USDA Home Loan Environmental Requirements

We've recently run into a series of people purchasing homes in NC with Underground Oil Tanks.  If you are applying for a USDA Home Loan (or any other Government Mortgage Program, frankly) this can be a problem. The USDA Home Loan Handbook has this to say about Environment Requirements and Petroleum Tanks: The Agency must consider the management … [Read more...]

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...]

Comparing No Money Down Home Loans in NC

There are MANY  No Money Down Home Loan Options available to buyers in North Carolina.  This No Money Down Home Loan information is accurate as of today. If you get No Money Down Home Loan Information somewhere else, it may be inaccurate or out-of-date. What ARE the No Money Down Home Loan Programs? The No Money Down Home Loans are special mortgage … [Read more...]

USDA Home Loan Changes In NC Coming

This state has grown Soooo much, that when the 2010 Census maps were drawn up, and analyzed, it showed that 21 Communities in NC was scheduled to lose the opportunity to get mortgage loans approved using the USDA Home Loan Program starting October 1, 2012.  Congress passed the Senate USDA Appropriations bill, S.2375 which included a grandfathering … [Read more...]

USDA Guarantee Fee Update 8/23/2010

The Single Family Housing Origination Department of the USDA Home Loan Program announced yesterday that they should have their computer systems up and running to accommodate the changes required by Congress in their fees. Since the end of May, USDA has been issuing "Conditional" approvals... and because of that, Wells Fargo, Bank of America (and … [Read more...]