USDA Loan


The USDA’s income requirement is based on your specific county’s medium income. A borrower is not to exceed an income exceeding 115% of the medium income for the county. The purpose of this is to save the program for moderate income borrowers. To check if you qualify fill out the form below!

The USDA loan allows moderate income households the opportunity to own a primary residence in eligible “rural” areas. Rural is pretty loosely defined in Pennsylvania. For instance, roughly half of Chester County and Montgomery County are in eligible areas, while the majority of Lancaster, Berks, Bucks (and virtually every other county in the state) are in eligible areas .

You can apply for a USDA Loan if you meet the following criteria:

  • You meet the income-eligibility requirements
  • You agree to personally occupy the dwelling as your primary residence
  • You purchase a property that is in a designated zone

Benefits of a USDA Loan


  • Connector.Connector.

    No Down Payment

    One of the greatest benefits of a USDA loan is that it offers 100% financing. One of the biggest struggles of buying a new home is saving up the down payment. With a USDA loan this is no longer a problem!

  • Connector.Connector.

    Allows For Average Credit

    This loan allows for borrowers with some blemished credit or a short credit history to still receive a loan. Lenders may also accept alternate forms of tradelines such as phone bills, utilities, car insurance, etc.

  • Connector.Connector.

    Lower-Than-Market Interest Rate

    This loan type is insured by the U.S. Department of Agriculture, meaning that the USDA guarantees against any losses, making this type of loan a very low risk investment for the bank. This allows for lower-than-market interest rates when choosing a USDA loan.

  • Connector.Connector.

    Very Low Mortgage Insurance

    Many loans require mortgage insurance on the property. Mortgage insurance lowers the risk to the lender of making a loan to you. USDA loans offer a significantly lower rate for monthly mortgage insurance the other loans such as FHA

USDA   Loan   FAQ

What is an eligible area?
A USDA loan can only be used in an area designated as rural and qualifying by the USDA. To check if the property you are looking at is USDA eligible contact us today!

What are the income-eligibility requirements?
The USDA’s income requirement is based on your specific county’s medium income. A borrower’s income may not exceed 115% of the medium income for the county. The purpose of this is to save the program for moderate income borrowers. To check the income limit for your area, view the USDA’s most recent guaranteed loan income chart here, or just call us at 1-800-595-1925

What are the employment eligibility requirements for a USDA loan?
In most situations to qualify for a USDA loan, you are required to verify two years of steady employment.

Are only first-time buyers eligible for a USDA loan? 
No, there are no eligibility requirements that require you to be a first time home buyer to qualify for a USDA loan.

What refinance options does the USDA loan offer?
The USDA loan can be used to refinance an existing USDA mortgage into a lower rate; however, there is no cash-out option with USDA loans.

What types of terms do USDA loans have?
USDA loans offer a 30-year and 15-year fixed rate mortgage.

Can I used a USDA loan on investment property?
No, the USDA Rural Housing Program is for primary residences only. Vacation homes or Investment properties do not qualify.

How good does my credit have to be?
In most cases to get approved for a USDA loan a minimum median credit score of 640 is required.

Why does USDA Rural Development do this?
This program helps lenders work with moderate income families living in rural areas to make home ownership a reality. Providing affordable home ownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

Contact Us Today!