“USDA a Wonderful Mortgage Program”

   “USDA a Wonderful Mortgage Program”




This program is a NO Brainer, if the area allows USDA loans. It is so important however to speak to someone that understands the program as it has many quirks, such as income limits. These income limits include everyone under the roof, rather than only who is on the mortgage application.


The funding fee is lower than FHA or VA and the monthly mortgage insurance is less than half of FHA, so lots of positive reasons to consider this mortgage program.


Hi Joe-


Thanks again for chatting with me regarding USDA loans. The blog that you wrote on the topic was most informative, but I’m sure I will have many more questions. You mentioned that I could send you a couple numbers and get a ball park estimate of what my payment would be in Maine. If I was to purchase a home for $190K with taxes at $2500- wrapping in as much as possible to the loan. What would payment be and how much would I have to bring to the table? So hard to believe that this program requires no down payment.





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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 5 commentsJoe Petrowsky • January 18 2017 08:51PM


Yes, if a buyer can find a house in a USDA approved area, this can be a great mortgage option!

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) over 2 years ago

Good morning, Joe... I've done any number of USDA mortgages and they are great for many buyers who don't have a lot of money to put down. The problem is that fewer and fewer areas in my market qualify for them these days.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) over 2 years ago

Good morning Joe,

Thankfully the three mortgage people I use are well versed in the many types of mortgages; I know enough to have clients ask.

Make yourself an astonishing day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) over 2 years ago

We sold a property in a USDA area and the buyers used a USDA mortgage;  it went fine, although there was a brief delay for some long forgotten reason. Overall, though, it was painless for us as sellers and seems to be an excellent option for those in areas where they can be used.

Posted by Susan Haughton, Susan & Mindy Team...Honesty. Integrity. Results. (Long and Foster REALTORS (703) 470-4545) over 2 years ago

I have done these only a few times but they are wonderful loans. Also the Native American loans are fantastic.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) over 2 years ago