USDA Home Loans Near Greenville NC Pitt County

September 21, 2010 by Leave a Comment

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 the lighter shaded area), and the borrower’s household income can not exceed $74,050.  This income limit for a household of 1-4 people varies from county to county.  To see what the requirements are for your area, click here.

Here is a map of the areas that qualify for USDA Home Loan financing in Pitt County NC

Looking at the little “triangle” that I pointed the arrow to looks like this:

If you are looking for a no money down payment loan in Pitt County, NC – or anywhere else in NC for that matter, Call Steve and Eleanor Thorne, Mortgage Banker in Cary 919-649-5058 We are USDA Home Loan experts! We have great rates, we can help you with your credit challenges, and we know what WILL work for USDA… and what won’t.  So don’t waste your time!  Call Steve at 919-649-5058

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USDA Home Loans Orange County NC

August 22, 2010 by 1 Comment

The Mapping system for Orange County GIS and the Mapping System for USDA Home Loans don’t “mash up.” I’m not sure why that is, but some of the roads (as I read them) on the USDA Home Loan Mapping System are indicated as “Not Found” on the Orange County GIS system.  For that reason, I decided to work with the USDA Home Loan Map to show you which areas of Orange County qualify for the program.

In general (and you could probably figure this out) Carrboro and Chapel Hill do not qualify for this 100%, no money down mortgage loan.  MOST of the rest of the county DOES qualify.

Here’s a close up of  the Northern portion of the Orange County NC USDA Home Loan Eligibility map near 70 West

Here’s a closer look at the area directly above Highway 54 in the first map (looks kinda like an > on the map).

The sections marked in “darker orangy” do not qualify for USDA Home Loans. The lighter areas on these maps DO qualify.  If you want to look up a specific home address, please click here.

If you want to know more about qualifying for USDA Home Loans in NC please read the guidelines here.  There are income requirements that vary per county, and the credit requirements are pretty liberal – you need to have (in general) 12 months of clean credit and a credit score above 620.  If you want information on other counties that qualify for USDA Mortgage loans in North Carolina, you will find a map here.

If you are considering a mortgage loan and want to know more about the USDA Home Loan program, please call Steve and Eleanor Thorne, 919-649-5058

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USDA Rural Development Switching Underwriters

July 12, 2010 by 2 Comments

USDA Rural Development Single Family Housing announced some consolidation and changes regarding WHERE files are going to be processed.

No matter who originates a USDA home loan, it is re-underwritten (or processed) through a local USDA office. In the past, loans for Wake County went to Wake, Johnston County went to Sanford and Franklin County went to Franklin County.

So, there will be an underwriter, or processor out there who in the next couple of weeks, won’t realize there’s been a change… will be going too fast without updating their rolodex, and they will ship a file off to the wrong place.  I can guarantee it.

If you are considering a USDA home loan for your purchase in NC, look at the following list of where files are being processed for your county.  Ask your loan officer… then call Steve Thone,Mortgage Banker in Cary , 919-649-5058.  We love USDA home loans!

In today’s announcement, USDA will be underwriting for Guaranteed Processing as follows:

Asheville Office -
Buncombe,Henderson,Madison,McDowell, Mitchell, Transylvania, Yancey County
Murphy Office
Cherokee, Clay, Graham, Haywood, Jackson, Macon, Swain
Shelby Sub Office
Cleveland, Gaston, Lincoln, Polk, Rutherford
Winston-Salem Office
Catawba, Forsyth, Iredell, Stokes,Surry, Yadkin
Jefferson Area Office
Alexander, Alleghany, Ashe, Avery,Burke, Caldwell, Watauga, Wilkes
Henderson Area Office
Alamance, Caswell, Durham, Granville, Orange, Person, Vance
Lumberton Area Office
Bladen, Brunswick, Columbus, Cumberland, Hoke, New Hanover, Pender, Robeson, Scotland
Greenville Area Office
Beaufort, Bertie, Camden, Chowan, Currituck, Dare, Gates, Hertford, Hyde, Martin, Northampton, Pasquotank, Perquimans, Pitt, Tyrrell, Washington
Asheboro Area Office
Cabarrus, Davidson, Davie, Guilford, Mecklenburg, Montgomery, Randolph, Rockingham, Rowan, Stanley, Union
Sanford Office
Chatham, Edgecombe, Harnett, Johnston, Lee, Nash, Wake, Wilson
Kinston Area Office
Carteret, Craven, Duplin, Greene, Jones, Lenoir, Onslow, Pamlico, Sampson, Wayne
Halifax Office
Franklin, Halifax, Warren
Rockingham Office
Anson, Moore, Richmond

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