When the FHA Home Loan program in North Carolina went to a 3.5% down payment requirement in January of 2010, they made a few other subtle notices. One of those guideline changes had to do with cash …
Credit Scores and First Time Home Buyers!
How Credit Scores are calculated is changing, and the minimum scores required for mortgage loans are going HIGHER! It's important to know that Trans Union began making changes to the way they …
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FHA Condo Woes
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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