If you are considering a Refinance of your FHA Home Loan, like many folks in North Carolina, we need to talk about when you closed on your mortgage. Because FHA is really just a giant insurance …
FHA Streamline Refinance Documentation
We are getting tons of questions on this blog about FHA Streamline Refinances, how long it takes to close a FHA Streamline Refinance, what the FHA Streamline Refinance rates are... you get the …
Continue Reading about FHA Streamline Refinance Documentation →
FHA Seller Paid Closing Costs
So many people don't have a ton of cash available to purchase a home. Because of that, FHA is a perfect program! FHA only requires 3.5% in down-payment - and they allow for a gift for ALL of the …
FHA PMI Rates Going Lower in 2015?
FHA PMI Rates have gone up so many times since 2009 to cover losses - that we've lost count. The FHA PMI Rates are currently so high that it's cheaper (assuming you have good credit scores) to use a …
USDA Loan Future Eligibility Map December 2014
The USDA Home Loan Website that Real Estate Agents (read all of us) use is currently misleading. We've talked to 3 borrowers in the past week who thought they were writing offers on homes that would …
Continue Reading about USDA Loan Future Eligibility Map December 2014 →
FHA Seller Repairs Required
If you are interested in purchasing a distressed home, or one that's been foreclosed upon, it probably has some "deferred maintenance items" that need to be done. Getting the FHA Seller Repairs done …
