USDA Loans Lake Waccamaw, North Carolina

The Lake Waccamaw, North Carolina USDA Home loan is a great choice for borrowers looking to buy a home with NO MONEY DOWN.  When home buyers hear USDA rural they often think of farms or underdeveloped areas.  In most cases you can find USDA eligible properties just outside of major North Carolina cities.  USDA is creating loans all across the country, including suburban towns that are anything but rural. In fact, in some countries like North Carolina, the vast majority of the country is eligible for USDA loans. Find out if a property in Lake Waccamaw, NC is USDA home eligible by calling 888-767-0554. USDA home loan experts are standing by and ready to help.  Connect with a licensed USDA specialist, ask questions, see what cities qualify, and get free quotes.

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Finding the Perfect Home Loan

Thousands of consumers in Lake Waccamaw, NC are ready for home ownership.  Securing the right home loan doesn’t have to be hard, we have solutions for less than perfect credit and even those with little savings or down payment. To help Lake Waccamaw home buyers overcome challenges we offer more programs and the extra benefit of wholesale rates.  We simplify the home buying and refinancing challenges presented by 2025 Lake Waccamaw mortgage guidelines. At USDA RuralMortgage.com, our mission is to get you approved for a Lake Waccamaw, North Carolina USDA mortgage and into your home with payments you can afford. Even if you think you won’t qualify, our highly trained specialists will work with you closely on an individual basis to:

  • Review your finances to find a payment you can afford.
  • Improve your credit score if needed to qualify.
  • Obtain pre-approval to shop for a USDA Eligible Home.
  • Secure a loan and purchase your new home!

Working around Credit Issues with Top Rated Specialists

The USDA Rural Mortgage team is celebrating its 28th year in business.  Our experience allows for consumer mortgage confidence especially with Lake Waccamaw, NC first time home buyers.  We navigate consumers through the mortgage process, explain options and find what choice works best for you. We specialize in more than just USDA rural mortgage loans.  Check out consumer home buyer GRANT options, FHA loans and our Bad credit home loan options.

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    Once this form is completed you will have the option to start your USDA mortgage application.

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    Lake Waccamaw, NC USDA Benefits

    • No down payment required
    • Low 30 year fixed rate
    • 100% financing
    • Can finance closing costs if appraisal above sales price
    • Competitive rates (as set by the underwriting lenders)
    • Minimal mortgage insurance required
    • No cash contribution required from borrower
    • Gift Funds Allowed
    • No maximum loan amount (although there are family income limits)
    • No reserves required
    • Streamlined credit approval for scores above 640
    • Can refinance an existing USDA loan to get a better interest rate if available

    Find your Lake Waccamaw, NC USDA Home Loan 888-767-0554.

    Lake Waccamaw is a fresh water lake located in Columbus County in North Carolina. It is the largest of the natural Carolina Bay lakes.[2] Although bay trees (Magnolia virginiana L., Gordonia lasianthus Ellis, and Persea) are present within many Carolina Bays,[3] the term “bay” does not refer to the trees but comes instead from an early science publication by Glenn (1895), who used the word “bay” (which he described as “lake-like expanses”) to refer to these features near the town of Darlington, South Carolina.[4] Lake Waccamaw is fed by four creeks: First, Second, Third, and Big creeks. The outlet forms the Waccamaw River which flows south-southwest to empty into the Atlantic Ocean near Georgetown, South Carolina

    Lake Waccamaw has a broad, flat bottom of gyttja (mud) and peat, encircled by sandy shallows and submerged sandy terraces that extend up to 1,650 ft (500 m) offshore. The lake is oval in shape, measuring roughly 5.2 miles (8.4 km) by 3.5 miles (5.6 km), covering 8,938 acres (3,617 ha) surface area with an average depth of 7.5 feet (2.3 m) and a shoreline of about 14 miles (23 km). The marginal 70% of the lake bottom is composed of clear sand, whereas the central 30% is overlaid with a deposit of fibrous and pulpy peat.[5] The lake is fed mainly by Big Creek and the surrounding swamp lands. The organic matter from the decaying vegetation of the swamps makes the water tea-colored. The lake is full of life. Unlike most of the other Carolina Bay lakes, Lake Waccamaw gets the majority of its water from the surrounding swamp, instead of direct rain water. A limestone bluff along the north shore filters the water and reduces the acidity levels, making the lake ideal for a wide range of aquatic life.[3] Lake Waccamaw has several feeders, called First Little, Second Little and Third Little Creeks and then Big Creek as well as water from the Friar swamp. Underground springs feed the creeks.

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