Use Zillow to Find Homes that Qualify for USDA Home Loans!

USDA Rural Home Loans are one of the most popular programs available! They are 10%, no money down loans and require no monthly Mortgage Insurance… but there are a couple of “tricks” to obtaining these loans!

You must meet the Maximum Income Requirements for your area.  The MAXIMUM income is determined per county, and is based upon how many family members reside at the residence. In the Raleigh/Cary Area (which includes Garner and Johnston County in North Carolina) the MAXIMUM income for a family with 1-4 members is $88,400 and the MAXIMUM income for a family with 5-8 members is $116,700.  This means that BEFORE TAXES (your “Gross” income) can not be a penny over this amount… even if you are not using the income from a college son who is living in the home… his income is being counted in the mix.  To find out the Maximum Income Limits for your area, click here.

Figuring out the family income, and if you meet the requirements is pretty straightforward – where most people find difficult about USDA homes, is finding a PROPERTY that qualifies for this financing! USDA is a loan designed for RURAL areas.  It doesn’t mean that you have to find a FARM… but it does mean that you will need to located a home that sits in a LESS densly populated area.

That’s where Zillow can help!

Look at the Maps Below… the properties shaded in “Orange” do NOT qualify for USDA Home Loan Financing… however – all of those OTHER areas do!

So once you know, for instance, that one side of Ten-Ten qualifies for this program, it’s pretty easy to go to Zillow, and put in Garner, NC.  All of a sudden, houses pop up, and you can pretty easily see which ones qualify!  Here’s a great house on Grissom Farm Road!  That’s pretty cool hugh??

To find maps of the areas near you that qualify for USDA Home Loans, click here