NC Mortgage Experts http://ncfhaexpert.com First Time Home Buyer Tips, Best Mortgage Rates Tue, 16 Dec 2014 16:02:09 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 Mortgage Rates Today, Lower?http://ncfhaexpert.com/housing-news/mortgage-rates-today-lower/ http://ncfhaexpert.com/housing-news/mortgage-rates-today-lower/#respond Tue, 16 Dec 2014 16:02:09 +0000 http://ncfhaexpert.com/?p=10071 Mortgage Rates today are being affected by three things.  Russia, Oil and the FED meeting later today.  When we woke up around 6, we had a positive opening suggested for the DOW, and the outlook for the US Bond Market was looking pretty “normal.”  Then things changed, in the middle of the Russian night, and […]

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How to Improve Credit Scores and Buy a House in NChttp://ncfhaexpert.com/fha/how-to-improve-credit-scores-and-buy-a-house-in-nc/ http://ncfhaexpert.com/fha/how-to-improve-credit-scores-and-buy-a-house-in-nc/#respond Tue, 16 Dec 2014 12:46:45 +0000 http://ncfhaexpert.com/?p=4063 Potential Home Buyers ask us everyday, “How can I improve my credit score???”  There’s not a simple answer, because every credit history (and score attached to that history) is like a snowflake. Credit Score Requirements for mortgage are different based upon the kind of mortgage you are looking for.  In general, you will need a […]

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New Expanded HAMP Guidelines HARP Loanhttp://ncfhaexpert.com/housing-news/new-expanded-hamp-guidelines-harp-loan/ http://ncfhaexpert.com/housing-news/new-expanded-hamp-guidelines-harp-loan/#respond Thu, 04 Dec 2014 18:30:06 +0000 http://ncfhaexpert.com/?p=10032 There are two types of Government “relief” programs available to folks who are trying to get their mortgage payments lower, to avoid a short sale or foreclosure.  Once program is the HARP Loan program, which offers home owners who are not behind, just lack equity in their home to refinance – the opportunity to do […]

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Surviving Spouse VA Home Loanhttp://ncfhaexpert.com/va-loans/surviving-spouse-va-loan/ http://ncfhaexpert.com/va-loans/surviving-spouse-va-loan/#respond Thu, 04 Dec 2014 12:49:02 +0000 http://ncfhaexpert.com/?p=1243 If you or your spouse are Veterans, or Active Servicemen, you might qualify for a 100%, no down payment mortgage loan that is insured by the Veteran’s Administration.  There are three sets of VA loan eligibility categories, all of which differ based on circumstances including the dates of service and what type of military service […]

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USDA Loan Future Eligibility Map December 2014http://ncfhaexpert.com/fha/usda-loan-future-eligibility-map-december-2014/ http://ncfhaexpert.com/fha/usda-loan-future-eligibility-map-december-2014/#respond Tue, 02 Dec 2014 19:52:44 +0000 http://ncfhaexpert.com/?p=10000 The USDA Home Loan Website that Real Estate Agents (read all of us) use is currently misleading.  We’ve talked to 3 borrowers in the past week who thought they were writing offers on homes that would qualify for the USDA Home Loan NC Program – only to find out the home no longer qualifies.  The […]

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USDA Home Loan Only One Credit Scorehttp://ncfhaexpert.com/usda-loans/usda-home-loan-one-credit-score/ http://ncfhaexpert.com/usda-loans/usda-home-loan-one-credit-score/#comments Tue, 02 Dec 2014 14:00:53 +0000 http://ncfhaexpert.com/?p=9029 We recently had someone apply for a USDA Loan who only had one credit score.  They had been told by several other loan officers in NC that even though the one score they have is over 680 – they could not get a USDA Home Loan with only one credit score.  Not so fast!  WE can do […]

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FHA Seller Repairs Requiredhttp://ncfhaexpert.com/fha/fha-seller-repairs-required/ http://ncfhaexpert.com/fha/fha-seller-repairs-required/#comments Mon, 24 Nov 2014 16:02:29 +0000 http://ncfhaexpert.com/?p=2409 If you are interested in purchasing a distressed home, or one that’s been foreclosed upon, it probably has some “deferred maintenance items” that need to be done.  Getting the FHA Seller Repairs done by the Seller, however, is normally difficult.  So the question becomes, what will FHA let you leave undone, while still giving you […]

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FHA Condo Approval Requirementshttp://ncfhaexpert.com/fha/fha-condo-approval-requirements/ http://ncfhaexpert.com/fha/fha-condo-approval-requirements/#respond Fri, 21 Nov 2014 18:44:25 +0000 http://ncfhaexpert.com/?p=8051 In love with a Condo?  If you want to get a FHA Loan (which only requires a 3.5% down payment) then you better brush up on which Condominium Projects will be allowed for FHA Loans, and which ones won’t.  With all of the foreclosures, many Condos fell behind on Homeowner Association dues, and therefore no […]

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FHA PMI Rates Going Lower in 2015?http://ncfhaexpert.com/fha/fha-pmi-rates-going-lower-2015/ http://ncfhaexpert.com/fha/fha-pmi-rates-going-lower-2015/#respond Wed, 19 Nov 2014 21:01:14 +0000 http://ncfhaexpert.com/?p=9918 FHA PMI Rates have gone up so many times since 2009 to cover losses – that we’ve lost count. The FHA PMI Rates are currently so high that it’s cheaper (assuming you have good credit scores) to use a Conventional Loan to finance your Mortgage! Why?  Because for the most part of the past 2 years the […]

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Single Parent Programs to Buy A Home in NChttp://ncfhaexpert.com/fha/single-parents-can-buy-a-home-in-north-carolina/ http://ncfhaexpert.com/fha/single-parents-can-buy-a-home-in-north-carolina/#comments Wed, 19 Nov 2014 17:55:08 +0000 http://ncfhaexpert.com/?p=1849 With the Economy in a “slump” statistics show more and more families have a single parent.  Great news!  There are lots of opportunities and  Single Parent Programs to Buy A Home in North Carolina! If you are in this situation, and want to purchase a home, there are some very specific details you should know: FHA […]

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