So recently a realtor client contacted me to find out just how long they should expect before being able to … More How long does it take to close a USDA Rural Development Loan?
In this Google Hangout we discuss the recent changes to the USDA Rural Development Loan Program
There’s been a lot of rhetoric coming from both sides of the congressional aisles these days; from Democratic and Republican parties and even a few in between. But recently the media has begun reporting government shutdown fallacies as facts. I’ve stayed out of this very heated political discussion for obvious reasons, but when a client recently sent me this article Shutdown impact: Tourists, homebuyers hit quickly from of all places the Associated Press, I just had to respond.
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
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!