With the problems of lower values in Real Estate across the country – we talk to folks daily who left a home in some other area, came to North Carolina for a job…. and now want to buy a house. The only problem for these folks is typically one of CASH for the down payment! There are two great programs available for no money down home loans, 100% mortgages in NC.
VA Home Loans:
What if you make a Downpayment
VA Guarantee Fee (VA’s version of PMI)
VA Home Loans and Credit Scores
USDA Financing for No Money Down Home Loans in NC:
Basic Guidelines for USDA Home Loans in NC
USDA Home Loans in the Triangle
USDA Home Loans Holly Springs NC
In addition to these 2 great programs, you can get gifts for downpayments, add a non-occupying co-borrower, or get a $8000 grant from the State of NC if you qualify! These First Time Home Buyer programs, with the FHA and Fannie Mae financing make buying a home with No Money Down Home Loans easy!
If your family is one of the families who moved here after a foreclosure or short sale, we totally understand. We’ve helped tons of folks in this situation. Every picture is different, but in general, USDA Home Loans require 3 years from the date of the Foreclosure, FHA and VA have a shorter period of waiting.
If you have questions about purchasing a home in Raleigh, or about either one of these loan programs, call Steve and Eleanor Thorne, Cary, NC… NC Experts on Government Financing… Plus, we have the Best Rates!
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