Bow NH USDA Home Financing Options

Many are surprised to hear that the USDA (US Department of Agriculture) insures home loans. The mortgages may be used for homes in specific rural regions and have generous terms and features. This blog offers Bow NH USDA home financing options.

Bow NH USDA Home Financing Options

USDA Loan Benefits

  • Local mortgage companies are able to offer this type of loan.
  • 102% financing is available.
  • It may be used to finance a new purchase or refinance an existing mortgage.
  • Contrary to common perception, USDA is not restricted to farm land.
  • It may be used for single family and multi-unit homes.
  • It may be possible to include the cost of various improvements.

Zip Codes Approved

Areas are approved depending on zip code. Buyers are usually pleased to see some towns on this list as some are not as rural as assumed. To check eligibility for Bow NH and other locations, visit the USDA Home Loan website at and select either single family or multi-family in the Property Eligibility menu on the left. You will be asked to enter a state and zip code to display a map of approved areas.

Qualification Criteria

USDA criteria are almost the same as FHA loan criteria. Buyers need decent credit, verifiable earnings, and the ability to make payments on the financed amount. Income guidelines (found at vary by county and number of people in your household. USDA loans can take more time to approve than other loans. Ask a USDA mortgage professional about applicable time frames and keep that in mind when suggesting a closing date in your offer.

Getting Assistance

Find a reputable local mortgage company that is approved to provide USDA mortgages. Your real estate agent Laura Lambrou will be able to refer a local reputable mortgage company. Obtain a pre-approval in advance and ask about the requirements and options before making an offer on homes. Contact Realtor Laura LambrouĀ  at 603-657-0804 or for specific Bow NH USDA home financing options.

***Please note, terms above are subject to change****