No Money Down-USDA
USDA Loan Is Another Way!
We're dedicated to helping you discover the perfect home that aligns with your unique lifestyle. Our team of experts is committed to delivering exceptional service and support throughout your homebuying journey. Let's work together to make your dream home a reality.
With USDA loans, there are stricter qualifiers for 100% financing, but the benefit lies in lower PMI compared to typical FHA or conventional loans. We specialize in locating homes that qualify for USDA loans, particularly in Johnston County, Nash, Wilson, and other rural areas surrounding Raleigh.
- Choosing a USDA loan offers an alternative path to homeownership, allowing you to enjoy the benefits of a slower-paced lifestyle while still securing a home of your own. Contact us today to explore your options and embark on the journey to homeownership.
Check for Property Eligibility
To check the USDA property eligibility, you can visit the official USDA eligibility website. There, you will find an interactive map where you can enter the address of the property to determine its eligibility for USDA loans and programs. Please note that final determination of property eligibility must be made by Rural Development upon receipt of a complete application1. Would you like to know more about how to use the map or about USDA loan programs?
Discover 100% Loan with a USDA Home Loans
100% Loan For You!
Ask About the %100 Home Loan?? Do you have a minimum score of 600?
Under the Chenoa Fund™ program, eligible buyers can receive a second mortgage to cover their 3.5% minimum down payment requirement for an FHA-insured home or the 3% minimum down payment for a FNMA conventional loan. By assisting responsible homebuyers with meeting the minimum investment required for a mortgage, we aim to create healthier communities and improve the balance between homeownership and other housing types.
FHA program offerings with a minimum credit score of 600.
CPLP Program Overview
CPLP- Grant
The Community Partners Loan Pool (CPLP) program serves as a down payment assistance (DPA) initiative tailored for low- and moderate-income home buyers. Eligible households can utilize CPLP funds to acquire either a newly constructed or existing home that meets the program's standards. CPLP assistance must be combined with either a NC Home Advantage Mortgage™ or a USDA 502 Direct loan. Furthermore, prospective home buyers must collaborate with a CPLP Member to apply for CPLP assistance.
NCHFA compensates Members with a fee for service for each CPLP loan closed, along with certification fees for homes built or renovated to adhere to specific energy efficiency standards.
Primary Objectives of CPLP:
- Assist qualified households at or below 80% of Area Median Income in becoming homeowners.
- Increase homeownership opportunities in underserved communities.
- Enhance the capacity of housing nonprofits and local government housing programs to generate more affordable homes.
- Leverage other public and private investments.
- Promote the production of healthy, energy-efficient homes through the application of advanced building science.
What CPLP Offers:
- CPLP provides the following funding options for eligible home buyers:
- Up to 25% of the sales price, capped at $50,000 per loan, when used alongside a NC Home Advantage Mortgage™. CPLP funds are disbursed as a deferred payment, subordinate mortgage loan at 0% interest for 30 years to eligible borrowers purchasing a newly constructed or existing home.
- Up to 10% of the sales price when combined with a USDA Rural Development 502 loan (Direct Purchase and Construction-to-Permanent). CPLP funds are provided as a deferred payment, subordinate mortgage loan at 0% interest for 30 or 33 years to borrowers purchasing a newly constructed or existing home.
- Secondary match ranging from $1,000 to $2,000 for Individual Development Account (IDA) savings for home buyers participating in a NCHFA-approved IDA Program (refer to IDA Matching Funds for further details)
