Thursday, September 2, 2010

FHA Home Loans for Single Parents

August 14, 2010 by Eleanor  
Filed under FHA Mortgage Loans

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

November 19, 2009 by Eleanor  
Filed under FHA Mortgage Loans, Featured

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

August 30, 2009 by Eleanor  
Filed under FHA Mortgage Loans, First Time Home Buyer

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