USDA just announced that it will make new map change on June 4th. This means that if you are buying a home with a USDA Home Loan, you will need to have a commitment in hand from USDA by the …
“TOWNS” in NC Due to Lose USDA RD Program
Currently, every County in NC is eligible for USDA Home Loan Financing. The USDA RD Program (which covers home loans in Rural parts of NC) was originally subject to change on December 1, 2014. That …
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FHA Loans and Septic Field Requirements in NC
Because of all of the changes coming to the USDA Maps in NC - we are getting inquiries from folks who are going to use a FHA Loan for a home that is in a more rural setting. Many of these homes do …
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USDA Loan Private Road Agreements in NC
The USDA Home Loan Program in NC adopted the HUD Handbook for Property Evaluations in 2009. With that adoption of the FHA minimum Property standards - the USDA Appraisers no longer need to calculate …
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PMI Guidelines for High Ratio Borrowers
MANY First Time Home Buyers in NC are now using the Conventional Fannie Mae Home Ready program to purchase a home. So many, in fact that for the first time in decades, FHA is no longer commanding a …
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How To Buy A House From A Family Member
When you are purchasing a home from a family member - then there are some extra hoops that you have to jump through. With FHA, the rules on how to buy a house from a family member allow us to loan …
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