What Kind of Home Qualifies for a USDA 100% Loan in the Raleigh, NC Area?

Home Builder with Stanton Homes - New Home Builder

Looking for 100% Financing?

What Types of Homes Qualify for USDA 100% Financing?

USDA Loans - 100% Financing - Homes Available in Raleigh NC Area - Wooded Acreage in Chatham County


There aren't many 100% financing opportunities left!

A USDA Rural Loan may help you purchase a home with no money down.

Wondering what kinds of homes might qualify for this kind of financing?

USDA financing is not just for farms! 



This beautiful custom home on 1.5 wooded acres just northwest of Pittsboro and 25 minutes from Chapel Hill qualifies for 100% financing through the USDA Rural Loan program.

Here's the financial details, using the USDA 100% Financing Program: 

Sales Price $272900

Funding Fee (mortgage insurance) 2% $5458

Total Loan Amount (Fee plus Sales Price) $278358

P&I (at 6.25%) $1714

Taxes and Insurance (est) $230

Total PITI $1944

No downpayment!

No Origination Fee - reduced appraisal and attorney fees!

Maximum Income for a family of 4 is $82000 in Chatham County (under the Durham MSA).  Not all lenders are approved with the USDA program.  Make sure to work with a lender who has expertise with USDA loans!

About This Home: 640 Rebecca Lane in Cattail Creek

USDA Loans - 100% Financing - Homes Available in Raleigh NC Area - Wooded Acreage in Chatham CountySite finished Hardwood Floors in Formal Dining and Family Room

Custom Tile Floors in Foyer, Kitchen, Breakfast, Laundry, and All Baths

Oak Staircase with Wrought Iron Balusters.

Archway Openings Throughout First Floor

Trey Ceilings with great lighting and delicate trimwork

Multiple Piece Crown Moulding and Oversized Baseboard


 USDA Loans - 100% Financing - Homes Available in Raleigh NC Area - Wooded Acreage in Chatham County

Master Bath includes terrific Maple Cabinets (upper and lower!), Tile Floor, Soaking Tub with Tile Surround, and Custom Tile Shower with Glass Enclosure.

Walk In Master Closet with Built In Wood Shelving

Wood Shelves in All Closets

Huge Upstairs Bonus Room

Expanded Island Kitchen with Maple Cabinets and Stainless Steel Appliances

Finished and Painted Garage with Workshop Area

Circular Driveway






Cattail Creek offers custom homes on wooded acreage, in the $250s-360s.

Interested in seeing if you qualify for this loan program?  Want to know what other areas and credit scores qualify?

To find out more about the USDA loan program, contact Steve or Eleanor Thorne at First Financial, 919.649.5058, or visit http://stevethorneonline.com/.

Read Eleanor's information about the USDA program.


You may also be interested in these Chatham County, NC Relocation Resources:

Chatham County New Homes, Lots, and Land

The Preserve at Jordan Lake - Homes and Communities in Chatham County - Chatham County Relocation

New Custom Homes at Cattail Creek - Homes on Acreage in Chatham County

Chatham County Relocation Package - Considering a Move to Chapel Hill, Carrboro, Pittsboro, or Chatham County?

Chatham County NC New Homes


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PJ Belle
Long and Foster - Moneta, VA

Creative way of ad home - beautiful home good luck !

Sep 09, 2008 01:49 AM #1
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

PJ - USDA loans are not well known, and it can be confusing because the first thought is farms or farmland!  This demonstrates that a variety of homes can be purchased with this type of 100% financing program - all it takes is working with the right lender.

Sep 11, 2008 01:58 AM #2
Cheryl Powell - The Powell Team
Southern Homes of The Carolinas - The Powell Team - Harrisburg, NC
Concord,Harrisburg & Charlotte NC Area Real Estate

Hi Penny,  Since the USDA Rural Development program has an upper income limit based on the county where it is located and the buyer's family size, does a home in this price range fit into the program in the Raleigh area?  If so, I agree that this is a great program...I was recommending it to clients even before it was the only 100% game in town besides VA. 

Sep 11, 2008 04:32 AM #3
Eleanor Thorne
Equity Resources - Cary, NC
Equity Resources 919-649-5058

The maximum income in the Chatham County Area for a family of four is $82,000.  The front ratio (29%) needs to be no more than $1981 a month total payment. This property's payment is definately below this... so, as long as they have very few other debts (an $800 car payment probably won't work), this family should be fine to purchase this home!

Of course, if you have questions about USDA loans in NC, you can contact Steve and Eleanor Thorne at Meridian Residential, 919-459-1313.  Thanks!

Sep 11, 2008 08:37 AM #4
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

Cheryl - Eleanor knows more about USDA loans than anyone I've ever worked with!  Please give her a call with any further questions, she keeps up very well with the latest changes to the program.

Eleanor - thanks for sharing your expertise....

Sep 11, 2008 08:51 AM #5

This loan is real attractive and I have known about it for a long time. But in order for me to jump off my chair, these homes need to be listed in their own catagory. I want to look at the homes before I employ an agent and most likely it would be he agent that listed the home on their site, but until then, I will keep looking because no site I have ever on, has been listed these home separately or in the own space. So far it's pot luck on these real estate sites, to see a home that is USDA. I don't feel I need to employ an agent 1st to get to see these homes.  I think it's an injustice to the seller of these type of homes.  If you have the listings then list them. You have more info about the loan than listings.

Feb 22, 2009 02:45 AM #7
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

Trish -

This post was created to illustrate one example of the type of home available for USDA financing, not to show every home in the area that qualifies.  As far as I know, there is no easy way to determine which homes are USDA and which are not.  In some cases, you can tell just by the zip code.

Here are links to more information about which local areas qualify for USDA lending.


Below is the official USDA site.  You can enter any address here and see if it qualifies.  You can also zoom in on maps to find specific areas that qualify.  Once you narrow down the areas you're interested in that qualify, you can then run searches on your own for those specific zip codes, for homes that fall within your eligible price point. 


Hope this helps you!


Feb 22, 2009 10:29 PM #8
Eleanor Thorne
Equity Resources - Cary, NC
Equity Resources 919-649-5058

Trish - there are entire COUNTIES in NC where every home in the county qualifies for USDA financing.  Penny provided a link to the "official" USDA site - but Chatham County, where these homes are listed is one of the counties that qualify.  Also, Johnston County qualifies for USDA home loans... every house in the county qualifies... you just need to be certain that you qualify based upon the maximum income for each county.

Please let us know if we can do more to help you move closer to the "buy" position, because prices are at their all time low - and rates are low too!!

Feb 23, 2009 02:56 AM #9
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