USDA Home Loans Durham County, NC

Mortgage and Lending with Equity Resources NMLS 67179 Licensed in NC

We've had several people interested in obtaining a USDA home loan for property in Durham County.  I've put together a couple of maps that should help in identifying areas that qualify for this program.  As you might know - it's one of the last TRUE 100% home loans available - and it doesn't have PMI!  The rates are comparable to FHA, so it's a very affordable payment!  You do not have to have PRESTINE credit, but we generally want to see scores above 580, and 12 months of "clean credit."

USDA does require that the property be located in a less populated area.  It does not need to be a farm - but it can't be located downtown either.

Durham County USDA

The "darker" areas do NOT qualify.  However, as you can see - the Northern sections of Durham County have the most opportunity for this type of financing.  Here's another map that does a close up of that area.

northern durham county usda

If you are interested in property in this area and would like to see if the address fall within the USDA "footprint" click here.  I also did another map of an area near Leesville Road on the Wake County, Briar Creek side of Durham.  Frankly - I didn' t know that this area qualified!

leesville road, Briar Creek Area

So - THE TIME IS RIGHT!  We have many properties on the market, we have MONEY TO LEND, and mortage rates are really low!  If you are looking for a home in another part of NC that might qualify for USDA home Loan financing - click here for a list of counties that qualify.

For more information on USDA loans, and to see if your household income qualifies for this NO PMI loan, please click here or call Steve Thorne 919-649-5058 we know this program inside and out!


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
North Carolina Durham County
North Carolina Real Estate
Keller Williams 'Rainers
EXIT Realty is GROWING...not multi-level...not profit sharing
First Time Homebuyer
wake county
tax credit
durham county
usda home loans
briar creek
northern durham county

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


Thanks for the post; I haven't used this program, and I need to see what parts of Pima county qualify.  I'm off!  (...but you probably knew that already.  LOL)

Mike in Tucson

Oct 14, 2008 05:57 AM #1
Fred Chamberlin
Guild Mortgage Co - Oak Harbor WA - Oak Harbor, WA
Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant

Eleanor, got the maps all figured out and posted 4 counties today. Thanks for your advice and ability.

Oct 14, 2008 11:31 AM #2
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

It is a great loan we called them silo loans. If you can see a silo you can get the loan.

Oct 14, 2008 01:00 PM #3
Eleanor Thorne
Equity Resources - Cary, NC
Equity Resources 919-649-5058

Terry!  That cracks me up!  At least one of these maps shows property less than 5 miles from one our most desirable areas, with every kind of shopping and resturant you can imagine and maybe 10 minutes from the RTP (where thousands of people work!)

Oct 14, 2008 10:48 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Eleanor Thorne

Equity Resources 919-649-5058
I Answer Questions :)
Spam prevention

Additional Information