FHA Home Loans for Single Parents

With the Economy in a “slump” statistics show more and more families have a single parent.  If you are in this situation, and want to purchase a home, there are some very specific details you should know: FHA requires a 3.5% Investment into the Property, which is lower than the 5% charged on most Conventional [...]

Benefits of FHA Mortgage Loans

FHA Mortgage Loans are one of the best mortgage loan programs available for folks purchsing a home in the Wake County Area because it serves so many needs! You can use the program, as a parent, to help your student or child get into their First Home!  The downpayment is 3.5%, and it can be [...]

Using 401K Funds for Downpayment on FHA

With FHA financing, you can use 401K funds in the form of a loan or a withdrawal for required funds to close. We also use them quite often to simply document reserves with no intent to withdraw the funds. It can sometimes make a difference if your debt-to-income ratio is a little higher than the guidelines