No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
North Carolina USDA Loans
My state-specific information
Eligibility Requirements – North Carolina
North Carolinian’s use of the USDA loan program ranks among the top of the charts. The average household income limits for a USDA home loan in the state of North Carolina are around $119,850 for a 1-4 person household. The income limits can be as high as $197,750 depending which county you are looking to purchase in. There is a link below to search the USDA home loan income limits per counties for the state of North Carolina.
The map below shows the USDA loan eligible areas for the entire state of North Carolina. As you can see the majority of North Carolina qualifies for USDA financing. Go to the USDA property eligibility screen for more specific information.
North Carolina USDA Income Limits (Moderate Income – Guaranteed Loan)
Most areas of North Carolina follow the standard USDA income limit. Select metro areas and higher-cost counties have increased limits.
| Area | 1–4 Person | 5+ Person |
|---|---|---|
| Standard North Carolina Limit (Most Counties & MSAs) | $119,850 | $158,250 |
| Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area | $122,500 | $161,700 |
| Wilmington, NC HUD Metro FMR Area | $124,550 | $164,400 |
| Pinehurst-Southern Pines, NC MSA | $124,900 | $164,900 |
| Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area | $129,000 | $170,300 |
| Durham-Chapel Hill, NC HUD Metro FMR Area | $132,950 | $175,500 |
| Raleigh-Cary, NC MSA | $149,800 | $197,750 |
USDA income limits in North Carolina are based on total household income and household size. This includes income from all adult household members, not just the borrower.
If your total qualifying household income is within the limit for your area and household size, you may be eligible for a USDA Guaranteed loan with 100% financing (no down payment required).
Check Your North Carolina USDA Eligibility
USDA loans are available in eligible rural and suburban areas throughout North Carolina. We can quickly:
- Verify your household income eligibility
- Confirm the property is in a USDA-eligible location
- Provide a fast payment estimate and next steps
Income limits shown are for USDA Guaranteed loans and may change annually. Final eligibility depends on verified household income, household size, and USDA program guidelines.
- NO down payment – Finance 100% of your home
- NO maximum loan amount in North Carolina.
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your North Carolina USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – North Carolina
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
