Tag Delaware 100% Financing

Tag Delaware 100% Financing

Delaware USDA Rural Housing Loan Eligible Property Areas Changing October 1, 2014

John Thomas August 28, 2013 Tags: , , ,
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Delaware USDA Rural Housing Loans Eligible Property Areas are Changing October 1, 2014

The eligible property areas for Delaware USDA rural housing loans in Delaware were suppose to change on October 1, 2014 when Rural Development was switching from using the 2000 US census date to determine eligibility based on population density to using the 2010 US Census.  The current areas that are eligible which were no longer going to be eligible are Middletown, Delaware and Smyrna, Delaware.  THE CHANGE WAS DELAYED UNTIL 2021!!

The USDA Rural Housing Loan offers 100% financing for borrowers looking to purchase homes in eligible areas that fall under the household income limit.  The income limit is based on the number of people in the household and on which county the property is located in Delaware, Delaware USDA Loan 2013 Income Limits.  The New Eligible Property Areas Map effective October 1, 2013 by county are displayed below:

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Delaware USDA Rural Housing Loan Income Limits for 2013

John Thomas August 28, 2013 Tags: , , ,
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Delaware USDA Rural Housing Loan Income Limits for 2013 are based on the county and the number of people in the household.  If you have questions about USDA Rural housing Loans or would like to Apply for a USDA Rural Housing Loan, call 302-703-0727 or APPLY ONLINE.  The following table shows the income limits for each county in the State of Delaware:

New Castle County Delaware Income Limits for USDA Rural Housing Loans for 2013:

1-4 Person                                     5-8 Person
$0 – $93,450                           $0 – $123,354

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Delaware USDA Rural Housing Loan Income Limits 2010

John Thomas June 25, 2010 Tags: , ,

The income limits for obtaining a Delaware USDA Rural Housing loan have been increased for 2010.  There are two limitations for applying for a USDA Rural Housing Loan, income limitations and geographical limitations.  The income limitations are county specific.  Delaware has three counties: New Castle County, Kent County, and Sussex County.

The income limits are as follows:

New Castle County:                

 1-4 Family Members                  5-8 Family Members

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USDA Rural Housing – We can Still Lend after Funds Run Out!

John Thomas May 11, 2010 Tags: ,

Rural Development which oversees the USDA rural housing loan program will run out of its 2010 funds by sometime in May 2010.  Most lenders have stopped doing the program and have even given false information that the program is out of money.  There is still funds available and lenders can still lend on this program.  When the funds run out if RD will issue a conditional commitment then the lender has the option of lending the money and waiting on the guarantee when new funds are issued.  This can only happen if RD gives conditional commitment.  RD was not going to issue conditional commitments after the funds ran out for this year until now!

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