USDA Home Loan Requirements in North Carolina

In North Carolina, we are lucky that that are so many places to live where you can have a white picket fence, or an outbuilding... not everybody wants to live in a cookie cutter neighborhood!  The good news is that for most of those "less urban / more rural" parts of NC, you can buy a house with no money down, using the USDA RD Home Loan … [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 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...]

USDA Home Loans Could Be Getting More Expensive

4/20/10 - As we've mentioned (a couple of times) USDA Single Family Rural Development Home Loan Program is running out of money... WHEN that magic date is - we don't know... But we know it's coming in the next few weeks. The Hombuilder's Association of America is in Washington this week to discuss (read they are begging Congress) ways to get more … [Read more...]