Looking to buy a home in Northumberland 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 Northumberland County are eligible for USDA Financing?
Only the city limits of Sunbury and Northumberland are ineligible for the USDA Rural Development Mortgage program. Shortly outside this area, the rest of Northumberland County quickly becomes USDA eligible.
USDA Eligible Areas in Northumberland County include...
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Anthony
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Atlas
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Augustaville
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Bear Gap
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Bear Valley
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Boydtown
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Camp Grove
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Chillisquaque
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Coal
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Coal Run
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Coal Township
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Comly
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Connersville
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Dalmatia
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Delaware Run
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Dewart
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Diamondtown
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Dooleyville
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Dornsife
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Doutyville
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Dunkelbergers
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East Chillisquaque
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East Lewisburg
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Elysburg
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Excelsior
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Fisherdale
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Fishers Ferry
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Goosetown
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Gowen City
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Greenbrier
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Happy Valley
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Hebe
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Herndon
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Hunter
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Island Park
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Klines Grove
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Knoebels Grove
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Kulpmont
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Leck Kill
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Limestoneville
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Lithia Springs
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Little Mahany
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Locust Gap
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Lower Augusta
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Luke Fidler
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Mandata
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Marion Heights
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Marshallton
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Maysville
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McEwensville
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Meadowview
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Merrian
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Mile Hill
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Mile Run
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Milton
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Montandon
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Mount Carmel
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Mt Carmel
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Natalie
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Oaklyn
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Oak Park
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Paxinos
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Potts Grove
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Ralpho
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Ranshaw
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Rebuck
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Red Cross
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Reeders Grove
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Reed Station
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Riverside
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Rockefeller
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Sagon
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Schuyler
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Sevenpoints
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Shamokin
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Snydertown
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Stonington
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Strong
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Sunnyside
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Tharptown
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Trevorton
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Turbotville
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Upper Augusta
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Upper Mahanoy
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Urban
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Watsontown
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Watsonville
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West Cameron
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West Chillisquaque
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Wolverton
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Yordy
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all rural areas
If you want to find out if a specific property is eligible for a USDA Mortgage in Northumberland County, simply click on the link for the USDA Mortgage Eligibility Map below, it will take you directly to the USDA home page....
What are the USDA Mortgage Income Limits for Northumberland 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 Northumberland 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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