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 can pay them.

The buyer can not CURRENTLY own a home that is within commuting distance of the new property.  So if you owned a home in Ohio, for instance, that would not sell right now, and you rent that property, and move here - YOU CAN GET 100% FINANCING!

To find out more about qualifying for a USDA Home Loan, please click here!

If this is your first home, or you have not owned a home in the last 3 years, you might also qualify for the Government's $7500 tax credit!  For more information on that program, click here!

We would love to answer any questions you might have about mortgages in Holly Springs!  Mortgage rates are low, and now is the time to buy!