USDA Home Loans Apex require that you buy a property that is within the “rural” USDA Loan Footprint. For more than 3 years, we have been told these maps are going to change, and large areas near Holly Springs and Apex, NC would not longer be eligible for USDA Financing. The most recent USDA Home Loan NC maps were released on September 22, 2014 – and we are finally able to say what is going to be eligible for the program (at least for the next year). We expect this to be part one of a two part adjustments to the maps, with the next adjustment coming at the end of 2015.
The “A” on the Map above represents where you should draw a line for properties that qualify for USDA No Money Down, mortgage loans… until December of this year. If you can “imagine” a line from Highway 1 (Claude E Pope Memorial, also known as the Beltline) over to Kildaire Farm Road… everything BELOW that line qualifies for USDA home loans… until December 1, 2014 – then it changes.
USDA Home Loans Holly Springs / USDA Loans Apex NC Maps
This is a different view of the Holly Springs, Apex, NC showing that beginning in December, many neighborhoods in Apex and Holly Springs will no longer qualify for USDA Home Loans. The shaded areas are the areas that don’t qualify – so you can understand that downtown Apex, and most of Cary (for instance) are not rural areas and don’t qualify for USDA Home Loans… once you get outside of Apex, towards Jordan Lake – or you head from Holly Springs away from Hwy 55 and the Outer 540 Loop – you can see that those are could be subject to change with the next wave of Map changes, that we expect near the end of 2015.
Here’s a map of the changes expected to come to the Apex/Holly Springs area come December 2014.
If you are considering a home purchase in this area, we strongly suggest that you consider USDA for your Mortgage Financing options, even if you want to make a down payment! For more information about a specific address, please click here. It’s important to remember that MANY parts of NC will lose USDA Home Loan funding because of these Map Changes in December of 2014 (including many other parts of Wake County!)
Because of the potential upcoming changes – we anticipate a “rush” for homes that qualify for USDA Home Loans. Don’t WAIT – it’s a great time to buy a home in Apex and Holly Springs. A substantial portion of our business is Government financing, and we have the best Investors, underwriters and the LOWEST RATES in the area! If you have questions about USDA Home Loans Holly Springs / USDA Loans Apex NC Please call Steve and Eleanor Thorne, 919-649-5058 for more details!