Tag: USDA

Social Security disability income protects individuals no longer able to work at the same prior level.  In the past lenders had difficulty in meeting a mortgage loan approval.  This requirement included proof that the income “should” continue for at least 3 more years from closing.  But now this practice is not allowed as per the […]

One of the most popular questions we hear is what kind of programs are there with 100% financing and the answer has been VA and USDA.  But now, NC Housing Finance Agency has the NC Home Advantage Down Payment Assistance program.  NC first time or move up buyers may finance 100% or more financing when purchasing a primary residence […]

Limited Credit and Looking for No Money Down? We just recently closed a USDA loan for a buyer that only had one credit trade line reporting on the credit report. The buyer had 3 credit scores with a middle of over 660 and no bad credit. We were able to receive an automated pre-approval through […]

Maybe we are biased by living and working in the area, but Brunswick County offers such variety on the coast of NC.  Just a quick look will see the facts prove it true though.  Choices include living at the beach, championship level golf communities, peaceful island life, country roads, or living just outside Wilmington.  Ok, maybe […]

Knowing Seller Paid Closing Cost Limits is Important FHA, VA, USDA, and Conventional loans allow seller paid closing costs to a limit and it is important to know the limits Often buyers either want or need to have seller paid closing costs in order to include part or all of their costs into their mortgage.  Seller paid costs can help […]

SC USDA Status Hotline USDA loans are unlike other types of loans.  Normally lenders underwrite a file without review from an agency.  USDA requires an extra step after the lender underwriting process.  Next comes the USDA eligibility review and commitment.  Over the years, we have seen the review and commitment process vary from a day to over 30 days for USDA to review SC […]

NC USDA Status Hotline USDA loans are unlike other types of loans.  Normally lenders underwrite a file without review from an agency.  USDA requires an extra step after the lender underwriting process.  Next comes the USDA eligibility review and commitment.  Over the years, we have seen the review and commitment process vary from a day to over 30 days for USDA to review NC […]

We see this misunderstanding of condo versus townhome more than any other property types as a lot of listings will call the property a condo/townhome and there is no such thing. Understanding this difference  between a condo and a townhouse is very important for buyers, sellers, and their agents! Condo characteristics: The owner owns only the […]

We Understand a Pastor’s Nontaxable Income You are going to say “Amen, it’s about time someone understands my income!”.  Because our team fully understands how the pastor housing allowance may be counted for mortgage loans.  So whether you are a pastor, priest, or reverend, often you receive nontaxable income. But the problem is that lenders won’t count a large portion of […]

Columbia SC’s housing market offers so much to a wide range of buyers.  Whether you are a first time buyer, moving up, or retiring in this area, Columbia offers so much.  Major employers include University of South Carolina and Fort Jackson.  Our USDA loans Columbia SC offer very affordable, fixed payments with the luxury of 100% financing.  […]

Jacksonville NC is home to Camp Lejeune Marine Corps Base, which the city depends on heavily for its thriving economy.  VA loans are the most common mortgage used to purchase a home because of the high number of military and veterans.  But USDA Loans Jacksonville NC offer very affordable, fixed payments with the luxury of […]

Fayetteville NC is home to Fort Bragg which is the largest military base in the world.  It is home to the Airborne and Special Operations Forces of the U.S. Army.  So obviously the local economy depends heavily on the military base and the families it supports.  Because it is a heavy military area, VA loans […]

No matter where you go, everyone knows about Myrtle Beach.  The draw of the ocean, golf, sunshine, and tons of entertainment, gives you quite the experience!  So it is obvious why Myrtle Beach is a great place to live.  Now, let us show how to buy a home with no money down.  USDA Loans Myrtle […]

Yes, there is a great mortgage option to buy a home in Wilmington with no money down.  Our USDA loans Wilmington 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 […]

From 2008 through 2016 many homeowners suffered great financial difficulties.  On top of situations such as job loss and medical issues, many home values decreased dramatically.  Therefore homeowners were not able to sell their home since they were underwater.  This is why a short sale was so popular during this period.  Lenders basically agree to […]