USDA communities in Charlotte offer some of the finest suburban homes in Charlotte NC! There is an abundant inventory or new and existing USDA homes for sale in Charlotte and Charlotte NC suburbs. We specialize in Charlotte USDA homes and the USDA loan program. The USDA loan program offers 100% financing for homebuyers in Charlotte, among other areas near and far. The loan program provides home ownership opportunities for low to moderate income families and is available in the Charlotte area NC counties of Mecklenburg, Cabarrus, Union, Gaston and Iredell, as well as the Charlotte area SC counties of York and Lancaster counties.
Charlotte USDA properties and homes that qualify for this financing include existing and new homes for sale in the Charlotte NC area and include homes for sale in Charlotte area zip codes such as:
These are just some of the desirable Charlotte area zip codes that offer USDA homes for sale!
What are the requirements for purchasing USDA homes in Charlotte?
There are three primary requirements of the Charlotte NC USDA Guaranteed Rural Housing Loan program: (1) the home must be located in one of the eligible Charlotte NC suburbs that qualifies as a USDA home loan area; (2) USDA income household limits must not exceed specified income limits for the Charlotte NC Metropolitan Statistical Area; (3) the home must be an owner-occupied primary residence, and not investment property or income-producing property.
How much money will I need to purchase a USDA home in Charlotte?
A USDA home can generally be purchased for little to no money down beyond the initial earnest money deposit when contracted.
Are there Income Limits that apply?
Yes. See the primary requirements above.
Can I purchase a home anywhere I choose?
No. The program is limited to designated USDA areas in Charlotte and surrounding areas.
Does a USDA loan have mortgage insurance?
No. In addition to the USDA home loan not requiring a down payment, this is another wonderful benefit. With no mortgage insurance required, home purchasers can save approximately $100 (more or less) on monthly mortgage payments! There is however, a one-time mortgage insurance guarantee fee payable at closing which can be financed into the loan.
Is there a maximum loan amount for a USDA home loan?
Yes…and No. While there is no official “maximum” loan amount, your loan amount will be limited to your individual ability to pay the loan back and/or the amount that a home appraises for.
If you are interested in suburban Charlotte living with the added benefit of NO DOWN PAYMENT USDA 100% financing in Charlotte, please complete the form below. You will be subscribed to receive our FREE USDA property alerts with the most comprehensive list of Charlotte USDA properties and Charlotte USDA neighborhoods in the area. Contact us today for a current list of Charlotte NC USDA properties for sale.
We are USDA housing experts in Charlotte NC and make buying USDA homes in Charlotte easy! The USDA Loan program has helped thousands of home buyers in the Charlotte area. If you would like more information about USDA homes NC or about the USDA loan program in the Charlotte area or to receive free custom USDA Property Alerts, contact us today!