All articles in Affordable Housing

How to get a No Money Down USDA mortgage loan in Raleigh

 

Logo of the USDA Rural Development office, par...
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! Continue reading How to get a No Money Down USDA mortgage loan in Raleigh

Why is it so hard to get a loan for a manufactured home?

Colfax, IL; House

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

Continue reading Why is it so hard to get a loan for a manufactured home?

Heritage Wake Forest – No Money Down Loans

While many Realtors and Developers say about other communities Heritage actually backs that up with irrefutable data! Don’t take my word for it, just check out the Triangle Area Residential Real Estate Report which for May 2011 sales…Read More

Is Renting YOUR American Dream?

ContentsHas Renting Become the New American Dream?a Lack of Affordable Rental Units Inflation is the intended unstated goal of governmentRelated … More Is Renting YOUR American Dream?

$14 Billion in No Money Down Guaranteed Loans for Rural Homebuyers

Contents Related articles USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING NEWS From the National Office in Washington DC June 15, 2011 … More $14 Billion in No Money Down Guaranteed Loans for Rural Homebuyers

$24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS!

The USDA is begging for people to borrow their money! The program will be undergoing significant changes in … More $24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS!

Underwriting Tip – FHA Buyer Financed Closing Costs

FHA Buyer Financed Closing Costs Financing of Transaction Costs for Real Estate Owned Properties (REO) Purchased … More Underwriting Tip – FHA Buyer Financed Closing Costs

USDA Lending Tip; Eligible Homes Locator Map

According to the USDA Guaranteed Rural Housing Development Program and  under the Section 502 program, Housing must be modest … More USDA Lending Tip; Eligible Homes Locator Map