Many Condominium Projects in NC that were approved prior to 2011 have not had their approvals renewed. There are specific guidelines issued and documentation that needs to be updated for FHA …
$8000 Grant With FHA / Qualifying Requirements
Looking for a FHA Mortgage? FHA Mortgage Loans require a downpayment - but FHA offers TONS of options! For instance, you might qualify for a First Time Homebuyer $8,000 Grant with FHA that money can …
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FHA May Change Seller Contribution Limits
In 2010, FHA issued a fairly detailed document that outlined changes they felt were necessary to keep the Capital Requirements of the fund solvent. Those changes updated minimum credit scores …
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Refunds On FHA PMI – 2012
FHA Home Loans have been the "go to" mortgage product for many home buyers in North Carolina for years. Now that so many mortgage programs have tougher underwriting guidelines, we see the FHA Home …
Announcement: FHA PMI Changes on April 2012 and June 2012
FHA does not make mortgage loans, they do, however, insure the banks against default. So, FHA is basically an Insurance Company. Each entity buying FHA loans is insured against the borrower falling …
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The Different Kinds of Mortgage Insurance
Most folks want to avoid PMI... but they don't realize that they are happily paying a "kind" of mortgage insurance no matter what kind of loan they are getting! Mortgage Insurance is not the …
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