Delaware USDA Rural Housing Loan Program current eligible property areas have been extended until the 2020 Census data can be used to determine property eligibility with the passage of the 2014 Farm Bill H.R. 2642, the Agricultural Act of 2014. President Obama signed the bill into law during the first week of February 2014.

Over 900 communities across the country were at risk of losing access to USDA Rural housing loans on October 1, 2014, when the 2010 Census data was going to be required to be used to calculate eligible areas replacing the 2000 Census data currently being used. For Delaware home buyers this means that Middletown, Delaware, and Smyrna, Delaware will continue to be eligible areas for USDA financing until post-2020.

USDA Loans provide up to 100% financing for eligible homebuyers to purchase a home. USDA has two restrictions on people that can take advantage of the rural housing loan program: 1) Income limits 2) Geographical limits. The income and geographical limits both depend on which state and county the property is located.

If you would like to check to see if a property address is eligible for a USDA Rural Housing Loan you can go to the following website:

http://eligibility.sc.egov.usda.gov/

If you have questions on Delaware USDA Rural Housing Loans or would like to apply for a USDA loan, please call 302-703-0727 or you can APPLY ONLINE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713