It's EASIER To Qualify For a USDA Mortgage Today! 5/1/09

By
Real Estate Mortgage Broker with Steve Thorne NC Mortgage Experts

USDA Home Loans R Easy!USDA Home Loans have "special" qualifying guidelines that prohibit folks from purchasing if you make "too much" money! 

In the past, that means that if you make more than the median income for your area - you might not qualify... but some recent "tweaks" to the system will allow more folks to qualify!!

Effective Immediately, USDA is looking at income "brackets."  This means that if there are 1-4 people in the household, the maximum household income for Wake County, Johnston County is $88,400!  To find out more about income rquirements for YOUR area, click here

It's important to remember that USDA mortgages also have property location requirements.  There are MANY places in the Triangle that qualify for USDA 100% financing - for more information on WHERE you can purchase a home and take advantage of this type of financing, click here!

FIRST TIME HOMEBUYERS!  REMEMBER!!  You might qualify for a $8000 credit!!

If you are interested in purchasing a home in the Triangle, and you want to learn more about qualifying for a USDA home loan, please call Steve and Eleanor Thorne, Mortgage Loan Officers 919-694-5058

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Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. THE TRAILBLAZER TEAM Asheville 1031 05/02/2009 07:18 AM
  2. Stanton Homes 05/31/2009 03:50 PM
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Topic:
Lending / Financial
Location:
North Carolina
Groups:
Coldwell Banker Group
Keller Williams 'Rainers
North Carolina Real Estate
Realtors®
RE/MAX Active Rain Bloggers
Tags:
usda
8000 tax credit
usda home loans
100
maximum income
wake
county
johnston
mortgage
mortgages

Comments 9 New Comment

Anonymous
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Ambassador
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THE TRAILBLAZER TEAM Asheville 1031
Knowledge,Insight, Industry Know-How. Happiness
Asheville 1031 Realty

Eleanor~

I am reBlogging your work as part of an on-going series I am doing. Thank you do much for this clear and concise information!

May 02, 2009 07:15 AM
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Mike Jones
Mike Jones NMLS 223495
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

Eleanor,

Thanks for highlighting this product.  It's getting much more attention, especially for those who aren't veterans, and have very little to put down toward the purchase.

Mike in Tucson

p.s.  Didn't you just have a birthday?  We should be singing...

May 04, 2009 12:41 AM
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Darin Osenberg
Funky Quail Vintage

Eleanor,

I think i need to take a lesson from you on short concise blogs.

Thanks for the post.


Darin

May 04, 2009 01:26 PM
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Stanton Homes
Design/Build Custom Home Builder in North Carolina
Stanton Homes - Our family designs and builds custom homes for your family

Thanks for the update!  I've reblogged, lots of questions lately about USDA.

May 31, 2009 03:51 PM
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Lee & Pamela St. Peter
Making Connections to Success in Real Estate
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522

Great info as usual Eleanor!  And then add to all of this the MCC $2K NC credit!  What a fantastic time for 1st time home buyers!!

June 01, 2009 09:48 AM
Anonymous
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Eleanor Thorne

Cary Mortgage Loans 919-649-5057
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