I We found this VERY cool map that shows exactly where you can purchase a home in Western Wake County using the 100% USDA program!  As you can see, if you are on the “left side” of Ten Ten, in Holly Springs, or Fuquay – or parts of Apex, you qualify for this 100% program! 

The “mortgage insurance” for USDA is considered a “funding fee” and is 2%.  So if you purchased this home that’s currently for sale at $136900 – you would have your P&I calculated on $139,638.  TODAY (and depending on when you’re reading all of this the house and the rates might be different) the P&I (principal and interest payment) for a 100%, no money down loan on this house, with no origination fee would be…

$860.00

Can you beleive that??  All the bad news on the airwaves, and you can buy this GREAT home at that price per month!  WOW!

If you need more information about qualifying for a USDA home loan, or buying a home in Western Wake County, please call Steve and Eleanor Thorne, Meridian Residential, 919-649-5058