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rural development: Rowan County & Salisbury/Kannapolis NC - USDA Rural Development Home Loans - 04/29/09 07:43 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)
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rural development: Iredell County & Mooresville NC - USDA Rural Development Home Loans - 04/25/09 06:23 PM
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)
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rural development: Cabarrus County & Concord NC - USDA Rural Development Home Loans - 04/25/09 10:46 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 … (0 comments)
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rural development: USDA Rural Development DIRECT Program - New Fiscal Year - 10/03/08 11:20 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)
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rural development: Iredell County NC - NO MONEY DOWN - NO PMI - USDA Rural Development - 09/14/08 10:30 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)
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rural development: USDA Rural Development DIRECT Loans - Subsidized Payment Loan Program - 08/21/08 02:46 AM
Do you know someone who has a job and works hard, but their income isn't high enough to afford a well maintained home in an area desireable to them? If so, the USDA Rural Devolopment DIRECT Loan Program may be the perfect loan program for them. This is a 100% financing (NO DOWNPAYMENT), no Mortgage Insurance, government subsized loan program! I've seen this program dramatically change the lives of families for the better by helping them purchase a nicer home, than would have been possible using traditional financing programs, with an affordable payment.
CLICK HERE to view details about the USDA Rural Development … (126 comments)
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rural development: USDA Rural Development Guaranteed Loans... One of the Few 100% LTV - No PMI Loans Available - 05/27/08 02:31 PM
Not many Realtors in Concord NC and the surrounding areas are aware of this great loan program offered by the USDA. I suspect the same is true in other states across the country. This program is very similar to the Farmer's Home Administration Loans that used to be offered by the USDA.
USDA Rural Development 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!
Only a few lenders are qualified to underwrite these loans, so make sure … (19 comments)
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Cheryl Powell- SFR,ABR,Broker,Realtor- Remax Executive - Concord NC Real Estate
Concord,
NC
More about me…
RE/MAX Executive - The Powell Team
Address: 7752 Gateway Lane, Suite 204, Concord, NC , 28027
Office Phone: (704) 979-7028
Cell Phone: (704) 363-8902
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