Looking to buy a home in Cambria County, Pennsylvania?
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. |
Benefits of the USDA Mortgage Program
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What areas of Cambria County are eligible for USDA Financing?
As expected, the only area of Cambria County that does not qualify for USDA financing is Johnstown and portions of the Johnstown metropolitan area. Shortly outside of Johnstown, the entire county becomes USDA eligible.
USDA Eligible Areas in Cambria County include...
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Ashville
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Barnesboro
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Beaverdale
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Blandburg
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Carrolltown
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Cassandra
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Chest Springs
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Colver
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Conemaugh
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Cresson
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Daisytown
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Dunlo
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East Conemaugh
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Ebensburg
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Ehrenfeld
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Franklin
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Gallitzin
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Hastings
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Lilly
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Loretto
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Moxham
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Mundys Corner
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Nanty Glo
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North Barnesboro
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Northern Cambria
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Oakland
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Patton
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Portage
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Revloc
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Riverside
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Roxbury
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Saint Michael
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Salix
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Sankertown
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Scalp Level
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Sidman
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South Fork
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Spangler
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Spring Hill
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Summerhill
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Tunnelhill
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Vinco
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Vintondale
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Wilmore
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Woodvale
As always, if you want to find out if a specific property is eligible for a USDA Mortgage in Cambria County, simply type in the address on the USDA Eligibility Map below....
What are the USDA Mortgage Income Limits for Cambria 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 Cambria 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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