USDA & First Time Home Buyer Program Kinston NC

kinston_ncUSDA Home Loans in Kinston, NC 28504 do not have a maximum loan amount – however, the property must be located within the USDA “Eligibility” area.  Here are maps of the Lenoir County area, remember that the “faint pink” parts on the map do NOT qualify for USDA Loans.  All of the OTHER areas, however, DO qualify for the USDA RD Loan program.

USDA Loan Highlights:

  • No Money Down Loans, Seller can pay closing costs
  • In Ground Swimming pools are difficult to finance
  • Credit Scores without NC Housing Aid must meet a minimum of 640, with NCHFA they can be as low as 600 (See Bottom of this Page for more details on this First Time Home Buyer program available in Kinston)
  • Very low USDA PMI rates


Kinston NC USDA Map

kinston nc usda maps

Kinston NC USDA map

USDA Homes for sale Kinston NC

USDA Home Loans Kinston NC

VIEW ALL USDA Underwriting Guidelines for NC

The USDA Home Loans Maximum Income Limits for Lenoir County

  • 1 to 4 people in the Household $74,750
  • 5 or More in the Household $98,650

If you are applying for the NC First Time Home Buyer Program, there are different qualifying Income Limits and Sales Price Limits for Lenoir County.  This program is for folks who are residents of NC and have not owned a primary residence in the past 3 years (so NOT just for First Time Homebuyers).

  • NC Housing Income Limits for Lenoir County and the Kinston area
    • 1 to 2 people in Household $57,500
    • 3+ people in Household $66,000
  • Maximum Sales Price for First Time Home Buyer Program in Kinston (new or existing homes) $225,000
  • Minimum Credit Score Requirements 600
  • Mortgage Credit Certificate is available for Kinston, NC

Connect with us on Google Plus or Facebook! If you have questions about qualifying for a USDA Home Loan in NC, call Steve and Eleanor 919 649 5058 Remember, the USDA Home Loan Maps could be changing October 1, 2013… in fact, almost 1/3 of North Carolina could LOSE the ability to do USDA Home Loans! Yikes!

Orignally Posted at NC FHA Expert

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