USDA Home Loan Adjusted Annual Income

USDA No Money Down Loans are one of the most requested programs of ANY loan program we do.  We recently had two different families buying a home in North Carolina who had been told that they didn't qualify for the program - who actually did.  The problem for them was that the Loan Officer they originally talked to was not aware of the Adjustments … [Read more...]

USDA Home Loan Income Calculations in NC

Basic Applicant Eligibility For USDA Home Loan Have the ability to personally occupy the dwelling Be a citizen of the United States or be admitted for permanent residency Non-occupant co-borrowers are not permitted Generally, borrowers must sell their existing home – although, if it is a Company Directed Relocation, and you can not logically … [Read more...]

Maximum Income Requirements USDA in Wake County NC

The Raleigh / Cary markets are considered an MSA (Major Suburban Area??) by the Government.  So, in Wake County that's how you will find the maximum income limits specified for Wake County. These numbers changed at the beginning of the year, and the new income limits (which are based upon the number of people in your household) are as follows: 1 … [Read more...]