USDA Home Loans in Greensboro, NC 27408 do not have a maximum loan amount – however, the property must be located within the USDA “Eligibility” area.
Here are maps of the Guilford County area, remember that the “faint pink” parts on the map do NOT qualify for USDA Loans. All of the OTHER areas, however, DO qualify for the USDA RD Loan program.
USDA Loan Highlights:
- No Money Down Loans, Seller can pay closing costs
- In Ground Swimming pools are difficult to finance
- Credit Scores without NC Housing Aid must meet a minimum of 640, with NCHFA they can be as low as 600 (See Bottom of Page for more details on this First Time Home Buyer program available in Greensboro)
- Very low USDA PMI rates
If you have questions about qualifying for a USDA Home Loan in NC, call Steve and Eleanor 919 649 5058 Remember, the USDA Home Loan Maps could be changing … in fact, almost 1/3 of North Carolina could LOSE the ability to do USDA Home Loans! Yikes!
Originally posted at NCFHAExpert.com
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