USDA Now Only Requires 2 Credit References! Effective immediately, USDA has lowered the minimum credit requirement from 3 to 2 trade lines reporting 12 months USDA Guaranteed Rural Development loans require no money down, the rates are fixed for 30 years, have low co... Read More
Mortgage prequalification letters can be worthless words on a paper or it could close the deal! Nowadays just about every real estate agent requires that a buyer be prequalified prior to spending valuable time and money showing houses to a buyer. Some buyers s... Read More
2018 BAH Rates Increase Are you changing duty stations and relocating to a North Carolina base? Then, knowing the NC BAH rates will help military buyers budget for a house. BAH is a very key part of U.S. service members’ pay because it helps pay a housing ... Read More
2016 Military Housing (BAH) Rates for Service Members Increased on average 3.4% from 2015 Are you changing duty stations and relocating to a South Carolina base? Then, knowing the SC BAH rates / income will help military buyers budget for a house. BAH is a key pa... Read More
We continue to hear threats of axing the mortgage interest and PMI tax deductions. So what is the latest? Low to Middle level taxpayers take their tax deductions seriously and want everything possible that will lower their tax burden or better yet, increase their ... Read More
The Federal Housing Administration has announced the FHA loan size limits for 2017 in all areas of each state. The most popular level is for single family residences. Most of the NC FHA loan size limits increased from $271,050 to $275,650. But there are seve... Read More
The Federal Housing Administration or FHA, announced the 2017 SC FHA loan size limits in all areas of each state. Most of the SC FHA loan size limits increased from $271,050 to $275,650. But there are some counties which have higher limits. So make sure tha... Read More
Tom Fortune – OVM Marketing Director OVM Financial is continuing to grow its talented team at a rapid pace. Please join us in cordially welcoming our brand new Director of Marketing, Tom Fortune! Tom’s role will be to oversee the Marketing Department as we co... Read More
USDA funds are available for 10-1-2015 – 9-30-2016 USDA Finances 100% of your home purchase Each year after the USDA Rural Development fiscal year ends, USDA must have authorization for funds in order to fully guarantee the loans. Since October 1, 2015, we ha... Read More
TRID changes mortgage disclosures along with the process of disclosing, documenting, and closing a mortgage loan and everyone needs to know the new rules. If you are a Real Estate Professional, hopefully by now you are very familiar with the new regulation rules c... Read More
24/7 Prequal Hotline
Check Out The Latest
- 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 […]
find us here & there
Copyright © 2015 OVM Financial, All rights reserved. | OVMX; development by OVMX
The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.
The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency.
The views expressed on this post are mine and do not necessarily reflect the view of OVM Financial Inc,.
Not all products or services mentioned on this site may fit all people
OVMFinancial, Inc. is licensed by the Virginia State Corporation Commission/Bureau of Financial Institutions as a mortgage lender/mortgage broker, license # 3038, NMLS ID# 86788, (www.nmlsconsumeraccess.org). We lend in the following states: Virginia, North Carolina and South Carolina.