Benefits of USDA Home Loans in Johnston County and Wake County, NC
USDA Home Loans are not just for buying farms! In fact, we don’t really offer that kind of Rural Development loan! We DO offer USDA Home Loans… 100%, No Money Down mortgage loans that are insured by the USDA program! These loans have less insurance than FHA loans, so they are cheaper all the way [...]
USDA Rural Development Loans and Liquid Assets
September 8, 2009 by Eleanor
Filed under USDA Home Loans
There’s just one little catch – you can not have more than 20% of the home’s purchase price left over after closing in liquid assets. This means that if you purchased a $100,000 house, you can not have more than $20,000 left over after closing.
Maximum Income Requirements USDA in Wake County NC
January 25, 2009 by Eleanor
Filed under USDA Home Loans
The Raleigh / Cary markets are considered an MSA (Major Suburban Area??) by the Government. So, in Wake County that’s how you will find the maximum income limits specified for Wake County. These numbers changed at the beginning of the year, and the new income limits (which are based upon the number of people in [...]
FHA Downpayment Alternatives
November 8, 2008 by Eleanor
Filed under FHA Mortgage Loans, First Time Home Buyer
Unless the next Congress makes a major change, Downpayment Assistance Programs are a thing of the past. We have been looking for Alternatives, and found this program that started in May of 2006 by the Rainy Day Foundation. How does the Punctual Payment Program work? The program is designed to help strengthen “Loan Borrowing Potential,” [...]