With the problems of lower values in Real Estate across the country – we talk to folks daily who left a home in some other area, came to North Carolina for a job…. and now want to buy a house.
The only problem for these folks is typically one of CASH for the down payment! There are two great programs available for no money down home loans, 100% mortgages in NC.
What if you make a Downpayment
VA Guarantee Fee (VA’s version of PMI)
VA Home Loans and Credit Scores
In addition to these 2 great programs, you can get gifts for down payments, add a non-occupying co-borrower, or get a 3% grant from the State of NC if you qualify! These First Time Home Buyer programs, with the FHA and Fannie Mae financing make buying a home with No Money Down Home Loans easy!
If your family is one of the families who moved here after a foreclosure or short sale, we totally understand. We’ve helped hundreds of folks in this situation. Every picture is different, but in general, USDA Home Loans require 3 years from the date of the Foreclosure. FHA and VA have a shorter period of waiting.
If you have questions about purchasing a home in Raleigh, or about either one of these loan programs, call Steve and Eleanor Thorne, 919 649 5058 Cary, NC… NC Experts on Government Financing… Plus, we have the Best Rates!
I try and answer all questions :)