Middletown Delaware USDA Rural Housing Loans Update for June 4, 2018

Middletown Area in New Castle County Delaware is no longer eligible for USDA Financing. Rural Development bases the property eligibility for a USDA Loan on the population density in an area from the US Census data.  The area of Middletown, Delaware is over the population density limit and has been previously exempted to continue to allow Delaware USDA Rural Housing Loans to be used to purchase or refinance homes but as of June 4, 2018 that exemption is being removed.

How do I find out if a Property is in USDA Rural Housing Loan Eligibility Area?

The USDA Rural Housing definition of  “rural areas” says that any area can qualify as long as it is not part of a city or town with a population of 50,000 or more. The neighborhood also can’t be an urbanized area next to a city or town of that size.  Even though the program is title Rural Housing you do not have to purchasing a farm or anything agricultural.  You can purchase a home in a neighborhood as long as the property is in an eligible area.  USDA has a website to look up properties to see if they are eligible.