We've had TONS of calls this week from folks wanting to know if we still have money to lend for homes in the Triangle! YES! We even have 100% loans available. Unless you are a veteran - in which …
Calculating Downpayment on FHA
For many years we calculated FHA down payment by way of Acquisition Cost. Now... that's "out the window." With the new "revisions" we calculated a "straight" 3.5% as reflected in the Mortgagee …
DownPayment Assistance Possible
***** UPDATE****** NC Offers a 3% down payment assistance to those who qualify, and can be used with a USDA Home Loan, FHA, Home Loan for a Veteran or a Conventional Loan. (Down Payment Assistance …
HR 6694 and Downpayment Assistance
1/31/2010 Update - There's still no Downpayment Assistance Program Available in NC. The House Bill 6694, that was suppose to re-confirm Downpayment Assistance (it's gone as of 10/1/2008) has made …
North Carolina USDA Mortgage Loans Updated 2/2012
In NC, we have some big cities... but we get rural fast! I can't tell you how many people, dispite the cost of gas, who say, "I'm just lookin' for some land!" or "I can't stand those little 'Barbie …
Continue Reading about North Carolina USDA Mortgage Loans Updated 2/2012 →
Fannie Freddie Change and FHA/VA Loans
The Paulson announced takeover of Government Sponsored Mortgage Giants Fannie Mae (FNMA) and Freddie Mac (FHLMC) created a welcome stability and confidence in both the mortgage market and the money …
Continue Reading about Fannie Freddie Change and FHA/VA Loans →
