PMI For VA Loans??
July 15, 2009 by Eleanor
Filed under First Time Home Buyer, VA Mortgage Loans
Veteran’s have a great benefit with VA Financing. It’s a 100% loan, and in most cases, the seller can pay for closing costs. It’s a conservatively underwritten loan, so there is little chance that 5 or 6 years from now a Vet is going to be in trouble with a mortgage that they can’t afford!
All [...]
Credit Scores and First Time Home Buyers!
March 20, 2009 by Eleanor
Filed under FHA Mortgage Loans, First Time Home Buyer, USDA Home Loans, VA Mortgage Loans
How Credit Scores are calculated is changing, and the minimum scores required for mortgage loans are going HIGHER! For information about “WHY” Credit Scores requirements are changing in NC, click here.
It’s important to know that Transunion began making changes to the way they calculate credit scores, and if you don’t change your credit strategy – you might not be [...]
Government Guidelines Are Getting Tighter
January 13, 2009 by Eleanor
Filed under FHA Mortgage Loans, USDA Home Loans, VA Mortgage Loans
A major bank announced last week that they are going to begin charging a higher fee to folks seeking Government Financing (the most popular loans right now) that have credit scores less than 620.
For more information about this change… click here. 8o((
This does NOT mean that you can not get a loan if your score [...]
USDA Western Wake County
September 8, 2008 by Eleanor
Filed under First Time Home Buyer, USDA Home Loans
I We found this VERY cool map that shows exactly where you can purchase a home in Western Wake County using the 100% USDA program! As you can see, if you are on the “left side” of Ten Ten, in Holly Springs, or Fuquay – or parts of Apex, you qualify for this 100% program!
The [...]
