Connecticut USDA Mortgage Company

Posted on January 4, 2016 · Posted in connecticut usda mortgage

USDA Loans:  Not Just for Buying the Farm


The United States Department of Agriculture (USDA) offers loans with 100 % financing.  A USDA loan is not just for farms and rural areas- many suburban areas in Connecticut actually qualify for the USDA program.  A USDA loan requires no money down and are insured by the government.  You even can include eligible home repairs and improvements in your loan size.  However, this loan type has income limits- the most a couple is allowed to earn jointly is $99,200.  USDA mortgage rates are often lower than rates for comparable, low- or no-down payment loans.

With a USDA loan you can:

  • Borrow 100% of the purchase price or the appraised value.
  • Finance most, if not all, closing costs.
  • Have higher debt ratios than most other loan programs.
  • Have a credit score as low as 620
  • Have lower monthly insurance costs than FHA loans
  • Be eligible for historically low interest rates.


To qualify for a USDA loan, the property must be zoned accordingly – call us and we can tell you if property address meets the USDA requirements. At Northeast Financial, we pride ourselves at being experts in assisting our clients throughout the USDA process.  We cover the whole state of Connecticut and are more than willing to meet with you to see if you qualify.






Drew Raney/NMLS#117309
President of Northeast Financial
210 S. Main ST. Middletown, CT




Company NMLS#117273



Residential Clients Click Here For Our Online Application