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 income – to be certain you are not OVER the maximum for the area. In Johnston County, the maximum income limits for USDA mortgages have recently changed! The newest numbers are:
1 to 4 persons in the home $91,850
5 or more persons in the home $121,250
The main thing you need to remember when applying for a USDA home loan is that you need to have good credit – and you can not have total debts (with your mortgage payments) of more than 41% of your monthly gross income.
If you have specific questions about USDA Home Mortgage and how you might qualify using this program – please call Steve and Eleanor Thorne, First Financial , 919-649-5058.
About Eleanor
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