usda home loans: 100% Loans In Wake Forest, NC - 09/23/08 03:22 AM
Are you looking for a home in the Wake Forest Area?  Great NEWS!  This map shows the property that is eligible for USDA 102% fianancing!  The area that is NOT "peach" qualifies!
See that line where the railroad tracks go from "peach" to white.  That's Roger's Road.  This is a GREAT part of Wake County - property values are APPRECIATING here (unlike what you might hear about other parts of the country!), and values are continuing to go UP!
There are income restrictions for these loans, and they are intended for those who have not owned a property in the last … (6 comments)

usda home loans: Manufactured Homes Are Very Affordable! - 09/18/08 07:58 AM
Joe Adams sold manufactured homes for a while, and he has put together a great piece of information on financing mobile homes.  Remember, new construction, mobile homes on permanent foundations (and land that you own - not rented) qualify for USDA, 102% financing!

 In a past life when I sold manufactured homes the more difficult the economy and the higher the interest rates the better we did.  WHY, becuase of AFFORDABILITY!  Just think, as the price of homes is up (yes even today after all that has happened) and financing rates go up that brings monthly payment more into play.  … (4 comments)

usda home loans: Qualifying for USDA Home Loans in North Carolina - 09/09/08 08:01 AM
I wish I had a nickle for everytime I'd heard somebody tell me, "I'm just lookin' for some land."  They don't really mean they want a horse farm (necessarily) but they do want some room to stretch out!
Well - good news! USDA has a 100% program for those looking for a home in a rural setting. It does NOT need to be a farm - in fact if it's an income producing farm, I'll probably have to refer you to someone who knows a lot more about Commercial loans than I do... no a USDA loan is for folks who … (28 comments)

usda home loans: USDA - The OTHER 100% Loan - 03/31/08 10:02 AM
USDA loans are great for people in Wake County!  This 100% loan has some exciting differences to FHA and VA loans.
USDA loans can be used for Manufactured Housing!  Since more than 35% of all housing in North Carolina is manufactured housing, this is a BIG PLUS!
USDA loans have Minimum Credit Requirements and will allow borrowers to use non-traditional credit!
The only "tricky" things to consider about USDA loans is that they have some "quirky" requirements.  In order to qualify for a USDA the property must be in a qualified area, the borrowers must meet the maximum income limits for … (15 comments)

 
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Eleanor Thorne

Equity Resources 919-649-5058

Cary, NC

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