The USDA property eligibility map is going to be changing as of Oct 1, 2012 due to the 2010 census.  This means that we are going to see some areas that are no longer eligible for a USDA loan.  Now the specifics of the changes and exact lines of the map are not out yet, but here’s a link below that tells which areas are going to be affected.  Most importantly for us near Wilmington are changes in Leland, Murrayville and Wrightsboro. An additional change to the USDA loan that is coming out in October is the monthly MI rate is going to increase from 0.3% to 0.4%.  With that said, the USDA loan is and still will be the most aggressive loan out there for low to no money down for those borrowers who are not Veterans.

http://theresource.tv/wp-content/uploads/2012/08/USDA-List-of-Impacted-Communities.pdf 

Here is the link to affected cities and Today’s USDA rate is 3.375% with a 720 credit score and a $150K loan amount.

(Source: Mitchell L. Ludwig, Mortgage Loan Specialist at Coastline Mortgage in Wilmington, NC – NMLS # 71184)