It's been rumored for several months that due to raising default rate - FHA was in "trouble." Last week, FHA made several announcements that will ROCK the mortgage lending world …
Continue Reading about FHA Making Sweeping Changes, AGAIN! →
FHA Qualifying with Rental Income
First off, it's important to remember that you can not use FHA financing to purchase Investment property. FHA loans are for PRIMARY residents only... but time being what they are, we are finding …
Why Look At FHA Versus Conventional Loan
FHA Mortgage loans have a TON of great things going for them, and if you qualifiy for one, it's often a better program than a Conventional Loan. Easier to Qualify: Because FHA insures your …
Continue Reading about Why Look At FHA Versus Conventional Loan →
SAVE UP for your First Home!
If you're reading the headlines, and looking at the real estate section of the paper - you know that NOW IS A GREAT TIME TO BUY YOUR FIRST HOME! The equity you grow, here in the Triangle, over the …
FHA Condo Woes
Condominiums are getting more and more difficult to finance, and recent FHA Underwriting guidelines changes for FHA Home Loans in North Carolina are not helping! The lure of living in a Condominium in …
Using 401K Funds for Downpayment on FHA
FHA Home Loans require a 3.5% downpayment. There are not requirements that you purchase in a specific spot (like there are for USDA Home Loans) and you do not have to be a Veteran (like VA Homes …
Continue Reading about Using 401K Funds for Downpayment on FHA →