Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

As we’ve discussed before, FHA approves Condominium Projects in NC, and that certification process is used to obtain not only FHA Mortgage Loans, but it’s used for USDA home loans and VA loans too.  Primarily because of a hard rule against short term leases, and a requirement for stricter language in the projects covenants, conditions [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

USDA Home Loans in Greensboro, NC 27408 do not have a maximum loan amount – however, the property must be located within the USDA “Eligibility” area. Here are maps of the Guilford County area, remember that the “faint pink” parts on the map do NOT qualify for USDA Loans.  All of the OTHER areas, however, [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

USDA Home Loans in Knightdale, NC 27545 do not have a maximum loan amount - however, the property must be located within the USDA "Eligibility" area. Here are maps of the Wake County area, remember that the "faint pink" parts on the map do NOT qualify for USDA Loans. If you are applying for the NC First Time Home Buyer Program, there are different qualifying Income Limits and Sales Price Limits for Wake County.

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

View Larger Map I tried to find some really cool way to actually draw a line on this Google Map – but allas, I’m not that technically advanced. The “A” on the Map above represents where you should draw a line for properties that qualify for USDA No Money Down, mortgage loans… until October 1, [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

When you look at mortgage interest rates, as compared to where we were last year – you could be pleasantly surprised.  Year over year we are quoting mortgage interest that are slightly lower than 2012.  When you compare mortgage interest rates with what we were quoting two weeks ago – you will not be as [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

FHA Mortgage Loans are generally only available to folks who are going to live in the property – the EXCEPTION is if you already own the home, and you want to refinance it.  If you purchased a home with a FHA mortgage, then moved out, and are renting it (so now it’s Investment property) you [...]

The post FHA Streamline Refinance of Investment Property appeared first on NC FHA Expert | USDA Maps | FHA PMI Rate.

Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

When one borrower has most of the income… the other borrower has good credit scores… there ARE options for purchasing a home. Look at the question we had yesterday: “We want to purchase a home, and I want to know if we can get it.  My husband currently has a mid credit score of 538, [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

Many people we talk to who had credit problems – have gone to an all “Cash” economy – meaning they don’t use credit at all any longer.  We totally understand that theory, but we feel that the better program involves having SOME credit active.  And today, that generally means that you need some revolving credit. [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

We get tons of questions from folks who have moved to North Carolina from another area, becoming landlords in the process.  Maybe you bought a home in Jacksonville, NC and now that you are out of the service, you are living in Charlotte. If you still have that home in Jacksonville, and you are renting [...]

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Eleanor Thorne just updated NC First Time Homebuyer Programs on NC FHA Expert | USDA Maps | FHA PMI Rate

There’s an interesting article out today by Christina Mlynski, discussing the new nominee for the Head of the FHFA.  The Obama administration recently nominated NC Congressman Mel Watt for this job.  It’s the MASSIVE Agency that resides over HUD, Fannie Mae, Freddie Mac – all things mortgage. Apparently, these are the guys who initially came [...]

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