I was very surprised by just how much of Orange County, NC qualifies for USDA Home Loans! Pleasantly Surprised! There are three basic requirements to qualify for USDA Home Loans in Orange County using the USDA Home Loan Program. The first is that you need to have decent credit. Second you need to buy a home […]
USDA Home Loans are not just for buying farms! In fact, we don’t really offer that kind of Rural Development loan! We DO offer USDA Home Loans… 100%, No Money Down Home Loans that are insured and Underwritten by USDA! At this point in time, USDA Home Loans in Johnston County are available in every […]
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 […]
We talk young folks all the time who are doing some pretty creative things to save for a home in North Carolina. And who can blame them? Home prices are still lower than they have been – and mortgage interest rates are beginning to inch up. If you are sick and tired of renting, you […]
There’s just one little catch – you can not have more than 20% of the home’s purchase price left over after closing in liquid assets. This means that if you purchased a $100,000 house, you can not have more than $20,000 left over after closing.
The Raleigh / Cary real estate markets are considered a Major Suburban Area by the Government. When you are looking for Maximum Income Requirements for USDA Loans, on the USDA Eligibility Website – you will need to look at Raleigh / Cary Guaranteed Loans. In Wake County that’s how you will find the Maximum Income Limits […]
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 […]
Every year Congress puts funds into the USDA Rural Development “Account” for them to lend out to home buyers. It’s a great program that requires no money down (for program details click here)… On March 11, 2010 Rural Housing folks announced that they will probably run out of money before the end of April. What […]
The Federal Reserve Board refers to them as “Settlement Fees.” They are, in fact the fees you pay to the various agencies and service providers who work to get the title of the home transferred into your name.
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 […]