DURHAM NC Maps for USDA Home Loans

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 has very low PMI!  The rates are comparable to FHA, so it’s a very affordable payment!  You do not have to have PRISTINE credit, but we generally want to see scores above 600, 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.

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.

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!

So – THE TIME IS RIGHT!  We have many properties on the market, we have MONEY TO LEND, and mortgage rates are really low!  If you are looking for a home in another part of NC that might qualify for USDA home Loan financing – For a list of communities that could see CHANGES to the maps starting at the end of March 2013 click here .

This is the time to buy a house with no money down in Durham with a USDA loan! (a couple of different North Durham Maps) To see if your household income qualifies for this very low PMI loan, please click here or call Steve Thorne 919-649-5058 we know this program inside and out!

Originally Posted at NCFHAExpert.com