A blog about sellers and buyers using Gene Allen to facilitate their real estate needs in the Triangle area. This includes Cary, Chapel Hill, Wake Forest, Durham and Raleigh.
Friday, January 30, 2015
USDA Home Loan Eligibility Locations Change for the Triangle Area
For the Triangle area of Durham, Raleigh, Wake Forest and Cary there will be a moderate change to the eligibility locations for USDA Home Loans. This site is used to determine eligibility for certain USDA home loan programs and the USDA Satellite Grant Program. In order to be eligible for many USDA loans, household income must meet certain guidelines. Also, the home to be purchased or served must be located in an eligible rural area as defined by USDA.
To learn more about a USDA home loan program in Durham, Raleigh,Wake Forest or Cary, click on the Loan Program Basics link on the left side of this screen and select one of USDA's home loan programs.
To determine if a property is located in an eligible rural area, click on the Property Eligibility link on the left side of the screen and select a Rural Development program. When you select a Rural Development program, you will be directed to the appropriate property eligibility screen for the Rural Development loan program you selected.
To determine income eligibility of an applicant/household in Durham, Raleigh, Wake Forest or Cary, click on the Income Eligibility link on the left side of the screen and select a Rural Development program. When you select a Rural Development program, you will be directed to the appropriate income eligibility screen for the Rural Development loan program you selected.
To determine if a property is eligible to receive discounted satellite service under the Satellite Grant Program, click on the Satellite Grant Program link on the left side of the screen to view a map. You will be able to find your address on the map to determine if you meet the eligibility requirements of this program.
To find out how to apply for a Rural Development Loan in the Triangle area, click on this Contact Us link.
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