Baltimore County Maryland - USDA Rural Development Home Mortgage Loan - No Money Down

Mortgage and Lending with Millennial Home Loans, LLC NMLS #133925

Baltimore County Maryland - USDA Rural Development Home Mortgage Loan - No Money Down

Believe it or not, the majority of Baltimore County is deemed to be eligible for the USDA Rural Development Home Mortgage Loan program.  For perspective home buyers looking to purchase a house in the areas of the County north of route 695 and 140 and in the western portion of the county and want a Zero Down Payment, Zero Monthly Mortgage Insurance, and Zero Cash to Close (when the seller pays all closing costs and escrows) loan program then the USDA Rural Development Loan may be the perfect fit.  This loan program is available to both first time home buyers and move up buyers. 

Compared to FHA the Baltimore County USDA Rural Development Mortgage Loan has easier credit qualifiers since the the minimum credit score is 620 Vs. 640 for FHA.  In addition since the loan program requires no down payment and no mortgage insurance borrowers may be able to afford more house even though they are financing a larger mortgage.  To calculate the benefit of a USDA Rural Development Home Loan over a FHA loan, both in terms of the cash saving from the down payment and the monthly mortgage payment savings check out the USDA Vs. FHA online mortgage calculator

 Baltimore County USDA Rural Loan Program

 Anne Arundel County USDA Eligibility Grid

Areas in Baltimore County that qualify for the USDA Rural Loan Program with no money down, 100% mortgage financing includes the towns of Freeland, Glen Arm, Kingsville, Monkton, Parkton, Phoenix, Upper Falls, Upperco, Woodstock.  

Always keep in mind that USDA created the Rural Development Loan program to facilitate home ownership in rural communities for moderate income households.  USDA defines moderate income households as having incomes of less $92,600 (household size 1 to 4) and $122,250 (household size 5 or more).  Should the actual household income be greater than the allowable limits USDA does allow for certain "deductions" to reduce the household income for qualification purposes.  If considering a USDA loan and the household income is greater than the allowable limit reference the USDA Maryland Income Qualification Calculator to determine if you can still qualify for the USDA mortgage loan.

To learn about USDA Rural Development Mortgage Loan go to or call (410) 552-5912 so you can quickly get answers to your mortgage loan questions and determine your eligibility for this No Money Down Loan Program. 

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