It's been rumored for several months that due to raising default rate - FHA was in "trouble." Last week, FHA made several announcements that will ROCK the mortgage lending world …
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FHA Qualifying with Rental Income
First off, it's important to remember that you can not use FHA financing to purchase Investment property. FHA loans are for PRIMARY residents only... but time being what they are, we are finding …
Why Look At FHA Versus Conventional Loan
FHA Mortgage loans have a TON of great things going for them, and if you qualifiy for one, it's often a better program than a Conventional Loan. Easier to Qualify: Because FHA insures your …
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USDA Home Loans, When Do You Need An Inspection
During the building of a new home, municipalities in North Carolina do routine Building Inspections to determine that construction meets "local building code." USDA Home Loans have their own …
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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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First Time Home Buyers Get $8000 in NC
With the new programs adopted by the Government, there's a great "gift" for First Time Homebuyers! It's a G-I-F-T from the Government, and unlike the $7500 credit given out in 2008, you do NOT …
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