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
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
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 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
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
Check out this success story and it is a little known advantage for licensed Real Estate Agents. Actually a Realtor commission may be used as down payment for the purchase of their own home. Although normally lenders are required to prove down payment in t... Read More
New FHA guidelines effective 9/14/15 Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the new guideline language which replaces the prior rules often because the prior rules were... Read More
Fairly often we receive questions about FHA heat source requirements. So recently we received one of the more popular questions from a real estate agent. “Does a wood burning stove meet the FHA heat source requirements?” Basically, can a buyer use... Read More
FHA Changes FHA recently changed a lot of their guidelines on 9/14/2015. So we will provide the game plan to navigate minor tweaks to big FHA changes. Below are answers to FHA FAQ’s Is a borrower eligible if they have a delinquent federal debt but have ... 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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