FHA Loans Wilmington NC You may have heard in the news that many larger lenders and banks have withdrawn from FHA loans .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
Public Water Connection little known rule that can kill a closing! Hopefully you have never been caught off-guard by this little known Public Water FHA rule. It can add a large unexpected cost to a purchase! Did you know that if a property is using a well for it... Read More
FHA 100 Mile Rule To have multiple FHA loans or use rental income on a departing residence, the FHA 100 mile rule must be followed Often buyers are relocating to a new area and 1) need a 2nd FHA loan for one of many reasons and/or 2) need to count the rent on th... Read More
FHA is a great way to finance manufactured homes Manufactured homes can offer low to moderate income families in NC, SC, and Virginia affordable housing. But, manufactured home lending is going to be more strict than most other property types. Higher forec... Read More
FHA PMI or MIP has been in the news in big ways over the last 3 years. There have been enhancements which helps buyers achieve home ownership easier. Plus the payments are more affordable. Recent Changes in FHA Costs The Federal Housing Administration decided in ... Read More
Income Based Repayment (IBR) and FHA Mortgages The problem many FHA buyers run into when buying a home is a high level of student loan debt Student loan debt levels are at a record high and continue to rise quickly. Coming out of college with a mountain of debt an... Read More
During tax season, refunds help so many become homeowners! Down payment is one of the biggest obstacles for prospective first time buyers to purchase a home. But during tax season, many tax payers have more funds than any other time of year. So there is no ... Read More
Off-Frame Modular, On-Frame Modular, or even Doublewide Home? A very popular question we receive from buyers and Realtors is, “How do I tell if a home is an off-frame or on-frame modular homes?” Looking at the outside and even walking inside of modula... Read More
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- New Tax Law Helps a First Time Home Buyer Purchase a More Affordable HomeDecember 27, 2017 - 8:19 pm
First Time Home Buyer Can Use New Tax Laws to Make a Home Purchase More Affordable There’s a lot of good numbers flying around these days about real estate! Existing home sales, new home construction, and other confidence numbers continue to rise. Actually a recent USA Today article stated, “homebuilder confidence hit the highest level in 18 years in […]
- Capital Gains Home Exclusion Rules Help Sellers ProfitDecember 22, 2017 - 5:55 am
The House and Senate income tax reform bills offer a lot of changes to many tax payers. Many are debating the pros versus cons of tax reform. Although, the main goal of the reform appears to be to help the American tax payers and further stimulate the economy. One area that had many in the real estate industry […]
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