This is welcome news for anyone considering a USDA loan in the coming year. A revised USDA eligibility map, which had been scheduled to become effective this month, would have eliminated all areas in New Hanover County previously designated USDA eligible.
Some sections of the county south of Monkey Junction and north of King’s Grant will now retain USDA eligibility until at least September 15th of this year. Homebuyers who lack sufficient funds for a downpayment or closing costs may now continue to consider USDA financing for properties in designated sections of New Hanover County. For additional details, email me or give me a call at (910) 202-4813!