Looking to buy a home in Blair 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. |
Benefits of the USDA Mortgage Program
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What areas of Blair County are eligible for USDA Financing?
Geographically, the majority of Blair County is located in a USDA Eligible area. As expected, the area of Blair County that is not eligible for USDA financing can be found in the populated section along Pleasant Valley Boulevard and Interstate 99 that includes most of Altoona and sections of Hollidaysburg and Duncansville. Some areas on the outskirts of these three areas are still eligible. For instance, the area becomes USDA eligible again over near the Penn State Altoona campus and heading away from Altoona near Greenwood. The area also becomes USDA eligible again shortly south of Route 22 and west of Route 764.
USDA Eligible Areas in Blair County include...
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Altoona (outskirts only)
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Bellwood
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Claysburg
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Duncansville (partial)
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East Freedom
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Foot of Ten
- Grazierville
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Greenwood
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Hollidaysburg (partial)
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Martinsburg
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Newry
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Northwood
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Pinecroft
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Roaring Spring
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Tipton
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Tyrone
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Williamsburg
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Wopsononock
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any obvious rural areas
As always, if you want to find out if a specific property is eligible for a USDA Mortgage in Blair County, simply type in the address on the USDA Eligibility Map below....
What are the USDA Mortgage Income Limits for Blair County?
Household Size: 1-4 Family Members 5 or more Family Members
Maximum Adjusted Income $75,350 $99,450
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 Blair 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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