Harford County, Maryland - USDA Approved Zero Down Home Mortgage Loans

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

Harford County, Maryland - USDA Approved Zero Down Home Mortgage Loans

There are only two mortgage types in Harford County Maryland that qualify for No Money Down Mortgage Financing, No Required Monthly Mortgage Insurance Premiums, and the possibility of generous Seller Closing Cost Help that can literally move a home buyer into a house with next to no out-of-pocket cash.  The two loan types are the VA Loan, which is available to current and former military personnel.  The other loan type is the USDA Rural Development Loan, which is available to ALL homHarford County Maryland USDA Loan No Money Down Mortgagee buyers provided the:

  • Home being purchased in a designated USDA Rural Loan area:
    • Eligible areas include areas outside of Bel Air and to the West of Interstate 95
    • Eligible Cities include Churchville, Darlington, Forest Hill, Port Deposit, Pylesville, and Whiteford
    • Ineligible Cities include Aberdeen, Bel Air, Edgewood, Gunpower, Havre De Grace, and Perryman
    • No in-ground pools allowed
    • Value of land can't exceed 30% of the houses appraised value
  • The home buyer must meet certain minimum credit and income requirements:
    • All borrowers must have a minimum middle credit score of 620
    • Maximum household income for a family size of four and less is $92,600 and five and more is $122,250.  Make more than these thresholds?  See below for information on the USDA Loan Income Qualifying Calculator

Online tools available to assist home buyers with their USDA Loan zero down home search include:

If a zero down mortgage loan seems out-of-step with what the news media is promoting as a difficult lending environment, remember bad news sells.  If you haven't heard about this loan program publicized by a lender or Realtor it is probalby due to a lack of experience with the loan program or a Loan Officers investors not willing to fund the loan.  As a directly lender I have been originating USDA Loans for years and while the loan take a little longer to process than a standard FHA or conforming loan I understand that this administrative hassle factor is well worth the extra work when the only thing standing between a home buyer and a house is the challenge of a down payment. 

To learn about USDA Rural Development Mortgage Loan go to www.MarylandUSDA.com 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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