Durham County USDA Financing Tips!

Part of Durham County, NC qualifies for USDA mortgages – and the qualifying guidelines have recently changed!

To see maps specific to where you can find a home that qualifies for this 100% financing in Durham, click here

The maximum income is calculated per family members living at home.  The current guidelines are:

• 1 person in household maximum income is $57,400

• 2 people in household maximum income is $65,600

• 3 people in the household maximum income is $73,800

• 4 people in the household maximum income is $82,000

• 5 people in the household maximum income is $88,550

In addition to this – the property need to be located in a qualified (less densly populated area).  If you want to see if your property is qualified for a USDA 100% home loan – click here! If you have quesitons about purchasing a home using a USDA Mortgage – please call Steve and Eleanor Thorne at Corporate Investors Mortgage Group, 919-649-5058