USDA Home Loan Maps Wake Forest and Rolesville NC

It can be difficult to tell exactly WHERE you can purchase a home that qualifies for USDA Home Loan Financing.  These are 100%, no money down loans, with very low Monthly USDA PMI (which makes them cheaper on a monthly basis than FHA, and you CAN make a downpayment if you want to), and in most of the cases we see… the SELLER is paying the Closing … [Read more...]

Johnston County Qualifies for USDA Home Loans

In many NC Counties, you have to check theUSDA website to make certain that the property you want to purchase is located within the USDA “footprint.”  But if you are buying in Johnston County (prior to October 1, 2013)- you’re safe!  The WHOLE COUNTY qualifies for USDA Zero No Money Down Home Loans. That’s right, Johnston County Qualifies for USDA … [Read more...]

USDA Map Changes in Wilmington, Ogden and Leland NC

The USDA Map Changes in Wilmington, Ogden and Leland NC are pretty significant.  We knew that many neighborhoods would lose the ability to offer the USDA Home Loan program when the maps change in October of 2013 – but we just didn’t know how big the change was going to be, until we were able to actually see the USDA Eligibility Map changes earlier … [Read more...]

Zero Down USDA Loans In Wake Forest, NC

Are you looking for a home in the Wake Forest Area?  Great NEWS!  This map shows the property that is eligible for Zero Down USDA Loans!  The area that is NOT “peach” qualifies! See that line where the railroad tracks go from “peach” to white.  That’s Roger’s Road.  This is a GREAT part of Wake County – property values are APPRECIATING … [Read more...]

View USDA Map Changes For NC Due 10-1-13

The USDA Home Loan Program is one of the best programs at the moment for home buyers in NC. It has extremely low costs (especially when you compare it to the FHA PMI rates), and the USDA Home Loan has very low closing costs. The program requires that you purchase a home located within the USDA Home Loan “footprint.” In NC that “footprint” is … [Read more...]

USDA Loan Maps for New Bern NC

USDA Home Loans in New Bern, NC 28561 do not have a maximum loan amount – however, the property must be located within the USDA “Eligibility” area.  Here are maps of the Craven 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 … [Read more...]

NC USDA Home Loan Director Says Maps May Change Oct 2012

We reported earlier that there are some SIGNIFICANT changes in the "definition" of Rural in North Carolina by the USDA Rural Housing Department.  With the passing of the Senate USDA Appropriations bill, S.2375 - it appeared that the decision to change the maps was "Grandfathered" until June 1, 2013.  According to our conversation this morning with … [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 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...]

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...]