Recently USDA announced that proposed eligibility map changes would be delayed until September 2013. USDA has also updated their USDA eligibility website to show both the current eligible areas as well as the changes that are scheduled for September 2013.
Some of the major benefits of a Ohio USDA Mortgage are:
- 100% Financing
- Credit scores as low as 620
- Finance your closing costs into the loan
- Monthly mortgage insurance that is cheaper than FHA or Conventional/Conforming loans
Below is a snapshot of the changes
Current – Cincinnati USDA mortgage eligible areas
September 2013 – Cincinnati USDA mortgage eligible areas
The moral to the story is, if you are in the market for a Ohio USDA Purchase, you may not want to wait until September. Especially if you are in one of the many areas that will become ineligible through Ohio.
You can complete the simple and free Ohio USDA Mortgage Interest Rate Quote form to receive personalized rate options.
