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 …
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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Condominium Loans and FHA Mortgage Changes
FHA announced new guidelines that will effect Condominiums beginning this fall. With their mortgagee letter, HUD (which governs the FHA Mortgage Loan program) changes the Spot Approval process, so …
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First Time Home Buyer Tips!
If you are a First Time Home Buyer, the government recently initiated a program that could help you! First Time Home Buyers have many loan program options. If you, or your spouse, are a Veteran …
Rental Income and FHA
FHA announced new guidelines for those who are going to rent their residence - and then apply for a FHA loan. The "old" rule has always been that if you were relocating, you could "hold" more than 1 …
