Tag: USDA home loans

USDA Rural Development home loans are one of the most misunderstood and overlooked home loans. Many wrongly believe the USDA income limits are really low, which is way wrong. Plus, it isn’t just for really rural or small homes. Actually, most properties in America are eligible and loans can even exceed $400,000. Therefore, USDA loans offer […]

Spartanburg SC’s housing & job market offers so much to a wide range of buyers.  Whether you are a first time buyer, moving up, or retiring in this area, Spartanburg offers so much.  Our USDA loans Spartanburg SC offer very affordable, fixed payments with the luxury of 100% financing.  We love to help buyers in qualifying for this great no money down […]

Greenville SC’s housing & job market offers so much to a wide range of buyers.  Whether you are a first time buyer, moving up, or retiring in this area, Greenville offers so much.  One trip here and you will be captured by the beauty of the foothills location!  Our USDA loans Greenville SC offer very affordable, fixed payments with the […]

Yes, there is a great mortgage option to buy a home around Raleigh with no money down.  Our USDA loans Raleigh NC offer very affordable, fixed payments with the luxury of 100% financing.  Don’t think of USDA as just an option to buy a home in the country.  As you will see in the map below, […]

USDA Commitment Done Right! We love USDA loans!  Not only are buyers able to purchase with no money down, but it is flexible on credit.  On top of this, USDA just made homeownership more affordable effective 10/1/16!  This was accomplished by USDA drastically lowering the guarantee fee and the monthly mortgage insurance.  Now check out […]

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 sections which are typically manufactured in a controlled, high tech facility and are delivered to […]

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 sections which are typically manufactured in a controlled, high tech facility and are delivered to […]

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 REFUND.  The National Association of Home Builders estimates that deducting MI premiums […]

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 Should Know: 54% of first time buyers are married, 18% are […]

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 have been on hold for funding USDA loans until today. USDA just announced a few hours ago that Fiscal Year […]

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 if everyone waited for a 2% reduction, so many could lose out […]

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 ($15,000 DPA funds).  In addition, this program offers 0% interest and has no required payments.  But guess what???  It is FULLY FORGIVEN AFTER 5 ONLY YEARS! Most […]

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: 2015-2016 College of Distinction by Colleges of Distinction 30 Most Beautiful Coastal […]

Low down payment options for today’s buyers is a popular concern among other areas.  In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership.  So far in previous weeks, we have discussed how to solve Limited or bad credit No down payment Not having a budget Documenting rent history […]

Rent Tips to Buy a First Home In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership.  So far we have discussed how to solve limited or bad credit, no down payment, and not having a budget.  Therefore, lets discuss overcoming Roadblock #4.  Not being able to document rent or housing history […]

No to Low Down Payment Options In the last article we talked about credit and today we are providing solutions to the # 2 roadblock mentioned for first time buyers.  This article explains solutions of low down payment options for buyers that have no or little money for down payment or reserves. To solve this popular issue, let’s talk today […]

Mortgage Approval Credit Requirements Step by Step Picture this scenario:  A happy couple or individual has never purchased a home and would love to be homeowners in the future, BUT doesn’t know the mortgage approval credit requirements.  In addition the future homeowner may have other common roadblocks such as… *  There is not a lot of credit […]

Providing the most helpful tips for buyers, realtors, homeowners, and the public in general is the main purpose of our blogs.  They are written about real world mortgage loan scenarios and we hope that these blogs provide education to our readers. Best of the Best Blogs: New 100% products with higher down payment assistance with zero […]

Purchase Mortgage Checklist Providing complete and accurate information to your mortgage lender up-front is paramount.  Using this mortgage checklist will help in the following ways. on-time closing Accurate pre-approval Quicker underwriting times More confidence in purchasing a home This mortgage checklist includes common items necessary to process your mortgage loan.  Although keep in mind that […]

Sellars Cove Condos, VA and USDA Financing Approved Sellars Cove Condos, which are located at Condo Club Drive, Wilmington, NC 28412, are currently approved for VA & USDA financing.  Many are not aware that many condos are more difficult to finance than regular homes.  Though, our team  has experience with lending for Sellars Cove Condos for VA & USDA loans.  Sellars […]

USDA Rural Development Home Loans help buyers purchase a home with no down payment required.  In addition to no down payment, it has recently become even more affordable.  The recent reduction in the USDA funding fee and monthly payment is helping prospective home buyers tremendously.  In addition to normal underwriting conditions, there is a USDA […]