What Does It Mean When USDA Runs Out Of Money?

Every year Congress puts funds into the USDA Rural Development “Account” for them to lend out to home buyers.  It’s a great program that requires no money down (for program details click here)…
On March 11, 2010 Rural Housing folks announced that they will probably run out of money before the end of April.  What does [...]

Looking for a Home – When Do I Apply?

This is a question that was posted recently on Trulia Voices…
“Looking for a Home in the Triangle.  I think I’ll be ready to purchase in March of 2009.  When should I apply for a mortgage???”
People who are considering a move to the Triangle need to plan for their home purchase.  If you will be in [...]

North Carolina USDA Mortgage Loans

In NC, we have some big cities… but we get rural fast!  I can’t tell you how many people, dispite the cost of gas, who say, “I’m just lookin’ for some land!” or “I can’t stand those little ‘Barbie Doll’ houses sitting right next to each other!”
Well, if you’re looking to buy a rural home, we [...]