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Freddie Mac Non-Owner Occupied Co-Borrower Program NC

While Freddie Mac has allowed a non-occupying co-borrower to help a family member buy a house in NC – it’s been difficult to get these loans approved.  Even on a primary residence purchase transaction,...

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First Time Home Buyer Purchasing Plan

Many of the First Time Home Buyers we are talking to just want us to help them with a plan.  What makes sense to do during the 4 or 5 months prior to buying a house…  What kind of savings do you need,...

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NC Definition of First Time Home Buyer

We have some great first time home buyer programs in NC!  One of our favorite programs allows for credit scores of 600, another program provides a down payment assistance program of 3%! To qualify for...

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Mortgage Processing Times This Spring

Mortgage loan volume is up.  That means “mortgage processing times” (how long it takes to get loans through the system) are up.  As that time in processing and underwriting increases, so do stress...

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USDA Home Loans and Deferred Student Payments

People are moving to the Raleigh / Cary Metro area to go to one of the more than 20 Universities and Colleges we have in the area… and after graduation, they often stay in the Triangle because we have...

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Single Income First Home Buyer

We have a pretty big past customer base that consists of Single Female Home Buyers.  That surprises some folks we talk to, because the commercials and ads for real estate companies and mortgage...

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Benefits of FHA Mortgage Loans

FHA Mortgage Loans are one of the best mortgage loan programs available for folks purchasing a home in the Raleigh/ Cary Area because it serves so many needs!  They have low down payment features,...

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FHA and Non-Occupying Borrower in NC

Jaquitha called us today and wanted to know if her Aunt could help her buy a home in Rocky Mount.  Jaquitha is recently graduated from college, and she has a stack of Student Loans, but most of them...

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Deferred Student Loans FHA Mortgage in NC

The new FHA Loan Underwriting Handbook is now changing on 9/14/15.  With those changes (that had been scheduled for June) there are significant changes to Deferred Student Loans FHA Mortgage...

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Fannie Mae Update: Deferred Student Loans Conventional Mortgage

Fannie Mae is one of the “Big Dawgs” when it comes to Conventional Mortgage Loan Underwriting Guidelines.  If they say something will work, most lenders / banks will follow that lead and approve loans...

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Having More Than One FHA Loan

FHA Home Loans are a great program for home buyers looking for underwriting flexibility in NC.  Underwriting for the program actually encourages “Common Sense,” and previous credit issues, low down...

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FHA Mortgage Requirements Update 2015

FHA Mortgage Loans have traditionally been the easiest loans to qualify for, because they offer “understanding” forgiveness when it comes to previous credit issues, they allow common sense underwriting...

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FHA Loans in Greensboro NC

Lots of people love living in Greensboro, NC.  Greensboro is centrally located in the Central / Piedmont area of North Carolina.  This region of North Carolina is known as the Triad, which includes the...

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FHA Loans in Chapel Hill and Carrboro NC

Chapel Hill enjoys one of the highest income and educational family averages within the ”Triangle” region (The Research Triangle Park is a Tax Free Zone located between Durham, Chapel Hill and Raleigh,...

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Help Getting an FHA Loan in Wake Co.

FHA loan limits in 2016 are now $287,500 in Wake County to . They were scheduled to change in 2014, and the FHA Mortgage Raleigh NC went down to $280,600 staring 1/1/2014. Does that mean every loan...

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NC Definition of First Time Home Buyer

We have some great first time home buyer programs in NC!  One of our favorite programs allows for credit scores of 600, another program provides a down payment assistance program of 3%! To qualify for...

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FHA Loans Greenville NC

Many people who are just plain tired of renting a home near ECU are looking for a way to take advantage of the historic low mortgage and they are trying to get the lowest price on a home.  If you don’t...

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Authorized User Accounts and Credit Scores

One of the ways Credit Repair is done right now is by adding someone to a credit account that is in good standing as an Authorized User.  These Authorized User Accounts are also a good strategy for...

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FHA Condo Guidelines Changing

For many years it’s been down right difficult to purchase a condo using FHA as the financing program.  What makes that even more difficult is the fact that VA Home Loans and USDA Home Loans generally...

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Cash Deposit For A Mortgage Loan in NC

We’ve recently been working with some folks who just “happen” to have a ton of cash.  And obviously there’s no law that says you MUST KEEP YOUR MONEY IN A BANK… But when you are applying for a...

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