In New Hampshire, there are SO MANY TOWNS that qualify for a USDA rural development loan, it’s far easier to list the towns that don’t qualify. In alphabetical order, the towns that don’t qualify are:
Concord
Derry
Dover
Hudson
Keene
Londonderry
Manchester
Merrimack
Nashua
Portsmouth
Rochester
Salem
…and parts of Goffstown and Hooksett due to population.
Let me give you some rules of thumb: Densely populated towns from the Massachusetts border to Hooksett via Route 93 or Route 3 Everett Turnpike. There are a few other large towns like Hudson, Concord, Portsmouth, Dover, Keene, and Rochester that are also ineligible. Hooksett and Goffstown are the two outliers where some part of each town is eligible and other parts of the town are ineligible for the USDA rural development program.
Here is a link to the USDA’s website where you can search to see if a property you are interested in is eligibile for an RD loan. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
There are other factors that affect if you are eligible for an RD loan besides location, such as your income. If you have questions about income limits, property eligibility, how much you qualify for, or if you’re wondering if this option is right for you, please email me.