NC Mortgage Experts http://ncfhaexpert.com First Time Home Buyer Tips, Best Mortgage Rates Mon, 24 Nov 2014 21:33:11 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 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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Tips For Buying The Home You Are Now Rentinghttp://ncfhaexpert.com/fha/tips-buying-home-now-renting/ http://ncfhaexpert.com/fha/tips-buying-home-now-renting/#respond Wed, 19 Nov 2014 17:33:59 +0000 http://ncfhaexpert.com/?p=7750 Many people who moved here with new jobs, rented a home.  Some of them did this so that they could get to know the area, others did that because they came with little cash for a down payment – or credit boo-boos in their near past.  No matter what the reason, if you are interested […]

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Student Loan (IBR) and Mortgage Qualification 2014http://ncfhaexpert.com/first-time-homebuyer/student-loan-ibr-mortgage-qualification-2014/ http://ncfhaexpert.com/first-time-homebuyer/student-loan-ibr-mortgage-qualification-2014/#respond Mon, 10 Nov 2014 14:35:44 +0000 http://ncfhaexpert.com/?p=8869 We’ve had a ton of questions from folks, looking for information about their Student Loans, and how the payments on the deferred student loans, and IBR Student Loan payments will be looked at when they are applying for a mortgage.  Unfortunately, these questions are pretty difficult to answer in any “broad” way…  because every mortgage […]

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USDA Loan Processing Time End of 2014http://ncfhaexpert.com/usda-loans/usda-loan-processing-time-end-2014/ http://ncfhaexpert.com/usda-loans/usda-loan-processing-time-end-2014/#respond Fri, 07 Nov 2014 16:43:55 +0000 http://ncfhaexpert.com/?p=9857 Well this is unexpected.  The USDA Loan Processing Time for the end of 2014 just got much longer.  They announced today that they will not accept any new applications for a week, beginning November 21, 2014.  They are doing this because of the significant USDA Loan Eligibility Requirement changes that take place December 1, 2014.  […]

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USDA Loans Wilmington NC, Ogden and Lelandhttp://ncfhaexpert.com/usda-loans/usda-map-changes-in-wilmington-ogden-and-leland-nc/ http://ncfhaexpert.com/usda-loans/usda-map-changes-in-wilmington-ogden-and-leland-nc/#respond Thu, 06 Nov 2014 16:51:39 +0000 http://ncfhaexpert.com/?p=6075 The USDA Loans Wilmington NC, Ogden and Leland NC will not have map changes as significant as we initially thought.  We knew that many neighborhoods would lose the ability to offer the USDA Home Loan program when the maps change in December of 2014 – but we just didn’t know how big (or small) the change was going […]

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NC First Time Home Buyer Tax Credit 2014http://ncfhaexpert.com/first-time-homebuyer/first-time-home-buyer-tax-credit-2013/ http://ncfhaexpert.com/first-time-homebuyer/first-time-home-buyer-tax-credit-2013/#comments Thu, 06 Nov 2014 14:38:46 +0000 http://ncfhaexpert.com/?p=6431 There’s a big conversation in the Senate about the Mortgage Tax Credit – and it doesn’t look like that “National” initiative is going too far… Good News! There is a First Time Home Buyer Tax Credit 2014 already in place in North Carolina.  The First Time Home Buyer Tax Credit 2014 is offered through the NCHFA […]

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Deferred Student Loans and Mortgage Loan Approval 2014http://ncfhaexpert.com/first-time-homebuyer/student-loans-mortgage-loan/ http://ncfhaexpert.com/first-time-homebuyer/student-loans-mortgage-loan/#respond Thu, 06 Nov 2014 13:10:16 +0000 http://ncfhaexpert.com/?p=8864 I would guess that 70% or more of first time home buyers we talk to these days have Student Loan Debt.  With the economic down turn, it seems to us that many families were forced to “dip” into college savings funds to make the month to month bills paid. Confirming that, over 40 million Americans […]

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