All articles about NC

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

Uncovering Hidden Treasures: Finding Stability in Unstable Times

When we bought our house in 2008, we joked about the location. It was on a street named Stable. The neighborhood was named for a horse farm that used to occupy the 30-acre tract of land.

My husband and I always operated under the premise that each house would be a stepping stone to the next bigger, better home. Our first house was purchased with an ARM loan, and we sold it about a year before the balloon payment was due. This house was never supposed to be our long-term home, but a stepping stone for a few years. We viewed buying and selling a house like trading cars, and it was often easier, in fact, than buying another car. Continue reading Uncovering Hidden Treasures: Finding Stability in Unstable Times