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             Homes-By-Holmes Real Estate
                                                                       919. 422.7630
100% USDA Loans
The text below is for information only, some information and guidelines can change without prior notice. We work with a team of mortgage loan officer, that can assist you with the home mortgage process. Please call our firm at (919) 422-7630 for any questions.

Since the 100% financing and FHA with down payment assistance is no longer  available. You can Get 100%  Financing through USDA.  The only 100% option is VA and USDA. With USDA you will have to purchase a home in rural areas such as  Apex, Bunn, Clayton, Dunn, Garner, Fuquay Varina, Henderson, HollySprings, Franklinton, Louisburg, Knightdale, Zebulon, Wake Fores, Wendell, Youngsville, and surrounding rural areas. If not all or part of these towns qualify for 100% USDA Loan.  Please call us for the Raleigh, Durham and other cities in North Carolina.

Benefits of USDA:

No Down Payment Required. Borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment. That means a borrower can finance up to 100% of the appraised home value.

Competitive 30 year fixed interest rates. With the guarantee of the U.S. government, a lender can offer the lowest interest rates to qualified individuals and families.

No maximum purchase limit. The USDA Rural Development program has no maximum purchase price limit. However, a lender will still determine the maximum amount of loan each applicant is eligible for based on ability to repay.




 VA Loan Guidelines Explained

When considering a VA Loan, there are many guidelines that designate eligibility. Before getting started on the process, it is important for a potential borrower to understand all of the requirements associated with a VA Loan. Although all VA Loan guidelines will need to be explained by a lender.

  • Must acquire a Certificate of Eligibility


Benefits of a VA Loan
Equal opportunity for all qualified veterans

No down payment (unless required by lender or purchase price is more than property's reasonable value)

Buyer is informed of reasonable value

Negotiable interest rate

Ability to finance the VA funding fee

Closing costs that are comparable with other financing programs (and maybe lower)

No mortgage insurance premiums

An assumable mortgage

Right to prepay without penalty

For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder

VA assistance to veteran borrowers in default due to temporary financial difficulty


VA cannot guarantee that a lender will provide you a loan.  VA cannot compel a lender to make a loan that would violate their lender policies or VA income and credit standards.

VA cannot guarantee that a home is free of defects. It is the veteran's responsibility to assure that he/she is satisfied with the property being purchased. The VA appraisal is not intended to be an "inspection" of the property. A veteran should seek expert advice (a qualified residential inspection service), as necessary, BEFORE legally committing to a purchase agreement.

If you have a home built, VA cannot compel the builder to correct construction defects, although VA does have the authority to suspend a builder from further participation in the home loan program.

VA cannot guarantee that a veteran is making a good investment.

VA cannot provide a veteran with legal services.