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
There are so many reasons NOT to be a Cash Buyer Becoming a cash buyer is not easy and usually takes dedication over time. So it usually doesn’t happen overnight. Therefore, don’t put on the blinders and only consider paying all of that hard earned i... 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
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
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
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
NC FHA Loan Size Limits 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 $275,65... Read More
SC FHA Loan Size Limits 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 li... 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
2016 Fannie and Freddie loan size limits announcement The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan size limits for 2016 Fannie Mae and Freddie Mac loans will stay the same as 2015 except for increases in 39 high cost c... Read More
Check Out The Latest
- Mortgage Rates Trend and an Improving Economy – How it Impacts YouMarch 13, 2017 - 4:41 pm
It has started. You hear the buzz everywhere talking about the future of interest rates, economy, and real estate market. How many times will the Fed raise rates this year? Should I lock in a mortgage rate now? How is the job market doing? Are housing prices going up? No one has a crystal ball no […]
- What is a Private Road Maintenance AgreementMarch 7, 2017 - 9:13 am
Private roads. These 2 words can make Realtors cringe! Because agents know these words may cause some issues during the loan process. But there are solutions. So while looking for the perfect home, let’s say you come across the perfect one on a private road. “No big deal to me!” says the buyer. Well, private roads […]
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.