usda loans apex: USDA Home Loans in TROUBLE for November 2009!
- 10/22/09 11:53 PM
DARN... DARN... DOUBLE DARN! We have a TON of customers closing in the next 10 days who think they are going to: a) move in next week b) use USDA Home Loan Financing for their 100% (no money down) financing c) GET THE $8000 Tax Credit Well, guess what BOMB just hit MY Email this morning?!?!? FROM: Single Family Housing Guaranteed Loan Program, Washington DC The President has signed the Agriculture Appropriations Act for fiscal year (FY) 2010. Since October 1, 2009 we have operated under a Continuing Resolution (CR) with carryover funds from FY 2009 and funds allocated under the … (12 comments)
usda loans apex: Map Showing Homes Eligable for USDA Financing in Apex and Holly Springs NC
- 09/08/09 02:05 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 … (4 comments)
usda loans apex: USDA Home Loans Rock The Triangle!
- 01/26/09 06:35 AM
In the Triangle, we are lucky to have such a large area that qualifies for USDA financing on mortgage loans! This program offers a 100% loan for homebuyers who qualify with properties located in the more "rural" parts of the area! Does that mean it's just for a FARM? Oh NO! This is for your home, not for income producing farms. The loans do have a guarantee fee of @ 3.5%. This means that if you purchase a home for $100,000 (I only use this example since I can do this math in my head) then you will have an additional … (15 comments)
usda loans apex: 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)
DARN... DARN... DOUBLE DARN!
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