On January 9, 2014, USDA Single Family Housing issued a memo, formally delaying the expected changes for USDA property eligibility. What does this mean to Ohio residents? Simply put, more people will remain eligible for Ohio USDA purchase mortgages for a little longer.
What is a USDA Purchase Mortgage? You can read the full description in my earlier article, What is a USDA Mortgage.
I had previously referenced the proposed Ohio USDA eligibility changes in this article, Ohio USDA Map Changes Delayed until September 2013.
If you are curious whether you may qualify for a Ohio USDA mortgage, you can check property eligibility at USDA’s website here: USDA Property Eligibility.
Ohio USDA Mortgage Income Limits can be viewed here: USDA Ohio Income Limits.
Bottomline, Ohio USDA Mortgages are a great way for Ohio homebuyers to buy a home with NO Down Payment and cheap mortgage insurance.
If you would like to see if you qualify for a Ohio USDA Mortgage to buy a home, or to refinance your current USDA mortgage, fill out the simple Ohio Rate Quote Request form or Contact Me to discuss your options.
