PMI For VA 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 [...]

Basics to Qualifying for a FHA Mortgage Loan

FHA mortgage loans offers some of the most flexible financing available for today’s home buyers!  With FHA, you can purchase a property that’s located almost anywhere, (unlike USDA that has a “footprint” of where you can purchase) and you don’t have to be a Veteran (a requirement for VA home loans ).  AND you can use [...]

Government Guidelines Are Getting Tighter

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 [...]

FHA Loan Limits Change 1/1/09

According to the Mortgagee Letter Published this week, HUD is changing the Maximum Loan Limit for Wake, Johnston, Franklin and Harnett Counties.  The change is based upon our average sales price, which has dropped a bit per National Association of Realtors, on Page 48 of their 88 page report – the Triangle will be in [...]

Saving for a Home

If you do not qualify for a USDA Home Loan in NC, there are other options!  Are you a Veteran?  Those loans are 100% loans too!
NO?  Well, don’t worry!  FHA allows you to purchase and get a GIFT from your family and friends!  That’s right!  You could get a gift for the downpayment, and have [...]

USDA Western Wake County

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 [...]

Documents You Need 4 A Loan

A customer who is quickly becoming a friend of mine asked me recently what she needed to gather for a loan application – she’s moving to a new area (the company is relocating them) and before she packed everything up and moved into corporate housing (“Hey,” she said, “Maid Service and it’s free! Are you kidding? I’m taking every day we get in Corporate Housing!”)! Here’s my advice to her: