Ar_home_b_search
 

USDA Home Loans R Easy!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 mortgages also have property location requirements.  There are MANY places in the Triangle that qualify for USDA 100% financing - for more information on WHERE you can purchase a home and take advantage of this type of financing, click here!

FIRST TIME HOMEBUYERS!  REMEMBER!!  You might qualify for a $8000 credit!!

If you are interested in purchasing a home in the Triangle, and you want to learn more about qualifying for a USDA home loan, please call Steve and Eleanor Thorne, Mortgage Loan Officers 919-694-5058

 
This post has been included in North Carolina Real Estate News
Post is included in group: Coldwell Banker Group
Post is included in group: Keller Williams 'Rainers
Post is included in group: North Carolina Real Estate
Post is included in group: Realtors®
Post is included in group: RE/MAX Active Rain Bloggers

9 Comments on It's EASIER To Qualify For a USDA Mortgage Today! 5/1/09

MAY
01
2009
211,928 Points 4 Featured Posts Outside Blog

Eleanor - The USDA loan product has been a true blessing to many.  It's too bad that many LOs don't seem to want to offer it as an option to the applicants.  I've heard some of them even say they 'don't like doing them' because of the paperwork.  Not being a loan officer I can't attest to, or deny, but I do believe that if it's offered and legal that the consumer should be made aware and given the opportunity to use it if they can.
5:28pm • #1
548,132 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

Great loan and good to know they have adjusted the income caps.
6:43pm • #2
304,169 Points 15 Featured Posts Localism Sponsor Outside Blog

Eleanor,
I say "tweak, tweak and let's get more people qualified for loans.
7:48pm • #3
225,419 Points 4 Featured Posts

Hi eleanor - two of my closing this week were for buyers who chose the USDA Guaranteed rural housing program, and another one is closing Monday. I expect the new income guidelines to help buyers in our higher priced eligible areas now, too. This is a great loan.
10:16pm • #4
MAY
02
2009
566,349 Points 79 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Eleanor~

I am reBlogging your work as part of an on-going series I am doing. Thank you do much for this clear and concise information!
7:15am • #5
MAY
04
2009
688,780 Points 117 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Eleanor,

Thanks for highlighting this product.  It's getting much more attention, especially for those who aren't veterans, and have very little to put down toward the purchase.

Mike in Tucson

p.s.  Didn't you just have a birthday?  We should be singing...
12:41am • #6
9 Featured Posts

Eleanor,

I think i need to take a lesson from you on short concise blogs.

Thanks for the post.


Darin
1:26pm • #7
MAY
31
2009
453,374 Points 15 Featured Posts Outside Blog Called Shot Master

Thanks for the update!  I've reblogged, lots of questions lately about USDA.
3:51pm • #8
JUN
01
2009
555,524 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great info as usual Eleanor!  And then add to all of this the MCC $2K NC credit!  What a fantastic time for 1st time home buyers!!
9:48am • #9

What does the graphic say?

Leave a response…

(optional)
What does the graphic say?
 
Eleanorb Ambassador_large

Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

More about me…

Steve Thorne NC Mortgage Experts

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

Office Phone: (919) 649-5058

Cell Phone: (919) 649-5057

Email Me

Web Analytics

Clicky



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find NC real estate agents and Cary real estate on ActiveRain.