USDA Mortgage in Bedford County PA

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Mortgage and Lending with Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654 NMLS# 137243

100% USDA mortgage is a great way to finance the purchase of your next home in Bedford County, PA.  These are great loans for those who qualify and the USDA loan remains as one of the true no down payment programs out there.  If the home appraisal allows, the closing costs can also be wrapped into the mortgage resulting in no money needed at the closing table.  Interest rates for USDA mortgages are comparable to the low fixed rates of Conventional and FHA/VA financing.

All of Bedford County is located within the USDA eligibilty area.  The USDA zoning map can be found here...

http://eligibility.sc.egov.usda.gov/eligibility/eligibilityAction.do

 

 

Benefits of a USDA Rural Development loan include:                

  • True 100% no money down financing.                      
  • The ability to finance in your closing costs (if the appraised value supports the loan amt)
  • The seller may contribute up to 6% of the purchase price towards your closing costs
  • No Mortgage Insurance
  • Low interest rates.
  • More flexible qualifying guidelines with minimum 620 credit score

 

 

 

USDA mortgages do have income restrictions so click here to check on those...

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=GuaranteedIncomeLimits&NavKey=incomelimit@1

 

The combination of no down payment and seller paid closing costs often enable home buyers using a 100% USDA Mortgage to have no money due at the closing table.  With the low USDA mortgage rates and no money due, many buyers are able to own a home for less than the cost of renting.

If buying a home in Bedford County PA, make sure to check out a USDA Mortgage.

 

 

 

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