NC Mortgage Experts http://ncfhaexpert.com First Time Home Buyer Tips, Best Mortgage Rates Tue, 15 Apr 2014 20:13:12 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.3 USDA Rural Development Loans and Liquid Assetshttp://ncfhaexpert.com/usda-loans/usda-rural-development-loans-and-liquid-assets/?utm_source=rss&utm_medium=rss&utm_campaign=usda-rural-development-loans-and-liquid-assets http://ncfhaexpert.com/usda-loans/usda-rural-development-loans-and-liquid-assets/#comments Tue, 15 Apr 2014 13:26:03 +0000 http://ncfhaexpert.com/?p=200 There's just one little catch - you can not have more than 20% of the home's purchase price left over after closing in liquid assets. This means that if you purchased a $100,000 house, you can not have more than $20,000 left over after closing.

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USDA Loans Charlotte NC: USDA Mapshttp://ncfhaexpert.com/usda-loans/usda-loan-charlotte-nc-usda-maps/?utm_source=rss&utm_medium=rss&utm_campaign=usda-loan-charlotte-nc-usda-maps http://ncfhaexpert.com/usda-loans/usda-loan-charlotte-nc-usda-maps/#respond Mon, 14 Apr 2014 21:45:44 +0000 http://ncfhaexpert.com/?p=8822 Folks who live and work in Charlotte, often find that they are pulled to one of the many unique communities surrounding the Charlotte Metropolitan area.  Some of these smaller Charlotte Communities include urban areas, while other Charlotte suburb choices include more rural areas to raise a family, have a little garden – and escape the […]

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USDA Loan Eligibility Maps for Raleigh NChttp://ncfhaexpert.com/usda-loans/usda-loan-eligibility-maps-for-raleigh-nc/?utm_source=rss&utm_medium=rss&utm_campaign=usda-loan-eligibility-maps-for-raleigh-nc http://ncfhaexpert.com/usda-loans/usda-loan-eligibility-maps-for-raleigh-nc/#respond Wed, 09 Apr 2014 21:22:47 +0000 http://ncfhaexpert.com/?p=6681 They say a picture paints a thousand words. If that’s the case, the current USDA Loan Eligibility Maps for Raleigh NC and the FUTURE USDA Loan Eligibility Maps for Raleigh NC – will be worth several thousand dollars to folks who want to take advantage of the USDA Home Loan Program in the Greater Raleigh NC area. […]

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USDA Home Loans Charlotte NC Requirementshttp://ncfhaexpert.com/usda-loans/usda-home-loans-charlotte-nc-requirements/?utm_source=rss&utm_medium=rss&utm_campaign=usda-home-loans-charlotte-nc-requirements http://ncfhaexpert.com/usda-loans/usda-home-loans-charlotte-nc-requirements/#respond Wed, 09 Apr 2014 14:50:06 +0000 http://ncfhaexpert.com/?p=8696 Many times we talk to Home Buyers in Charlotte who want to buy a house, but their “barrier” for entering the Home Ownership market rests on their ability to come up with large sums of cash for a Down Payment. This is especially true for First Time Home Buyers in Charlotte NC. We generally start […]

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“Compensating Factors” For USDA Home Loan Approvalhttp://ncfhaexpert.com/usda-loans/compensating-factors-for-usda-home-loan-approval/?utm_source=rss&utm_medium=rss&utm_campaign=compensating-factors-for-usda-home-loan-approval http://ncfhaexpert.com/usda-loans/compensating-factors-for-usda-home-loan-approval/#comments Wed, 09 Apr 2014 13:45:37 +0000 http://ncfhaexpert.com/?p=3202 At the very end of the USDA RD Home Loan Underwriting Guidelines there’s a section that’s titled “Compensating Factors.”  This brief section is for the situation where a borrower is just outside the guidelines to qualify for a USDA Home Loan, meaning  someone with housing and debt ratios higher than 29/41. We’ve seen folks who […]

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USDA Home Loan Maximum Income Requirements in NChttp://ncfhaexpert.com/usda-loans/usda-home-loans-and-income-requirements-in-nc/?utm_source=rss&utm_medium=rss&utm_campaign=usda-home-loans-and-income-requirements-in-nc http://ncfhaexpert.com/usda-loans/usda-home-loans-and-income-requirements-in-nc/#respond Wed, 09 Apr 2014 12:22:30 +0000 http://ncfhaexpert.com/?p=4018 Use this information to see if your family meets the USDA Loan requirements for maximum family income limits.  The table below shows the current 2014 USDA Home Loan Maximum Income Requirements in NC – and it is based upon the number of people who live in your household. In North Carolina we have portions of our […]

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Applying for a Mortgage? Do’s and Don’t Listhttp://ncfhaexpert.com/first-time-homebuyer/applying-for-a-mortgage-dos-and-dont-list/?utm_source=rss&utm_medium=rss&utm_campaign=applying-for-a-mortgage-dos-and-dont-list http://ncfhaexpert.com/first-time-homebuyer/applying-for-a-mortgage-dos-and-dont-list/#respond Wed, 09 Apr 2014 12:22:07 +0000 http://ncfhaexpert.com/?p=4148 First time Home Buyers, and even those who haven’t purchased a home in a while, can be a little intimidated by the process – especially if they watch the news, which is saying it is so TOUGH to get a mortgage!  It doesn’t have to be overwhelming!  There are a few things that everyone who […]

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Find a House that Qualifies for Good Neighbor Next Door Program in NChttp://ncfhaexpert.com/fha/find-a-house-that-qualifies-for-good-neighbor-next-door-program-in-nc/?utm_source=rss&utm_medium=rss&utm_campaign=find-a-house-that-qualifies-for-good-neighbor-next-door-program-in-nc http://ncfhaexpert.com/fha/find-a-house-that-qualifies-for-good-neighbor-next-door-program-in-nc/#respond Fri, 04 Apr 2014 13:29:33 +0000 http://ncfhaexpert.com/?p=5394 The Good Neighbor Next Door Program is a great FHA program available to Teachers, Firefighters,Police Officers and Emergency Technicians in NC that will allow you to purchase a home at 50% off list price! These FHA loans are available on FHA Foreclosed Homes that HUD owns in NC. For folks who have already been identified […]

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7 Things a NC First Time Home Buyer Should Knowhttp://ncfhaexpert.com/first-time-homebuyer/5-things-a-nc-first-time-home-buyer-should-know/?utm_source=rss&utm_medium=rss&utm_campaign=5-things-a-nc-first-time-home-buyer-should-know http://ncfhaexpert.com/first-time-homebuyer/5-things-a-nc-first-time-home-buyer-should-know/#respond Fri, 04 Apr 2014 12:34:48 +0000 http://ncfhaexpert.com/?p=1833 So you’re ready to move out on your own, and Kiss Your Landlord Good-bye?  CONGRATULATIONS!  Real Estate Is Cheap! That’s not just a saying, for many places in NC, that’s a F-A-C-T! And, while there are “Deals” available right now… the lower end, first time home buyer properties are seeing prices go higher. There’s more demand […]

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What I’ve Learnedhttp://ncfhaexpert.com/credit/ive-learned/?utm_source=rss&utm_medium=rss&utm_campaign=ive-learned http://ncfhaexpert.com/credit/ive-learned/#comments Thu, 03 Apr 2014 14:22:04 +0000 http://ncfhaexpert.com/?p=8748 This might be a strange blog post for this site – but last week I had a stroke.  I’m in my early fifties, and have no diabetes, don’t smoke, don’t have high blood pressure, don’t have cholesterol problems – I might not be the model of health, but nothing pointed to having this level of […]

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