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 If you get No Money Down Home Loan Information somewhere else, it may be inaccurate or out-of-date.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...]

USDA Home Loan Underwriting Updates

USDA is quickly becoming one of the Country's most popular mortgage loan programs, and with that, the USDA Rural Development Offices are getting backlogged!  In the past 2 months, NC went to a "Centralized" Underwriting Process for these loans... and we are sometimes seeing 2 week turn times with USDA Underwriting, and sometime a little longer. … [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 No Money Down Mortgage

We've helped many customers buy homes with an old program offered through the USDA... not to buy farms... HOMES. The Rurual Economic Development Fund is what it use to be called, now it's just a part of the USDA RD Home Loan Program, and the goal is to provide mortgages, and incentives for folks to purchase homes in less "densly" populated … [Read more...]

Buying A Horse Farm In NC

Several of the agents we work with currently have listings for horse farms in North Carolina.  Financing these properties can offer unique challenges. Our daughter rides, and so we understand the unique challenges of finding the right "home" (barn). When you're financing a farm, the first thing we need to know is if this is going to be income … [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...]

NC Counties That Qualify for USDA Home Loans

My daddy always says that we "Get Rural Fast" in North Carolina... one minute you can be neighborhood after neighborhood, and 25 minutes later you are in the country! This works well for those who are looking for a home with no down payment requirements! Currently - every square mile of 73 North Carolina counties qualify for USDA Home Loan … [Read more...]

USDA Home Loan Change in PMI 12/11

USDA notified us that they are once again changing their "PMI" for their Home Loan Program.  USDA, like FHA and the Veteran's Administration don't actually "make" the guaranteed loans, they just insure the lender against default.  That "default" insurance is just like PMI, and unless you are putting at least a 20% down payment - you are going to … [Read more...]