FHA Mortgage Loans
Property Requirements on FHA
We’ve talked to several people in the last couple of days who want to purchase...
One Borrower Has Income One Borrower Has Credit Score
When one borrower has most of the income… the other borrower has good credit...
FHA Home Loans for Single Parents
With the Economy in a “slump” statistics show more and more families...
FHA PMI Changes 10/4/2010
For about the 5th time in the last 36 months FHA is changing the way it charges Mortgage...
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USDA Home Loans
USDA Guarantee Fee Update 8/23/2010
The Single Family Housing Origination Department of the USDA Home Loan Program announced...
USDA Home Loans Orange County NC
The Mapping system for Orange County GIS and the Mapping System for USDA Home Loans...
USDA Home Loan Maps Wake Forest and Rolesville NC
It can be difficult to tell exactly WHERE you can purchase a home that qualifies...
USDA Rural Development Switching Underwriters
USDA Rural Development Single Family Housing announced some consolidation and changes...
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VA Mortgage Loans
Options for Refinancing Veteran Loans
VA Mortgage Loans have No Downpayment Bad news in the Economy is GOOD news for mortgage rates – and if you have a VA mortgage loan, it might be time to consider a refinance! Seriously, if you are over 5.5% – you should call or txt today (919-649-5058). One of the best options for a Veteran is an Interest Rate Reduction Loan (gotta’... [Read more of this review]
Veterans Not Allowed to Pay all Closing Costs
A new Good Faith Estimate went into effect on January 1, 2010 and because of all the requirements that go with any new Government Regulated Form… FHA came out in January with a list of fees they felt like were reasonable for Homeowners to Pay and Lenders to Collect. Which prompted the VA to come out with a clarification on what Closing Costs they... [Read more of this review]
Credit Score Requirements Going UP!
On December the 12th, Fannie Mae is changing it’s “Computer Program” to reflect a new minimum credit score requirement for mortgages of 620. This is SIGNIFICANT because VA Mortgage Loans, FHA Mortgage Loans and USDA Rural Development loan guidelines indicate that the Government will insure loans with scores substantially lower than... [Read more of this review]
What Exactly Are Closing Cost?
If you are considering the purchase of a home, you know that there could be Trying to Have Money Left Over After Closing? a downpayment requirement (unless you are a Veteran, or you are purchasing in a rural area that qualifies for USDA Home Loan Mortgages)… and you might be aware that there will be “Closing Costs.” Your REALTOR... [Read more of this review]
Veterans get a Tax Credit Extension, what about the rest of us??
First Time Homebuyers could use $8000 On October 11, 2009 the Congress agreed to extend the $8000 Tax Credit for First Time Homebuyers for any Veteran who served at least 3 months of “Qualified Overseas Duty” in 2009 for another 12 months! The Service Members Home Owners Tax Act also has a provision that waives the “payback”... [Read more of this review]
Best info On No Money Down Mortgages in NC
There are two programs available for no money down, 100% mortgages in NC. VA Home Loans: Basic VA Benefits VA Loans and Co-Borrowers What if you make a Downpayment VA Guarantee Fee VA Home Loans and Credit Scores USDA Financing Basic Guidelines for USDA Home Loans in NC USDA Home Loans in the Triangle USDA Home Loans Holly Springs NC 12 Months of Clean... [Read more of this review]
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