Local Realtors®

( Hablamos Español )

Buying or Selling? Call us today for expert assistance!

USDA Loan Program Benefits

USDA loan program helps home buyers in the Charlotte region

The USDA loan program offers many benefits for home buyers in the Charlotte region. Whereas conventional loans required as much as 20% down and credit scores in the 700s, the USDA loan program is truly a breath of fresh air with generous income limits, 30-year fixed rates, flexible credit guidelines and most importantly, 100% loan to value financing. The most desirable benefits for this program include:

  • No down payment required to purchase a home. The full appraised value of a qualifying home can be financed for 100% loan to value
  • 30 year fixed competitive interest rate
  • Closing costs can be financed into the loan if the market value of the home (appraised value) is sufficient. This is a great benefit that has helped home buyers purchase homes with no upfront costs (i.e., down payment and closing costs).
  • Expanded ratios of 29/41% that allow the borrower to qualify for “more home”
  • No mortgage insurance so monthly mortgage payments are lower than if a conventional or FHA loan is used
  • No cash contribution is required from borrower so there is an opportunity to purchase an eligible home with no out-of-pocket expenses
  • “Gift” money for closing costs is allowed
  • Seller concessions are allowed, i.e., seller paying the buyer’s closing costs
  • No loan amount restriction.  The loan amount is based on the borrower repayment ability
  • No reserve required. Reserves are liquid funds that lenders sometimes require the borrower to have to cover mortgage payments for 60 days or more
  • The guarantee fee for the program is rolled into the loan
  • Borrowers with non-traditional credit histories may be eligible

USDA program requirements
USDA program eligible areas in and around Charlotte
USDA program income limits
Frequently asked questions about the USDA program
USDA loan program
Apply for the USDA program


Down Payment Assistance Programs & Grants


Would you like to find out if you qualify for the purchase of a home? A down payment assistance? Are you interested in having Cornerstone Realty help you to sell your home? Call us today or fill out the form below and we will contact you as soon as possible.

Mortgage Center

We have included below a few tools to help you determine your mortgage payments, closing costs and an estimator of how much you could afford based on your income. To get pre-approved for the purchase of a home, give us a call today or fill out an online inquiry from our website and we will contact you with 24 hours of your submission.


Start today with your pre-approval process. It's easy - simply provide your information below and will contact you and email you the contact information of one of Charlotte's best lenders.

About Us

This Charlotte real estate website provides search tools, information and market news for home buyers and sellers. All the properties displayed on this website are generated automatically from the Carolina MLS and are updated daily.

The down payment assistance programs discussed in this website are based on a 30-year fixed loan. Interest rate is the current market rate.

If you have questions, please contact us today. Your inquiry will be answered by a Realtor® licensed to practice real estate.

Contact Information

Office: (704) 837-4672
Email: info@nc-homeownership.com
Address: 317 Matthews Mint Hill Road, Suite 201 Matthews, NC 28105

Mon-Fri: 9am to 6pm EST
Sat & Sun: By appointment only

Charlotte Real Estate website – We provide Real Estate services to home buyers and home sellers in Mecklenburg, Union, Gaston, Cabarrus and Stanly Counties.

Website Design & SEO by Marketing Elements Inc