USDA Rural Development Switching Underwriters

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 [...]

USDA Home Loans have PMI?

USDA Home Loans also have a form of default insurance (PMI), and it’s a Guarantee Fee. The actual dollar amount is a rather complicated formula, and it ends up being about 2.05% – but most people use 2.% as a rule of thumb for prequalifying purposes.

Johnston County Qualifies for USDA Home Loans

In many NC Counties, you have to check the USDA website to make certain that the property you want to purchase is located within the USDA “footprint.”  But if you are buying in Johnston County – you’re safe!  The WHOLE COUNTY qualifies for USDA 100% Home Loans. Now all you have to check is your [...]

100% Mortgages in Wake County??

We’ve had TONS of calls this week from folks wanting to know if we still have money to lend for homes in the Triangle!  YES!  We even have 100% loans available. Unless you are a veteran – in which case you qualify for a VA loan – most folks looking for 100% financing are choosing [...]

USDA Western Wake County

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!  [...]