April 30, 2013
by Sean O'Shea Mortgage Loan Officer NMLS #922287 (919) 439-3904

Logo of the USDA Rural Development office, part of the Department of Agriculture. (Photo credit: Wikipedia)
What is a USDA Rural Development Loan?
Section 502 loans are primarily used to help low to moderate income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.
In Wake County North Carolina most areas outside city limits are eligible for financing and the 2013 income limits for a household of 4 is $91,850! read more »
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Posted in Affordable Housing, Down Payment Assistance Grants, mortgage loans raleigh nc, Tips for Home Buyers, Tips for Home Owners, Underwriting Tips, USDA Rural Development Loans |
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April 23, 2013
by Sean O'Shea Mortgage Loan Officer NMLS #922287 (919) 439-3904

Enjoying cafe styled dining on Ninth Street in Durham
Like so many US urban neighborhoods, Durham’s Ninth Street district is and eclectic neighborhood that is in transition. Locally owned restaurants and retail shops have begun to disappear in their place are large, expensive multi-family rental housing with all the trappings that one would expect from high end luxury Single Family Homes such as stainless steel appliances and granite countertops. There’s even a Harris-Teeter Supermarket serving fresh salads, sushi, Starbucks and more. read more »
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Posted in Durham |
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April 22, 2013
by Ricardo Cobos Mortgage Loan Officer 919-526-0183 NMLS 120651

Koka Booth crowd (Photo credit: moonlightbulb)
Koka Booth Amphitheatre -Another great reason to call Cary North Carolina home.
From Abba to Alan Jackson to Beer, Bourbon and BBQ, the Koka Booth Amphitheatre, located in the Regency Park area of Cary, hosts a variety of artists and festivals sure to appeal to and appease everyone. Nestled among fourteen acres of hardwoods, the Koka Booth Amphitheatre sits along the north bank of Symphony Lake. The Amphitheatre stands as if a warehouse has been stripped of its rugged, excluding walls to now exposed spindles spaced about, holding a web of framed steel and transparent glass as its inviting shelter for entertainment. Patrons can either sit on the well-manicured, verdant lawn or seating is available on the charming crescent shaped deck. read more »
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Posted in About Raleigh, Cary |
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April 19, 2013
by Ricardo Cobos Mortgage Loan Officer 919-526-0183 NMLS 120651
Admist all the chaos and bad news of late, we need to be reminded of just how good things are here in Raleigh - Thanks to my friend at Raleigh Real Estate Blog for the reminder.
Posted in About Raleigh |
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April 18, 2013
by Ricardo Cobos Mortgage Loan Officer 919-526-0183 NMLS 120651

This is a question that I receive often so today when a client emailed me asking me this very same question it was no surprise to me. This post is based largely in part to that persons email and my response. The email began;
I am pleased to inform you that due to your lack investors due to my single family home which just happens to be manufactured and my low [balance] mortgage, I cannot be considered for the “new low rates”. Seems as though all you are interested in is condos/townhouses/stick-built homes in a more affluent community. – Unhappy Consumer
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Posted in About Raleigh, Affordable Housing, FAQ, Tips for Home Owners |
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