Kernersville STILL Qualifies for USDA 100% Financing!!

For those buyers out there who thought that the 100% financing was "gone with the wind"--think again! Kernersville still qualifies for USDA Government financing because of the rural status attached to it during the previous census. As the upcoming census gets underway, this opportunity could very well be limited, especially since the population projections put us outside of the definition of "rural". Price limits are based on income and number of dependant individuals in the home. Take advantage NOW if you are looking for a new home as Kernersville is one of very few areas in Forsyth county that qualify. If you are not working with an agent and want to talk about this program and how to find out if you are qualified, please give me a call or shoot me an email and I can put you in front of LOCAL KERNERSVILLE lenders who offer this program.

Thinking About Selling?--Wanna know if your home qualifies for USDA financing?--Contact me and I can help you to move forward capitalizing on this unique and limited program through marketing and positioning.

Just Curious? I have included a link, courtesy of LuAnn Davis at WR Starkey that allows you to search addresses to see if a particular property qualifies. Happy House Hunting!

Brooke

Overwhelming Changes!

Well, the new year is upon us and so many things are a changin'! New resolutions, new president, new clothes from Christmas, new guidelines for home buying and lending!

Seriously, I would like to give everyone a quick update on how awesome it is to be poised currently to buy real estate in the Kernersville area. This area still qualifies for one of the last 100% loans standing! Imagine that! The loan I am referring to is a USDA Rural Housing Loan. We still qualify because it still considers Kville rural because it is based on the 2000 Census...

What that means is that if you are making less than $50K per year as an individual or you can make more if you have children, have qualifying credit and an acceptable debt to income ratio then you can STILL get a 100% loan! Great deal! Even better: with motivated sellers, you can ask them to pay closing costs and spend very little money out of pocket! Unlike the 100% loans that have drug us into this government bailout mess, these loans are very conservative and extremely helpful to those of you or your friends and family who may be renting and running out of space or wishing for a yard of their own.

So great loan options, even other than this for those who do have mid to strong credit, 3.5% down and a solid job...keep this in mind as we go into the new year and tax refunds are burning a hole in your pocket! Lots of inventory out there to choose from as well! There are homes galore in our area that are in excellent shape and just ready for a new owner!

Stay tuned for more Kernersville/Triad real estate news you can REALLY use!