NC Mortgage Experts http://ncfhaexpert.com First Time Home Buyer Tips, Best Mortgage Rates Tue, 14 Apr 2015 17:19:02 +0000 en-US hourly 1 Paying Student Loan Debt Down To Qualifyhttp://ncfhaexpert.com/housing-news/paying-student-loan-debt-down-to-qualify/ http://ncfhaexpert.com/housing-news/paying-student-loan-debt-down-to-qualify/#comments Wed, 08 Apr 2015 12:58:03 +0000 http://ncfhaexpert.com/?p=10748 I know I’ve written several pages about Student Loan Debt, and trying to get a mortgage – I promise, I’ll move on next week to something else. BUT we JUST HAD THIS HAPPEN: Borrower has 670 credit scores, great job, some student loan payments that he’s made on time every month. He’s never missed a payment […]

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Mortgage Qualification and Student Loans UPDATEhttp://ncfhaexpert.com/first-time-homebuyer/mortgage-qualification-and-student-loans/ http://ncfhaexpert.com/first-time-homebuyer/mortgage-qualification-and-student-loans/#comments Wed, 08 Apr 2015 12:18:31 +0000 http://ncfhaexpert.com/?p=10712 Since the Great Recession, we’re talking to people with more than $70,000 in Student Loan Debt several times a week.  For the most part, these are NOT lawyers or doctors, or folks who are otherwise being paid in excess of $70,000 a year.  No, these are folks who have this student loan debt in a deferred […]

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USDA Home Loans and Deferred Student Paymentshttp://ncfhaexpert.com/usda-loans/usda-home-loans-and-deferred-student-payments/ http://ncfhaexpert.com/usda-loans/usda-home-loans-and-deferred-student-payments/#respond Wed, 08 Apr 2015 10:52:44 +0000 http://ncfhaexpert.com/?p=1241 People are moving to the Raleigh / Cary Metro area to go to one of the more than 20 Universities and Colleges we have in the area… and after graduation, they often stay in the Triangle because we have jobs.  As folks are ready to put down roots and buy a home in Raleigh, they […]

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3 Tips For Mortgage Approval With Deferred Student Loanshttp://ncfhaexpert.com/first-time-homebuyer/3-tips-mortgage-approval-deferred-student-loans-2014/ http://ncfhaexpert.com/first-time-homebuyer/3-tips-mortgage-approval-deferred-student-loans-2014/#comments Tue, 07 Apr 2015 22:30:28 +0000 http://ncfhaexpert.com/?p=8866 More than 65% of the First Time Home Buyers we talk to have some amount of Student Loan Debt.  Because there are so many different ways to pay for college now,  many of those we talk to have not even started paying for all of the debt they accrued while in college.  If you are […]

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Mortgage Processing Times This Springhttp://ncfhaexpert.com/housing-news/mortgage-processing-times-this-spring/ http://ncfhaexpert.com/housing-news/mortgage-processing-times-this-spring/#respond Tue, 07 Apr 2015 17:53:37 +0000 http://ncfhaexpert.com/?p=10676 Mortgage loan volume is up.  That means “mortgage processing times” (how long it takes to get loans through the system) are up.  As that time in processing and underwriting increases, so do stress levels.  Deadlines are approaching everywhere.  The only thing that typically doesn’t go up when volume goes up is customer care.   One Mortgage Industry observer […]

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Credit Score Requirements for USDA Loans 2015http://ncfhaexpert.com/usda-loans/credit-score-requirements-for-usda-loans/ http://ncfhaexpert.com/usda-loans/credit-score-requirements-for-usda-loans/#comments Tue, 07 Apr 2015 16:20:54 +0000 http://howtoimprovemyscore.com/?p=32 USDA Loans are perfect for people who want a home in a little more rural area.  USDA Loans have no down payment requirement, and Sellers can pay closing costs… meaning you can buy a home with a USDA Loan with PENNIES out-of-pocket! The payments and Mortgage Rates for USDA Loans are some of the lowest […]

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USDA Student Loan Updateshttp://ncfhaexpert.com/usda-loans/usda-student-loan-updates/ http://ncfhaexpert.com/usda-loans/usda-student-loan-updates/#comments Tue, 07 Apr 2015 13:07:59 +0000 http://ncfhaexpert.com/?p=3497 USDA has long seen the benefit of a College Degree – and in fact USDA Home Loan Underwriters will use Higher Education as a “compensating factor” when a family is close on the debt ratios!  Unlike FHA and VA home loan underwriting, though, the no money down home loan programs offered through USDA COUNT deferred Student […]

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NC Definition of First Time Home Buyerhttp://ncfhaexpert.com/first-time-homebuyer/nchfa-first-time-homebuyer-definition/ http://ncfhaexpert.com/first-time-homebuyer/nchfa-first-time-homebuyer-definition/#comments Tue, 07 Apr 2015 12:06:34 +0000 http://ncfhaexpert.com/?p=4137 We have some great first time home buyer programs in NC!  One of our favorite programs allows for credit scores of 600, another program provides a down payment assistance program of 3%! To qualify for the First Time Home Buyer Program in NC, however, you don’t really have to be a First Time Home Buyers! […]

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Mortgage Rates April 2015http://ncfhaexpert.com/housing-news/mortgage-rates-april-2015/ http://ncfhaexpert.com/housing-news/mortgage-rates-april-2015/#respond Mon, 06 Apr 2015 21:10:43 +0000 http://ncfhaexpert.com/?p=10686 True confession here – I’m an Economics Junkie.  I’m not proud of it, but I’ve been watching mortgage rates, and economics for so long – it’s just kind of who I am.  My birthday happens to fall at the beginning of the month (the 2nd actually), and one year, as a surprise, Steve took me […]

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Recent College Graduates – Tips For Buying A Homehttp://ncfhaexpert.com/first-time-homebuyer/recent-college-graduates-tips-for-buying-a-home/ http://ncfhaexpert.com/first-time-homebuyer/recent-college-graduates-tips-for-buying-a-home/#respond Mon, 06 Apr 2015 18:59:14 +0000 http://ncfhaexpert.com/?p=6492 NC First Time Home Buyers, especially those who are recent college grads, need to know how to get credit built up so that they can buy a home – they also want to know what options they have for purchasing a home, especially while rates are so very low.  Great News!  The NCHFA recently updated […]

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