no money down: Concord NC $5,000 Downpayment Assistance Program
- 02/19/11 04:28 PM
This Down Payment Assistance Program is provided through the City of Concord's Business and Neighborhood Services Division, which receives HOME Investment Partnership Funds, allocated annually through the Department of Housing and Urban Development (HUD). Home buyers can receive a depreciating loan of up to $5,000 to put towards their down payment, prepaids, or closing costs. Applicants of this program must be a first-time homebuyer and have annual incomes that do not exceed eighty-percent (80%) of the median income of the area. If you haven't owned a home in the past 3 years, you are considered a 1st time home buyer for the purposes … (3 comments)
no money down: $8000 tax credit as downpayment... HUD says program NOT killed!
- 05/21/09 04:58 AM
According to my lender sources and The Arizona Herald article "HUD says bridge-loan program hasn't been killed", HUD is still moving forward with a plan to let first-time homebuyers use the currently available tax credit of up to $8,000 as collateral for "bridge loans" to cover the down payment on FHA insured mortgages. According to the article, HUD spokesperson Brian Sullivan stated that the program details haven't been finalized and would not say when the bridge-loan program would be initiated, or whether it would be substantially different from what originally was announced. Let's all keep our fingers crossed that this program will be … (9 comments)
no money down: Rowan County & Salisbury/Kannapolis NC - USDA Rural Development Home Loans
- 04/29/09 12:43 AM
Since News Channel 36 did a report on USDA Rural Development loans last week, it has been a HOT topic in our area. I've helped my clients utilize this program for years, so I decided to share the basics concerning USDA Rural Development loans in Rowan County North Carolina. The USDA Rural Development agency (yes, the United States Department of Agriculture) has two different loan programs, Direct and Guaranteed. Eligibility for both types of Rural Development loans is determined based on household size, income and the buyer's credit worthiness. Both programs are 100% (NO DOWN PAYMENT) loans with NO MORTGAGE INSURANCE. FHA loans and Conventional loans … (1 comments)
no money down: Iredell County & Mooresville NC - USDA Rural Development Home Loans
- 04/25/09 11:23 AM
News Channel 36 did a report on USDA Rural Development loans last night. It said that the program is "little known", but I've known about it and helped my clients utilize the program for years. The USDA Rural Development agency (yes, the United States Department of Agriculture) has two different loan programs, Direct and Guaranteed. Eligibility for both types of Rural Development loans is determined based on household size, income and the buyer's credit worthiness. Both programs are 100% (NO DOWN PAYMENT) loans with NO MORTGAGE INSURANCE. FHA loans and Conventional loans with less than 20% down payment require mortgage insurance, which is … (7 comments)
no money down: Cabarrus County & Concord NC - USDA Rural Development Home Loans
- 04/25/09 03:46 AM
News Channel 36 did a report on USDA Rural Development loans last night. It said that the program is "little known", but I've known about it and helped my clients utilize the program for years. The USDA Rural Development agency (yes, the United States Department of Agriculture) has two different loan programs, Direct and Guaranteed. Eligibility for both types of Rural Development loans is determined based on household size, income and the buyer's credit worthiness. Both programs are 100% (NO DOWN PAYMENT) loans with NO MORTGAGE INSURANCE. FHA loans and Conventional loans with less than 20% down payment require mortgage insurance, which is … (9 comments)
no money down: USDA Rural Development DIRECT Program - New Fiscal Year
- 10/03/08 04:20 AM
The new fiscal year for the USDA Rural Development DIRECT loan program began on October 1, 2008. At this time Congress hasn't appropriated funds to this program, but they expect to receive their first alotment of funds before the end of October. Unfortunately, the demand for this program is great and funds aren't always available. For many buyers it can be well worth the wait though! Buyers should apply as soon as possible to get on the waiting list to receive loan funding, since it takes approximately 30 days to receive a response once you submit your application. If the buyer is approved they will … (2 comments)
no money down: Iredell County NC - NO MONEY DOWN - NO PMI - USDA Rural Development
- 09/14/08 03:30 PM
USDA Rural Development Guaranteed Loans are available for low to middle income owner occupant borrowers. It is a 100% loan to value program... that's right there are still a few NO MONEY DOWN programs available. This loan also has NO PMI! Although eligibility for this loan program is usually limited to the more rural areas of each county... ALL locations in Iredell County North Carolina are eligible for the USDA Rural Development loan program EXCEPT for the city limits of Statesville! This means that even homes located within the city limits of Mooresville NC are eligible for this 100% - NO MONEY DOWN - NO … (0 comments)
Related Links:
Cheryl Powell - The Powell Team
Concord,Harrisburg & Charlotte NC Area Real Estate
I provide professional real estate services to Buyers and Sellers in Greater Charlotte NC, including Concord, Harrisburg, Kannapolis, Mooresville, North Charlotte, Salisbury and surrounding areas. My specialties include: Resale Homes - New Construction - Relocation - 1st Time Buyer Programs - Investments - Foreclosures - Short Sales. I have the experience, knowledge and dedication that it takes to get the best results. Contact me anytime to discuss your real estate needs!
This Down Payment Assistance Program is provided through the City of Concord's Business and Neighborhood Services Division, which receives HOME Investment Partnership Funds, allocated annually through the Department of Housing and Urban Development (HUD).
;)
;)
;)
