The USDA Home Loan program is one of the most utilized loans available – for those who qualify. The qualification process for these loans, however, has gotten a little harder in 2018, and they’ve issued some subtle, but important USDA Home Loan Guideline Updates. General USDA Home Loan Guidelin
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07/31/2018
There’s a mortgage program that has been very popular in Western Wake County that requires no down payment, and it is offered by USDA. It’s designed for “Rural Areas,” and is offered as a way to spur growth in those more traditionally rural parts of our state. In Holly Springs, Fuquay Varina, K
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06/07/2018
FHA Appraisers have certain requirements that go above those required of a Conventional Appraiser. Because of that, FHA Appraisals are more detailed, and are usually at least $50 or more expensive. Structural Requirements for FHA Loans means that the Appraiser must note that the Utilities are on
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05/22/2018
“Millennials have long been called the next wave of home buyers.” I don’t know why this is “shocking” because the US Housing Market has always relied on First Time Home Buyers coming into the market to help everybody else move up, or downsize. First time home buyers comprised 38 percent of singl
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04/16/2018
When you are purchasing a home from a family member – then there are some extra hoops that you have to jump through. With FHA, the rules on how to buy a house from a family member allow us to loan you up to 96.5%, as long as the borrower has been renting the property (literally paying rent, not
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04/03/2018
MANY First Time Home Buyers in NC are now using the Conventional Fannie Mae Home Ready program to purchase a home. So many, in fact that for the first time in decades, FHA is no longer commanding a large share of this unique market. Why is that happening? In part it is because Conventional Loa
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03/20/2018
Many people who are just plain tired of renting a home near ECU are looking for a way to take advantage of the historic low mortgage and they are trying to get the lowest price on a home. If you don’t have a job yet, that might seem impossible – but the FHA Loan program offers the option of havi
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03/06/2018
There are so many people in NC looking for homes right now that have a “side hustle.” They might bee working at Verizon, but during their off time, they are also Lyft Drivers. If they’ve done this for a few years, we might be able to use that additional income. So the questions we are going to t
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03/01/2018
A lot of our clients are looking for a home with a front porch swing, away from all the hustle and bustle they encounter during their daily travels. That’s why the USDA Home Loan Program has been so perfect, because in NC, it doesn’t take much time at all to be smack dab in the middle of some Cou
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02/13/2018
We are closing a loan this week for a hard-working young man who wanted to buy a home for his family. He did a ton of Research, and had many great questions. But, he started with, “Can a DACA Buy A House in NC?” Which kind of blew us away, because I’d always assumed everyone understood how this
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02/06/2018
