First Time Home Buyer Programs NC

First Time Home Buyer Raleigh NC FAQs

first time home owner raleigh

We work with a TON of First Time Home Buyers. We’ve found that they ALL need the same basic information, to avoid costly mistakes.  The first thing to know about the Real Estate Market in Raleigh is that Sellers expect the First Time Home Buyer in Raleigh to talk to a Lender before presenting an […]

Buy a House – Get a Raise! Mortgage Tax Deduction Rules

Mortgage Tax Deduction

Have you filled out your taxes yet?  Are you getting a refund?  NO?!?!  You might need to buy a house!  There are Mortgage Tax Deduction Laws in place that make Home Ownership more affordable.   There are Mortgage Tax CREDITS available for First Time Home Buyers too! Many times we talk to home buyers (especially […]

Get A Tax Refund, Buy A House!

Average age of First Time Homebuyers

It’s that time of year!  All of the Car Dealers are shouting “Take Your Tax Refund and Buy a New Car!”  Wait!  Don’t Do That! The slogan for First Time Home Buyers in NC should be… Get A Tax Refund, Buy A House! In a few weeks, it will be April 15, 2015, and your 2014 Tax […]

Fannie Mae Update: Deferred Student Loans Conventional Mortgage


Fannie Mae is one of the “Big Dawgs” when it comes to Conventional Loan Underwriting Guidelines.  If they say something will work, most lenders / banks will follow that lead and approve loans based upon the Fannie Mae Guidelines.  Deferred Student Loans Conventional Mortgage Approval requirements recently changed… for the GOOD! Fannie Mae changed the […]

Student Loan (IBR) and Mortgage Qualification 2014

Student Loan IBR and Mortgage Qualification 2014

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 […]

NC First Time Home Buyer Tax Credit 2014

NC First Time Home Buyer Tax Credit 2014

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 […]

Deferred Student Loans and Mortgage Loan Approval 2014

Deferred Student Loans Mortgage Requirements

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 […]

First Time Home Buyer Loans NC FAQs

First Time Home Buyer Loans

Are you tired of hauling the laundry down to a dark basement, or better yet, LIVING in your PARENTS basement?  Maybe it’s time to buy a home for yourself! We’ve heard all of the doubts from folks who think, I am just able to save a LITTLE bit of money renting – HOW am I […]

3 Things First Time Home Buyers Should Know About Sellers

3 Things First Time Home Buyers Should Know About Sellers

When markets move in a positive direction, you’ll hear it from real estate agents first. They see busier open houses, quicker sales or even multiple offers. By the time the news finally hits the mainstream media, buyers start to feel the pull to get back in the market. With Mortgage Interest rates back to very, […]

Government Mortgage Loan PMI Rates

pmi rates

The FHA Mortgage Loan Program, the Veteran’s Administration and the USDA Home Loan Program do not ACTUALLY make loans.  They simply insure the bank against default, they issue underwriting guidelines to tell the banks which loans they WILL insure and which ones won’t cut the mustard.  Those guidelines are loosely used by Banks, with many […]