First Time Home Buyer Programs NC

Mortgage Qualification and Student Loans UPDATE

mortgage qualification and student loans

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 […]

3 Tips For Mortgage Approval With Deferred Student Loans

Mortgage Approval With Deferred Student Loans 2014

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 […]

NC Definition of First Time Home Buyer

NC Definition of First Time Home Buyer

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! […]

Recent College Graduates – Tips For Buying A Home

Recent Graduate Homebuyer Tips

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 […]

Student Loan (IBR) and Mortgage Qualification

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 […]

First Time Home Buyer Loan Requirements


First Time Home Buyer Loan Programs were initially provided to help those of us who don’t have 20% to put down on a home!  There are some Conventional Loans that allow for less down payment, now – but they require very high credit scores, so most of those programs are for folks who are buying […]

First Time Home Buyer Purchasing Plan

first time home buyer

Many of the First Time Home Buyers we are talking to just want us to help them with a plan.  What makes sense to do during the 4 or 5 months prior to buying a house…  What kind of savings do you need, how do you figure out where you want to live, how do […]

Freddie Mac Non-Owner Occupied Co-Borrower Program NC

freddie mac non_owner_occupying_co_borrower

While Freddie Mac has allowed a non-occupying co-borrower to help a family member buy a house in NC – it’s been difficult to get these loans approved.  Even on a primary residence purchase transaction, or for a rate term refinance, it was impossible to make it work, simply because PMI /mortgage insurance was not available […]

Complete Mortgage Application Checklist

mortgage loan application checklist

When you apply for a mortgage there’s a short list of stuff we’re going to need to see… and then, as we get further into the Mortgage Process, that “Scavenger Hunt” list of items we want to see gets longer, and longer.  Depending on the Type of Mortgage you are applying for, the COMPLETE Mortgage Application […]

Millennial Renters Ready To Buy A Home

Millennial Renters now first time home buyers

There are so many Economic reports that come out, sometimes it is difficult to read “between” the lines, to understand what they are really saying.  I just read an article by  Dr. Anthony B. Sanders, Distinguished Professor of Real Estate Finance at George Mason University in Fairfax, Virginia. In it, he pretty much says that Millennial […]