So many things seem to block saving for a down payment on a house. High rent payments, car repairs, hospital bills, plus other expenses get in the way. But, there is a special program which allows South Carolina buyers to become homeowners! It is called the d... Read More
The biggest misconception among renters is that a large down payment is necessary to buy a home. Then many will rent for an extended period thinking that a home purchase is unreachable. A recent article by Citylab, “The down payment is too ‘daggum... Read More
Financing rent to own homes is a popular topic. Are there reasons holding you back from buying a home now? Are you in a lease with option to buy contract and ready to purchase the home now? These are common topics we will thoroughly discuss. Before enterin... Read More
Are you buying a home from a family member? Family transactions may have pluses for both the buyer and seller. A major benefit to buyers is a gift of equity. So what is a gift of equity? It is a little known rule which allows equity in a family member’... Read More
FHA loans are well known for helping buyers obtain a very affordable house payment. Well FHA, one of the most popular loan programs, just became even cheaper because HUD lowered FHA PMI rates for the 2nd time in 2 years. The Federal Housing Administration will... Read More
Renovation Loans Create Dream Homes Think of all of the homes you search for that meet everything on the checklist. BUT what if the home does not meet lender condition requirements? Renovation loans help finance a purchase along with the home improvements desi... Read More
Private Well Minimum Distance Requirements for FHA Loans Private well requirements for FHA loans Most don’t realize that when using an FHA loan, there are some requirements in regards to distances away from areas for private wells. In reading the rules, you m... Read More
FHA Loans Wilmington NC You may have heard in the news that many larger lenders and banks have withdrawn from FHA loans . OVM Financial is still very active in helping buyers looking for the features offered by FHA. We love helping our local buyers get FHA Lo... Read More
Charge Off Mortgage Solutions You can buy a home with an old charge off on your credit Often a buyer may have gone through a period where there was a drop in income, took a while to find a job out of school, had a medical emergency, a divorce, or just didn’t un... Read More
Commission Income & Mortgages Commission Income Buyers Could Qualify for a Home in 1 Year! It happens all the time where someone builds up the nerves to venture from an hourly or salaried position into a full commission income job. Often, if the person is good... Read More
Check Out The Latest
- VA Jumbo Loan Down Payment Solution You Probably Did Not KnowJuly 28, 2017 - 6:32 am
VA loans may actually be the best home loan in the USA! Heck, even the world possibly! Although most VA loans are used for a no down payment purchase, it is also a very beneficial solution to buy a higher priced home. Each county in the U.S. has a VA loan limit. The good news is […]
- The Best Loan in America – VA Loans and VA Loan Down Payment SolutionsJuly 27, 2017 - 10:35 am
VA home loans are best known for providing Veterans and service members with a no down payment purchase option. Although, sometimes VA loans require a down payment. For instance, there could be a VA loan down payment required if a buyer would have two VA loans at once. Have two VA loans at once? Absolutely! It is very […]
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