I remember this time last year we were in a panic because the USDA had run out of funds for USDA 100% financing and some of my buyers had to find alternative loans or put their home search on hold.  This is one of the few 100% finance programs still available in our area other than some of the Credit Union programs and many buyers have taken advantage of this.  With seller paid closing costs, the buyer can still get into a home will little out of pocket (now we will not debate whether that is a good thing or a bad thing – it could go both ways). 

This year it is a different story all together…. The USDA has billions of dollars to spend on this program in the next couple of months and we have plenty of homes in rural areas that will qualify.  This program is easy to use and closes fairly quickly.  So what more could you ask for – 100% financing, low interest rates and plenty of inventory… seems like a great reason to get off the couch this fall!

Here is an article by RIS Media / Scott Cook about the USDA available Funds.

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Statesville NC Real Estate Guide –Sonya Leonard, Exit Home Team Realty Agent Sonya Leonard of Exit Home Team Realty is your local real estate expert in Statesville North Carolina.  The Statesville Real Estate Guide provides free access to individualized home searches for all homes in Statesville, Mooresville, Troutman, Lake Norman and the entire Lake Norman Area.  Explore buyer and seller reports, community resources, new home communities, and be sure to sign up for you’re my exclusive FREE Weekly Distressed Sales List.  Let Sonya help you INVEST in Real Estate and your Future! (704) 450-0588. Exit Home Team Realty