The USDA Home Loan Program for Bucks County PA Homes can offer a unique opportunity for many buyers of Upper Bucks Homes for Sale. This USDA home loan program can used by both first-time and repeat home buyers. Officially known as the USDA Rural Development Guaranteed Housing Loan program, they are also know as “Rural Housing Loans” , “USDA loans” and “Section 502 loans”.
These loans are insured by the U.S. Department of Agriculture. The program features preferable mortgage rates and up to 100% financing of the home price. Because the USDA’s definition of “rural” is has a lot of flexibility, many of the Upper Bucks County homes for sale meet the USDA “rural.” USDA home loans are similar to other common loan types. The repayment schedule is “normal”, closing costs are standard, and there are never prepayment penalties to pay. Where USDA loans are different, though, is with respect to its downpayment requirements and its simpler loan approval standards.
Upper Bucks County Areas Where Homes May Qualify for the USDA Home Loan Program
All of Upper Bucks and their surrounding communities are eligible, including:
Please note that this article is created to help you learn about the possibilities available with USDA Housing Loans. Always refer to a mortgage professional and the USDA Single Family Housing Loans and Grants Website for the latest information about this exciting program.
The USDA loan guidelines are easy to understand and can offer you the ability to purchase a home for sale in Upper Bucks County, PA. Both you and the home you would like to purchase in Upper Bucks County need to qualify.
Resources to Learn More About the USDA Home Loan Program
Learn more about the USDA Home Loan Program at the USDA Single Family Housing Loans and Grants Website.
Please Contact Us if you would like to learn more about homes in Upper Bucks County for sale that qualify for the USDA Home Loan Program.