, the USDA Rural Development Mortgage is definitely worth a look. Feel free to contact me with any further questions about the program.
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