We've had several people interested in obtaining a USDA home loan for property in Durham County.  I've put together a couple of maps that should help in identifying areas that qualify for this program.  As you might know - it's one of the last TRUE 100% home loans available - and it doesn't have PMI!  The rates are comparable to FHA, so it's a very affordable payment!  You do not have to have PRESTINE credit, but we generally want to see scores above 580, and 12 months of "clean credit."

USDA does require that the property be located in a less populated area.  It does not need to be a farm - but it can't be located downtown either.

The "darker" areas do NOT qualify.  However, as you can see - the Northern sections of Durham County have the most opportunity for this type of financing.  Here's another map that does a close up of that area.

If you are interested in property in this area and would like to see if the address fall within the USDA "footprint" click here.  I also did another map of an area near Leesville Road on the Wake County, Briar Creek side of Durham.  Frankly - I didn' t know that this area qualified!

So - THE TIME IS RIGHT!  We have many properties on the market, we have MONEY TO LEND, and mortage rates are really low!  If you are looking for a home in another part of NC that might qualify for USDA home Loan financing - click here for a list of counties that qualify.

For more information on USDA loans, and to see if your household income qualifies for this NO PMI loan, please click here or call Steve Thorne 919-649-5058 we know this program inside and out!