Consumer Real Estate Finance Co. is excited to let you know about the Rural Development Loan program. Backed by the United States Department of Agriculture, this no money down, fixed interest rate loan program was designed to help build and strengthen Maryland’s smaller, more rural communities.

If you live in Maryland and are looking for an affordable home loan solution, the USDA loan program may be for you.  Benefits include:

  • 100% financing up to the appraised value
  • No private mortgage insurance for qualifying Maryland homes
  • Flexible Maryland credit qualifications
  • No Maryland loan amount limitations

Maryland Rural Development Loans – Not Just for Farmers

The best part about the USDA Loan program is that a wide range of property is eligible. While properties within major metropolitan cities do not qualify, properties located right next door to those same areas may qualify. To be eligible for a Maryland USDA Rural Development Loan, the property must:

  • Be located outside of the city limits
  • Have a population of less than 20,000 people
If you have questions about an area’s eligibility, the experts at Consumer Real Estate Finance Co. have made it easy, just visit our USDA Property Eligibility Wizard and plug in a state and zip code. Or for more personalized information, contact one of our certified USDA loan agents at 1-866-854-4242.

Maryland’s USDA Loan Income Limits by County

Eligibility restrictions for Maryland USDA Loans also  include the county and zip code the property resides in, as well as, your past credit history and number of dependents.

In addition, because they are designed for families with moderate to lower incomes, the income of homebuyers looking into a Maryland Rural Development Home Loan cannot exceed their county’s set limit.

STATE:MARYLAND PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Baltimore-Towson MD HUD Metro FMR Area VERY LOW INCOME 30000 34250 38550 42800 46250 49650 53100 56500
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Cumberland MD-WV MSA VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Philadelphia-Camden-Wilmington PA-NJ-DE-MD VERY LOW INCOME 28550 32600 36700 40750 44050 47300 50550 53800
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 93450 93450 93450 93450 123350 123350 123350 123350
Somerset County MD HUD Metro FMR Area VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Caroline County MD VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Dorchester CountyMD VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Garrett County MD VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Kent County MD VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
St. Mary's CountyMD VERY LOW INCOME 33300 38050 42800 47550 51400 55200 59000 62800
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Talbot County MD VERY LOW INCOME 28300 32350 36400 40400 43650 46900 50100 53350
LOW INCOME 45100 51500 57950 64400 69550 74700 79850 85000
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900
Worcester County MD VERY LOW INCOME 26700 30500 34300 38100 41150 44200 47250 50300
LOW INCOME 42650 48750 54850 60950 65850 70700 75600 80450
MOD.INC-GUAR.LOAN 96150 96150 96150 96150 126900 126900 126900 126900

Consumer Real Estate Finance Co. wants to help you realize your dream of home ownership.  For help applying for a Maryland USDA Loan, contact us today.