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 can help you learn about the benefits and features of purchasing a home by using the USDA Guaranteed Rual Home Loan.
But if you’re looking to finance a horse farm, you might want to read this first!
The USDA Guaranteed Rural Home Loan program was created to help low to moderate income families buy homes in designated rural areas with 100% financing. It really provides people with the most cost efficient way to finance a home.
There’s a 2% fee (it’s their form of mortgage insurance) and it’s added to the loan amount. So if you are borrowing $100,000 you will have your principal and interest payment calculated at $102,000. There are income limits, and in Wake County a family of four can not make more than $86,100.
The loans are designed for RURAL AREAS… but all of Johnston County, Chatham County and much of the Western Wake County area are open to the Program.
To See Homes That Qualify For this 100% Financing click here!
If you have questions about purchasing a home with USDA in NC, please call Steve and Eleanor Thorne, Corporate Investors Mortgage Group at 919-649-5058












Hello Eleanor – can you currently get USDA Rural Housing loans on manufactured homes (doublewides) that are pre-owned?
Thanks,
Shawn
Shawn! Thanks for asking! No. You can not do a USDA home loan on an existing mobile home. Sorry! 8o(
Very useful post. where can i find more articles on this subject ?
Eleanor – any parts of N. Raleigh fit into the USDA loan requirements? This is such wonderful information – I can’t wait to share it with our clients! Raleigh Realtor
First of all congratulation for such a great site. I learned a lot reading article here today. I will make sure i visit this site once a day so i can learn more.
Hi im looking for a first time buyer no money down in wilmington nc or surrounding areas
Great Site. Keep up the great work………