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 …
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Tiered Pricing and FHA Loans
There are many many rules that define who many discount points we can charge, or how much money we can earn in commissions in North Carolina. But FHA has ADDITIONAL rules regarding pricing. FHA's …
FHA Streamline FHA Maximum Loan Amount details…
The DEVIL is in the details! On an FHA Streamline Refinance (we're doing a ton of these right now!) we found some new (to us) information: Note: Headquarter Decision allows Streamline …
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Can You Qualify For A Mortgage If You are Not Married??
If you found this post, you have a very specific question, and the very SHORT answer, is PROBABLY. Exactly what type of mortgage you get, is a slightly more detailed answer! VA LOANS: VA says …
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Applications for FHA / VA/ USDA Mortgages Up!
According to the Mortgage Banker's Association in Washington, DC, the applications for "Government" backed loans is MUCH higher than for any other segmant in the market. Traditionally, if you were …
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