The United States Department of Agriculture actually lends money for residential home purchases.
This home loan program is often called Rural Housing, as it is designed to help people purchase
modest homes in rural areas. In Lancaster and surrounding Counties, many areas are eligible
for Rural Housing.
There is one HUGE benefit and many other reasons that makes USDA one of the best loan
programs available today. No Down Payment or in other words… 100% financing.
*There are maximum income eligibility requirements for a USDA loan.
$77,500 Income limit for 1-4 family households
$102,300 Income limit for 5-8 family households
(some allowances may be made to income limits for homes with disabled family member, fulltime
students, members over the age of 62 and documentable child care expenses.)
