Just Released North Carolina USDA Income Limits USDA Guaranteed Rural Housing Home Loans are an excellent choice for not only first time buyers but move-up buyers too. One of the biggest roadblocks to homeownership today is lack of down payment. But USDA loans g... Read More
USDA Funding Fee for 2016-2017 Announced Huge Decrease in the 2016-2017 USDA Funding Fee & Annual Fee! The USDA Funding Fee is a key part of the USDA home loan program and basically pays for the program. First, USDA mortgage loans are so popular (especially in... Read More
Understanding USDA Income Limits It is possible to make MORE than the USDA Household Income Limits So you have just learned about the benefits of a USDA loan and you get excited about being able to come to closing with no money down. BUT then you start looking at ... Read More
Student Loans and USDA Home Loans Student Loan Payments and their Impact in the Total Debt Ratio Student loan payments are such a burden to many Americans but they can also be very confusing when it comes to getting a mortgage. Payments can be deferred until a late... Read More
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
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
Can a buyer purchase a Modular Home using a USDA Rural Development Home Loan? Absolutely! We routinely lend USDA guaranteed home loans to build modular homes throughout NC, SC, and VA. Modular Homes are sectional, prefabricated houses that consist of two or more... Read More
What if, for one reason or another, you have very limited credit such as just one loan reporting paid on-time? Believe it or not! It is possible for a 1st Time Buyer to purchase a home with only one loan reporting on credit AND we actually just closed a No Money... Read More
You love your family, but do you want to live with them forever? Over the years, often because of the previous downturn in the economy, many younger adults have moved back into or never moved from the parents house. Getting out of the parents house can be d... Read More
Check Out The Latest
- Gift Letter for Mortgage: Requirements for Who, What, and How MuchSeptember 21, 2017 - 7:16 pm
Buying a home is the American dream for many and there are a lot of programs available to accomplish this dream. But what happens when the buyer needs a little extra funds in order to purchase? That is where a gift can be very beneficial. Although it is important to understand gift requirements such as […]
- Everything You Need to Know About Purchasing Rental PropertySeptember 14, 2017 - 9:47 am
Whether it is a vacation rental or long term rental, buying rental property could be a big step towards financial freedom. According to the National Association of Realtors, buying a rental or investment property actually accounts for approximately 20% of purchase transactions lately. A benefit for investors that are able to buy rentals is that […]
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