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no money down mortgage: 97% Mortgage Loan Program Can Get A Gift For The 3% Downpayment in NC - 06/16/11 02:40 PM
Until recently, borrowers with down payment money representing less than 5% of a property’s purchase price were limited to FHA loans. We now offer a Fannie Mae program that requires only a 3% down payment, and that 3% can be a gift! Unlike USDA Home Loans, you do NOT have to be within a “Rural” footprint, and there are no income “caps.”
For the right borrowers, conventional financing to 97% offers certain advantages over FHA loans. Conventional financing allows just 3% down payment versus FHA’s 3.5% requirement. The loans tend to be a bit easier to work through the process and … (4 comments)

no money down mortgage: Map Showing Homes Eligable for USDA Financing in Apex and Holly Springs NC - 09/08/09 09:05 AM
View Larger Map I tried to find some really cool way to actually draw a line on this Google Map - but allas, I'm not that technically advanced.
The "A" on the Map above represents where you should draw a line for properties that qualify for USDA No Money Down, mortgage loans.  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 financing.
This is a different view of the Holly Springs, Apex, NC qualifying areas for USDA. Everything ABOVE it … (5 comments)

 
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Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

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