USDA Home Loan PMI Will Change 10/1/11

If you are looking for a USDA Home Loan in North Carolina - you might want to do it before the end of September!  More Rule Changes! Okay, so you don't HAVE to buy before October 1st.  It's not like the 100% no money down program is going away - it's just changing the way the PMI (which they call Guarantee Fee) is being charged.  Starting at the … [Read more...]

USDA Home Loans and Deferred Student Payments

People are moving to the Raleigh / Cary Metro area to go to one of the more than 20 Universities and Colleges we have in the area... and after graduation, they often stay in the Triangle because we have jobs.  As folks are ready to put down roots and buy a home in Raleigh, they need to know how those Student Loans might affect them when they apply … [Read more...]

Why Is It Taking 6 Weeks to Get A USDA Home Loan?

There's a ton of interest in 100%, no downpayment USDA Home loans in NC.  Unlike large Metro areas, like Washington DC, we have many large areas that qualify for USDA Mortgage loans near Raleigh! In fact, all of Johnston, Franklin, Chatam and Harnett Counties qualify for this program. Click here to see a map of all counties that qualify for USDA … [Read more...]

USDA Home Loans and Home Inspections Don’t Mesh

Many home buyers get a home inspection prior to purchasing. We think that's a great idea, but recently, we've run into some last minute problems that you should be aware of if you are using USDA Home Loan Financing! A monster problem that we are starting to run into is that if the investor, Chase for example, knows that there is a home … [Read more...]

USDA Home Loans Near Greenville NC Pitt County

USDA Home Loans are 100%, no money down loans available for "less urban / more rural areas."  North Carolina has more areas available for this financing than most states. Pitt County, and the area around ECU, and Greenville has a TON of the county that qualifies for this great program. The property must be located in the USDA "footprint" (so in … [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...]

USDA Rural Development Home Loans

Thinking about buying a home so you can get that Tax Credit? Don't have a ton of CASH laying around??  Well, the first thing you should do is call Steve Thorne to see where properties are in your area that qualify for USDA Rural Development Home Loans!  Steve is a USDA Rural Housing Mortgage Expert, and he can research your property and determine … [Read more...]

USDA Rural Development Home Loans – No Money?

As of 4/15/2010 USDA has less than 2.0 Billion dollars left to fund in home loans.  This is a HUGE issue for folks who waited until the last minute to purchase a home, thinking they could a) get a better deal and b) use USDA Home Loan financing (no money down).  At the current rate - we will be out of funds before May 1, 2010. There are TWO major … [Read more...]

Durham County USDA Financing Tips!

Part of Durham County, NC qualifies for USDA mortgages - and the qualifying guidelines have recently changed! To see maps specific to where you can find a home that qualifies for this 100% financing in Durham, click here The maximum income is calculated per family members living at home.  The current guidelines are: 1 person in household … [Read more...]

100% Mortgage Loans in Chapel Hill?

I was very surprised by just how much of Orange County, NC qualifies for USDA Mortage Loans!  Pleasantly Surprised! Granted, downtown Carrboro and Chapel Hill do not qualify - but MOST of the county does! To find out if your specific property qualifies, click here! The parts in the "shaded" areas do not qualify for USDA loans, however, all of the … [Read more...]