So you’ve started shopping for a new home. Maybe you’re upgrading from an apartment to that very first single-family residence, or perhaps you’re looking to...
USDA will not allow a property to have income producing buildings or farmland. You would think that The US Department of Agriculture would be okay with this, but they are not for their Rural Development program. Here are the USDA site requirements to consider when planning to apply for a USDA loan. USDA Site Requirements …More →
Anyone familiar with the old guidelines for USDA and their requirements for swimming pools, knew you must get 1) A Pool Waiver as part of the USDA review process and 2) No value of the pool must be given unless it is above the purchase price. Now with the December 2014 changes to the USDA …More →
UST sounds like a disease, doesn’t it? Well it can cause major issues on a purchase. If the home being purchased has an abandoned underground storage tank (UST), and the buyer is using a VA or USDA, the tank must be inspected by a qualified environmental engineer who will comment on the tank and surrounding area …More →
In North Carolina, eligible rural areas for USDA housing programs will be adjusted in certain areas on February 2, 2015. New ineligible areas will include: Areas adjacent to the current ineligible area of Jacksonville, NC; Greenville, NC; Rocky Mount, NC; Goldsboro, NC; Raleigh, NC; Greensboro, NC; and Charlotte, NC. On December 16, 2014, President Barack …More →