You may have seen subdivisions around Charlotte, NC and the surrounding towns and counties advertising 100% financing on their homes. In many cases these communities are offering USDA home loans which allows buyers to purchase homes in “rural” areas with no money down. This financing is available for new homes as well as resales around Charlotte. USDA financing is available for homes around Charlotte, not necessarily for a home on a farm, or an income producing farm!
The United States Department of Agriculture is trying to encourage rural development by providing buyers with lower incomes a source of financing for the purchase of their home.USDA home loans around Charlotte, NC do have a few restrictions such as area in which the home resides, income limitations, and credit scores. The home must be located in an eligible rural area that is determined by the USDA. Some portions of Charlotte and Mecklenburg County qualify for USDA home loans, and much of the areas in surrounding counties of North Carolina & South Carolina such as York, Lancaster, Union, Gaston, Lincoln, Catawba, Iredell, Rowan, and Cabarrus qualify for the USDA financing.
With financing becoming tougher to obtain on your new home, USDA may be the perfect choice for your next home. To find out more about homes around Charlotte, NC that qualify for USDA home loans or to find a lender that can offer you USDA financing, call or email me today. I would be happy to help you find the perfect home in a USDA eligible area.
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