Clean Credit Requirements and USDA Home Loans in NC

“Clean Credit” is a slang term used OFTEN in mortgage lending. It refers most often to someone who has 12 months with no late payments.  But it’s not just late payments, it also refers to 12 months with no new collections filed against you.  12 months with no judgements of liens filed on your credit report. 12 months with no one writing … [Read more...]

Using USDA To Purchase A Home After Foreclosure

If you are one of the millions of families that lost their home in the last couple of years to Foreclosure… you might think… Been There – Done That You might not want to own a home again! But if you’re one of those folks who truly does want to purchase again, here’s some potentially good news. USDA says that they will allow you to purchase a … [Read more...]

USDA Home Loan Credit Qualifications in NC

Good News!  You do NOT need perfect credit to qualify for a USDA Home Loan!  Whew!  This 100% no money down program requires a MINIMUM credit score of 600 - but folks, just because you have a 600 score, doesn't mean you can purchase. These days - we normally need a score above 640 to get the loan approved by Underwriters... unless you qualify for … [Read more...]

Credit Score Requirements for USDA Loans

USDA loans are perfect for people who want a home in a more rural area.  In Wake County most of Fuquay Varina, Garner, Holly Springs and Apex all fall within the acceptable areas. To find out if the property you are interested in will be in a USDA area you can watch this video. In general, these are the items that the underwriters for USDA loans … [Read more...]