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maximum income: It's EASIER To Qualify For a USDA Mortgage Today! 5/1/09 - 05/01/09 09:32 AM
USDA Home Loans have "special" qualifying guidelines that prohibit folks from purchasing if you make "too much" money! 
In the past, that means that if you make more than the median income for your area - you might not qualify... but some recent "tweaks" to the system will allow more folks to qualify!!
Effective Immediately, USDA is looking at income "brackets."  This means that if there are 1-4 people in the household, the maximum household income for Wake County, Johnston County is $88,400!  To find out more about income rquirements for YOUR area, click here. 
It's important to remember that USDA … (9 comments)

maximum income: USDA Home Loans in Holly Springs, NC - 11/11/08 04:29 PM
Here's a map from USDA showing where you can have a 100% loan, and where you can't use USDA financing.  The shaded area in the top right portion of the map does NOT qualify... the rest of it definately does!
This is great news for folks who are looking for homes with NO PMI, and rates that are very close to FHA!  The maximum income in Wake County for a single person is $60,250 and the maximum income for a family of four is $86,100.
These are fairly straightforward loans, they allow for gifts to cover closing costs, or the seller … (2 comments)

 
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