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

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

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

If you have been thinking about buying a house in Calvert County Maryland there is no better time to do so.  Low home prices and new funding availability from the USDA Rural Development Loan Program means you can buy a house at a great price with No Money Down, Unlimited Seller Paid Closing Cost Help, and No Monthly Mortgage Insurance Premiums. 

Normally not having much cash to close on a house is a problem but not in Calvert County.  Whether you are considering buying a property in Barslow, Dunkirk, Huntingtown, Long Beach, Lusby, North Beach, Prince Frederick, St. Leonard or anywhere for that matter in Calvert County home buyers can obtain a traditional 30 year fixed rate mortgage with flexible underwriting requirements requiring only a minimum credit score of 620. 

There are a few restrictions Calvert County Maryland USDA Rural Development Home Mortgage Loan - No Money Downrequired when financing a purchase transaction with the Calvert County USDA Rural Development Loan program.  The property being purchased can't include an in-ground swimming pool and the value of the land can't exceed 30% of the appraised value.  Also USDA guidelines require that the homebuyers household income can't exceed $92,600 for a family size up to four and $122,250  for a family size of five or more from qualifying for the USDA Rural Development Loan.  Family incomes exceeding these limitations established by USDA Rural Development can use certain "deductions" as an offset to the gross income for qualification purposes.  To calculate the family gross income based on USDA Guidelines refer to the Calvert County USDA Income Qualifying Calculator.

If you have been thinking about purchasing a house in Calvert County using a FHA loan consider that the USDA Rural Development Loan offers the following benefits when compared to FHA:

  • Zero down Vs. 3.5% down payment
  • No Monthly Mortgage Insurance Premium Vs. A Monthly Mortgage Insurance Premium
  • Lower monthly payment

To determine how much lower your down payment and monthly payment will be compared to FHA reference the webs only USDA Vs. FHA online mortgage calculator

You may decide you can actually purchase much more house than you previously thought.

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 the USDA No Money Down Loan Program.


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David Zuckerman

Mortgage Broker - Low-to-no downpayment mortgages
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