FHA changed it's underwriting criteria for mortgage loan approval earlier this month. The changes are designed to limit the AUS approvals of borrowers with lower credit scores, high debt ratio …
Can You Rent Out Your Primary Residence?
Homes in NC are appreciating in Metro areas at a rate of more than 4% right now, according to Trulia. For folks who own a home, who are thinking they might like to buy another one - it could be a …
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Refinance Options For FHA Mortgages
If you currently have an FHA Mortgage, we might want to peak and see if you're eligible for an FHA Streamline Refinance. This is a great program, that differs GREATLY from other mortgage programs! …
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Examples of People Who Bought A House
Someone asked me to write a Real Life Example of people who bought a house. We close over 50 loans most months, so that's a pretty wide open request. I'm going to take 3 real life examples of what …
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Structural Requirements for FHA Loans
FHA Appraisers have certain requirements that go above those required of a Conventional Appraiser. Because of that, FHA Appraisals are more detailed, and are usually at least $50 or more …
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Inspection Report Requirements
When you buy a house, you might be in a situation where you need a Pest Inspection (look for termites), a Septic Inspection, or a Well Inspection. Sometimes, these costs can be included in the …
