NC Mortgage Experts https://ncfhaexpert.com First Time Home Buyer Tips, Best Mortgage Rates Wed, 21 Jun 2017 11:49:46 +0000 en-US hourly 1 https://wordpress.org/?v=4.8 41385201 VA Home Loan Quick Qualifying Guidelines https://ncfhaexpert.com/va-loans/va-home-loan-quick-qualifying-guidelines/ https://ncfhaexpert.com/va-loans/va-home-loan-quick-qualifying-guidelines/#respond Wed, 21 Jun 2017 11:49:45 +0000 https://ncfhaexpert.com/?p=17168 Just like USDA does not actually make USDA Home Loans, the Veteran’s Administration doesn’t make VA Home Loans.  The VA says they will partially “cover” the Lender, in the event the Veteran fails to make their payments. Because of that, many mortgage companies have their own (additional) guidelines for making VA Home Loans.  So that […]

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VA Loan Basic Qualifications in NC https://ncfhaexpert.com/va-loans/va-loan-basic-qualifications-nc/ https://ncfhaexpert.com/va-loans/va-loan-basic-qualifications-nc/#comments Tue, 20 Jun 2017 12:19:26 +0000 http://ncfhaexpert.com/?p=8698 We have so many soldiers and Veterans who have been stationed in North Carolina, or who are from here, that are ready to buy their first home! These Veterans are fortunate to qualify for a special Veteran Benefit, a VA loan. This program has lower PMI rates, and no required down payment in order to […]

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VA Loans for Disabled Vets https://ncfhaexpert.com/va-loans/va-loans-for-disabled-vets/ https://ncfhaexpert.com/va-loans/va-loans-for-disabled-vets/#respond Tue, 20 Jun 2017 08:52:12 +0000 http://ncfhaexpert.com/?p=4080 Disabled veterans  have some special benefits when it comes to getting a VA loan… and, you have a special place in our hearts.   We so appreciate your service, and we want to help you maximize your disability benefits so that it’s easier to close on your new home in North Carolina! While it is […]

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VA Loans For Same Sex Marriage Couples in NC https://ncfhaexpert.com/va-loans/va-loans-sex-marriage-couples-nc/ https://ncfhaexpert.com/va-loans/va-loans-sex-marriage-couples-nc/#respond Sun, 18 Jun 2017 21:49:14 +0000 http://ncfhaexpert.com/?p=7411 The Veterans Administration sent out notice that they would allow income to be treated the same for Same Sex Marriages, as they are for Opposite Sex Marriages.  This has been a long standing barrier to folks who want to buy a house in NC, using VA Loan Benefits – because often times the income of […]

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USDA Home Loan Maximum Income Requirements in NC https://ncfhaexpert.com/usda-loans/usda-home-loan-maximum-income-requirements-nc/ https://ncfhaexpert.com/usda-loans/usda-home-loan-maximum-income-requirements-nc/#comments Mon, 22 May 2017 13:15:36 +0000 http://ncfhaexpert.com/?p=14977 This information was updated based upon the new limits reported May of 2017.  Use this information to see if your family meets the USDA Loan requirements for maximum family income limits.  The table below shows the current 2017 USDA Home Loan Maximum Income Requirements in NC – and it is based upon the number of […]

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USDA Home Loan Maximum Income Requirements in NC https://ncfhaexpert.com/usda-loans/usda-home-loan-income-limits-nc/ https://ncfhaexpert.com/usda-loans/usda-home-loan-income-limits-nc/#respond Wed, 17 May 2017 18:38:59 +0000 http://ncfhaexpert.com/?p=14168 Use this information to see if your family meets the USDA Loan requirements for maximum family income limits.  The table below shows the current 2017 USDA Home Loan NC Income Limits for the state – and it is based upon the number of people who live in your household. In North Carolina we have portions […]

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One Borrower Has Income One Borrower Has Good Credit Scores https://ncfhaexpert.com/first-time-homebuyer/one-borrower-has-income-one-borrower-has-credit-score/ https://ncfhaexpert.com/first-time-homebuyer/one-borrower-has-income-one-borrower-has-credit-score/#comments Mon, 08 May 2017 11:14:01 +0000 http://ncfhaexpert.com/?p=907 When one borrower has income and the other borrower has good credit scores… there ARE options for purchasing a home. Look at the question we had yesterday: “We want to purchase a home, and I want to know if we can get it.  My husband currently has a mid credit score of 538,  and mine […]

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New HomeReady™ Conventional Mortgage in NC https://ncfhaexpert.com/first-time-homebuyer/homeready-conventional-mortgage-nc/ https://ncfhaexpert.com/first-time-homebuyer/homeready-conventional-mortgage-nc/#respond Sat, 06 May 2017 13:45:18 +0000 http://ncfhaexpert.com/?p=12499 The New HomeReady™ Conventional Mortgage in NC offers some exciting options for NC Home Buyers.  It really is one of the first Innovative Mortgage Programs we’ve seen designed since the Great Recession.  The program is thankfully vetted and is low risk for Lenders and Home Owners.  The best news is that it offers unique features […]

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Buying a House With Student Loans https://ncfhaexpert.com/first-time-homebuyer/buying-house-student-loans-deferment/ https://ncfhaexpert.com/first-time-homebuyer/buying-house-student-loans-deferment/#comments Fri, 05 May 2017 13:53:33 +0000 http://ncfhaexpert.com/?p=14234 I went to a mortgage conference last week, and one speaker (who is also an attorney) suggested that within this next Presidential Budget we would likely see the introduction of a new “breed” of mortgage loans.  These loans, according to the speaker, would have more than a 30 year term, and would be a combination loan […]

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Student Loan (IBR) and Mortgage Qualification https://ncfhaexpert.com/first-time-homebuyer/student-loan-ibr-mortgage-qualification-2014/ https://ncfhaexpert.com/first-time-homebuyer/student-loan-ibr-mortgage-qualification-2014/#comments Thu, 04 May 2017 13:35:44 +0000 http://ncfhaexpert.com/?p=8869 We’ve had a ton of questions from folks, looking for information about their Student Loans, and how the payments on the deferred student loans, and IBR Student Loan payments will be looked at when they are applying for a mortgage.  Unfortunately, these questions are pretty difficult to answer in any “broad” way…  because every mortgage […]

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