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100% USDA Mortgages in Westmoreland County, Pennsylvania

By Keith Landis

Mortgage and Lending with Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654 NMLS# 137243

November 28, 2011 10:06 PM

Looking to purchase a home in Westmoreland County, Pennsylvania?

You might want to make a quick check to see if you and the property are eligible for a USDA Mortgage, also known as a 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. Even if you do not believe the property you are looking to purchase is considered rural, it might be worth a quick property eligibility check. It is often surprising how many properties are actually USDA Eligible even though they are considered to be in a town or suburban area.

In addition, if you believe your household income may be too high to qualify for USDA, it worth a quick look at the USDA income requirements. The USDA allows for many deductions that may help you meet the USDA maximum income restrictions.

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 portions of Westmoreland County are eligible for USDA Financing?

The areas in Westmoreland County that are restricted from this program can mainly be found in the portion of Murrysville that is south of Route 22 and then through the Route 130 corridor running from Trafford through Jeannette through Greensburg. Moving east, Westmoreland County becomes fully USDA Eligible soon after the southern part of Murrysville on Route 22 and east of Route 119 outside of Greensburg. The portion of Murrysville north of Route 22 is USDA eligible. Geographically, the majority of Westmoreland County itself is in a USDA eligible area.

USDA Eligible Areas in Westmoreland County include...

Arona
Avonmore
Blackburn
Bolivar
Bradenville
Braeburn
Calumet
Collinsburg
Crabtree
Delmont
Derry
Donegal
East Vandergrift
Edgecliff
Fellsburg
Greensburg (portions)
Herminie
Hostetter
Hunker
Hyde Park
Kinlock
Latrobe
Laurel Mountain Park
Lawson Heights
Level Green
Ligonier
Loyalhanna
Madison
Mammoth
McChesneytown
Millwood
Monessen
Mount Pleasant
Murrysville (north of Route 22)
New Alexandria
New Florence
New Stanton
North Belle Vernon
Norvelt
Oakville
Oklahoma
Old Stanton
Orchard Hill
Paintersville
Penn Glyn
Pinetree
Pricedale
Ramsay Terrace
Scottdale
Seward
Slickville
Smithton
Stanton Heights
Sutersville
Valley Camp
Vandergrift
Vandergrift Heights
Webster
West Export
West Leechburg
West Newton
West Vandergrift
Wyano
Youngstown
Youngwood
Yukon
any obvious rural locations

As always, if you want to find out if a specific property is eligible for a USDA Mortgage in Westmoreland County, simply type in the address on the USDA Eligibility Map below....

USDA Mortgage Eligibilty Map

What are the USDA Mortgage Income Limits for Westmoreland County?

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

Maximum Adjusted Income $74,900 $98,850

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

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