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USDA Loans NY

Looking to buy a home in a rural area? Get your mortgage from your community credit union.

Unlock the door to your dream home in Northern or Central New York with USDA loans from Northern Credit Union. USDA loans in New York offer zero down payment options, making homeownership more accessible for families. At Northern Credit Union, we pride ourselves on providing family-friendly, community-focused services, ensuring you receive personalized guidance every step of the way. Let us help you achieve your goal of homeownership with USDA loans in New York, tailored to your family’s needs. Experience the warmth and support of a credit union committed to your home financing success.

  • USDA Mortgage NY
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    In an effort to make homeownership even more accessible in our community, we are very excited to announce our newest home mortgages product, USDA Home Loans. If you’re looking to buy a home outside the city or town of Watertown, a USDA mortgage can help you get into that home with no money down pending your income. This USDA loan is a great option for first or second time homebuyers with less than perfect credit looking to minimize their cash out of pocket.

    What is a USDA Loan?

    • A USDA loan is a mortgage option provided by the United States Department of Agriculture (USDA) to help low-to-moderate-income families buy homes in eligible rural and suburban areas in New York.
    • It requires no money down and offers competitive interest rates to those who meet specific income and property eligibility requirements.

    Benefits of a USDA Loan in New York

    • 0% Down Payment: USDA loans allow you to purchase a home with no money down, making homeownership in New York more accessible.
    • Fixed Interest Rates: Enjoy the stability of fixed interest rates for up to 30 years, helping you manage your budget with predictable monthly payments.
    • Affordable Financing: USDA loans in New York provide competitive interest rates, which can save you money over the life of your loan.
    • Flexible Credit Requirements: USDA loans are a great option for those with less-than-perfect credit, offering opportunities even if your credit score is lower.
    • Single-Family Home Purchases: USDA loans are designed specifically for single-family home purchases, ensuring a focus on residential homeownership in New York.

    Requirements of a USDA Loan in New York

    • Property Location: The property must be located in an eligible rural area approved by the USDA in New York.
    • Income Eligibility: Combined household income must be less than $103,500 to qualify for a USDA loan in New York.
    • Credit Score: A minimum credit score of 620 is required to be eligible for a USDA loan.
    • Type of Property: USDA loans are available for single-family home purchases only.
    • Primary Residence: The home must be used as the borrower’s primary residence.

    Visit the USDA website to learn more about requirements, eligibility and additional details for USDA loans in NY.

    How to Get Started with a USDA Loan in New York

    1.) Become a Member for USDA Loan Benefits: Join Northern Credit Union to access our USDA loan options designed for New Yorkers. Take the first step towards affordable homeownership. Join now and begin the journey to homeownership.

    2.) Apply for a USDA Loan Online: Make your homeownership dreams a reality with a USDA loan in New York. Apply online anytime—it’s quick, easy, and secure. Start your application today.

    3.) Consult with Our Mortgage Experts: Have specific questions or need advice about USDA loans in New York? Call us at 315-777-8910 to speak with a mortgage specialist who can guide you through your home-buying journey.

    4.) Text to Learn More: Interested in learning more about our USDA loan options? Text “HOME” to 315-782-0155 and get all the information you need directly on your phone.

    Credit union membership is required. †Excluding the city of Watertown and select areas in the Town of Watertown.

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