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 $275,650. But there are some counties which have higher limits. So make sure tha... Read More
Check out this success story and it is a little known advantage for licensed Real Estate Agents. Actually a Realtor commission may be used as down payment for the purchase of their own home. Although normally lenders are required to prove down payment in t... Read More
There are so many misconceptions or fears that first time buyers have these days and one of our primary goals is to educate this section of the market so the dream of home ownership can be achieved. 7 Statistics and Solutions About First Time Homebuyers You Shoul... Read More
New FHA guidelines effective 9/14/15 Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the new guideline language which replaces the prior rules often because the prior rules were... Read More
Fairly often we receive questions about FHA heat source requirements. So recently we received one of the more popular questions from a real estate agent. “Does a wood burning stove meet the FHA heat source requirements?” Basically, can a buyer use... Read More
FHA Changes FHA recently changed a lot of their guidelines on 9/14/2015. So we will provide the game plan to navigate minor tweaks to big FHA changes. Below are answers to FHA FAQ’s Is a borrower eligible if they have a delinquent federal debt but have ... Read More
When should I refinance? Refinancing a mortgage when rates are low can save homeowners thousands to tens of thousands of dollars over the life of the loan term. Too often everyone hears “You shouldn’t refinance unless you can save 2% in rate” and ... Read More
15000 Down Payment Assistance (DPA) – Wow! Close to FREE Money! First time buyers in Cabarrus, Cumberland, Guilford, Johnston, or Mecklenburg Counties have a great opportunity. These buyers may be eligible for the 15000 down payment assistance program ($... Read More
UNCW continues to rack up the awards lately and is growing in popularity. The University of North Carolina at Wilmington was once again named one of the best Southeastern schools. The award was given by the Princeton Review. Other recent awards include: 2015-20... 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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