FHA HOME LOAN ADVANTAGES , North Carolina, South Carolina 

      Did you know, the FHA home loan provides more security to homeowners than ANY other mortgage program today. In cases of financial difficulty, you have a higher probability of NOT losing your home if you have an FHA home loan Vs. having a conventional or Sub-Prime mortgage loan. Plus, all FHA home loans are FULLY assumable, adding one more layer of protection for you and your family!

Minimal Down Payment and Closing Costs.

· Down payment less than 3% of Sales Price and 100% Financing options available

· Gift for down payment and closing costs are allowed up to 6% of Sales price.

· No reserves or savings required.

· Easy Credit Qualifying Guidelines

· No minimum FICO score or credit score requirements.

· FHA will allow a home purchase 2 years after a Bankruptcy.

· FHA will allow a home purchase 3 years after a Foreclosure.

Apply for an FHA loan Today Vsit http://www.fhahomeloanmortgage.com/


http://fhamortgageprograms.com/ also known as 1st Continental Mortgage a company is dedicated to spreading the word about the benefits of the FHA mortgage programs available to first time homebuyers. With the sub prime market in turmoil and many lenders tightening up guidelines many mortgage companies are going back to the basics. Not only is the FHA mortgage easy to qualify for but there are many advantages to the program that the average American in unaware of.
FHA mortgages are less expensive and easier for the first time homebuyer to qualify for. The program was created to help to increase homeownership in the United States. FHA program makes buying a home easier and less expensive than other types of real estate mortgage Programs. Some examples include,
Federal Housing Administration is a government program overseen by Housing and Urban Development (HUD) to help low to moderate income to help Americans to obtain FHA mortgage loan on a 1-4 unit home.

Income Requirements for an FHA Mortgage Loan:
There is no minimum income requirement to obtain an FHA mortgage Insurance, however, FHA would like to see steady income for at least 2 years, and demonstrate a consistently payment history.

Debt-to-Income Ratio:
The FHA allows you to use 31% of your gross monthly income towards housing costs and 43% towards housing expenses reflected on your credit report. With a conventional loan the debt to income rations allows only 28% toward housing and 36% towards housing expenses and other debt. These requirements are not etched in stone and buyers can exceed these ratios if, you have a large down payment, have substantial cash reserves and other means to satisfy the mortgage payments.

Down Payment:
In order to qualify for an FHA mortgage you must have a down payment of at least 3% of the purchase price of the home. These funds can come from a friend, family member or a non profit.


For more questions on FHA home loans visit our frequently asked questions at
http://www.fhamortgageprograms.com/faq/fha.shtml


North Carolina, FHA  Lending Limits

North Carolina FHA Limits

MSA Name County Name One - Family Two - Family Three - Family
BURLINGTON, NC (MSA) ALAMANCE $200,160 $256,248 $309,744
HICKORY - LENOIR - MORGANTON, NC (MSA) ALEXANDER $200,160 $256,248 $309,744
NON-METRO ALLEGHANY $200,160 $256,248 $309,744
CHARLOTTE - GASTONIA - CONCORD, NC - SC (MSA) ANSON $230,470 $259,582 $315,380
NON-METRO ASHE $200,160 $256,248 $309,744
NON-METRO AVERY $200,160 $256,248 $309,744
WASHINGTON, NC (MICRO) BEAUFORT $200,160 $256,248 $309,744
NON-METRO BERTIE $200,160 $256,248 $309,744
NON-METRO BLADEN $200,160 $256,248 $309,744
WILMINGTON, NC (MSA) BRUNSWICK $230,375 $259,475 $315,250
ASHEVILLE, NC (MSA) BUNCOMBE $230,375 $259,475 $315,250
HICKORY - LENOIR - MORGANTON, NC (MSA) BURKE $200,160 $256,248 $309,744
CHARLOTTE - GASTONIA - CONCORD, NC - SC (MSA) CABARRUS $230,470 $259,582 $315,380
HICKORY - LENOIR - MORGANTON, NC (MSA) CALDWELL $200,160 $256,248 $309,744
ELIZABETH CITY, NC (MICRO) CAMDEN $200,160 $256,248 $309,744
MOREHEAD CITY, NC (MICRO) CARTERET $218,500 $256,248 $309,744
NON-METRO CASWELL $200,160 $256,248 $309,744
HICKORY - LENOIR - MORGANTON, NC (MSA) CATAWBA $200,160 $256,248 $309,744
DURHAM, NC (MSA) CHATHAM $237,500 $267,500 $325,000
NON-METRO CHEROKEE $200,160 $256,248 $309,744
NON-METRO CHOWAN $200,160 $256,248 $309,744
NON-METRO CLAY $200,160 $256,248 $309,744
SHELBY, NC (MICRO) CLEVELAND $200,160 $256,248 $309,744
NON-METRO COLUMBUS $200,160 $256,248 $309,744
NEW BERN, NC (MICRO) CRAVEN $200,160 $256,248 $309,744
FAYETTEVILLE, NC (MSA) CUMBERLAND $200,160 $256,248 $309,744
VIRGINIA BEACH - NORFOLK - NEWPORT NEWS, VA - NC (MSA) CURRITUCK $313,500 $353,100 $429,000
KILL DEVIL HILLS, NC (MICRO) DARE $349,600 $393,760 $478,400
THOMASVILLE - LEXINGTON, NC (MICRO) DAVIDSON $200,160 $256,248 $309,744
WINSTON - SALEM, NC (MSA) DAVIE $200,160 $256,248 $309,744
NON-METRO DUPLIN $200,160 $256,248 $309,744
DURHAM, NC (MSA) DURHAM $237,500 $267,500 $325,000
ROCKY MOUNT, NC (MSA) EDGECOMBE $200,160 $256,248 $309,744
WINSTON - SALEM, NC (MSA) FORSYTH $200,160 $256,248 $309,744
RALEIGH - CARY, NC (MSA) FRANKLIN $224,200 $256,248 $309,744
CHARLOTTE - GASTONIA - CONCORD, NC - SC (MSA) GASTON $230,470 $259,582 $315,380
NON-METRO GATES $200,160 $256,248 $309,744
NON-METRO GRAHAM $200,160 $256,248 $309,744
NON-METRO GRANVILLE $200,160 $256,248 $309,744
GREENVILLE, NC (MSA) GREENE $200,160 $256,248 $309,744
GREENSBORO - HIGH POINT, NC (MSA) GUILFORD $200,160 $256,248 $309,744
ROANOKE RAPIDS, NC (MICRO) HALIFAX $200,160 $256,248 $309,744
DUNN, NC (MICRO) HARNETT $200,160 $256,248 $309,744
ASHEVILLE, NC (MSA) HAYWOOD $230,375 $259,475 $315,250
ASHEVILLE, NC (MSA) HENDERSON $230,375 $259,475 $315,250
NON-METRO HERTFORD $200,160 $256,248 $309,744
FAYETTEVILLE, NC (MSA) HOKE $200,160 $256,248 $309,744
NON-METRO HYDE $200,160 $256,248 $309,744
STATESVILLE - MOORESVILLE, NC (MICRO) IREDELL $200,160 $256,248 $309,744
NON-METRO JACKSON $200,160 $256,248 $309,744
RALEIGH - CARY, NC (MSA) JOHNSTON $224,200 $256,248 $309,744
NEW BERN, NC (MICRO) JONES $200,160 $256,248 $309,744
SANFORD, NC (MICRO) LEE $200,160 $256,248 $309,744
KINSTON, NC (MICRO) LENOIR $200,160 $256,248 $309,744
LINCOLNTON, NC (MICRO) LINCOLN $200,160 $256,248 $309,744
NON-METRO MACON $200,160 $256,248 $309,744
ASHEVILLE, NC (MSA) MADISON $230,375 $259,475 $315,250
NON-METRO MARTIN $200,160 $256,248 $309,744
NON-METRO MCDOWELL $200,160 $256,248 $309,744
CHARLOTTE - GASTONIA - CONCORD, NC - SC (MSA) MECKLENBURG $230,470 $259,582 $315,380
NON-METRO MITCHELL $200,160 $256,248 $309,744
NON-METRO MONTGOMERY $200,160 $256,248 $309,744
SOUTHERN PINES - PINEHURST, NC (MICRO) MOORE $200,160 $256,248 $309,744
ROCKY MOUNT, NC (MSA) NASH $200,160 $256,248 $309,744
WILMINGTON, NC (MSA) NEW HANOVER $230,375 $259,475 $315,250
ROANOKE RAPIDS, NC (MICRO) NORTHAMPTON $200,160 $256,248 $309,744
JACKSONVILLE, NC (MSA) ONSLOW $232,750 $262,150 $318,500
DURHAM, NC (MSA) ORANGE $237,500 $267,500 $325,000
NEW BERN, NC (MICRO) PAMLICO $200,160 $256,248 $309,744
ELIZABETH CITY, NC (MICRO) PASQUOTANK $200,160 $256,248 $309,744
WILMINGTON, NC (MSA) PENDER $230,375 $259,475 $315,250
ELIZABETH CITY, NC (MICRO) PERQUIMANS $200,160 $256,248 $309,744
DURHAM, NC (MSA) PERSON $237,500 $267,500 $325,000
GREENVILLE, NC (MSA) PITT $200,160 $256,248 $309,744
NON-METRO POLK $200,160 $256,248 $309,744
GREENSBORO - HIGH POINT, NC (MSA) RANDOLPH $200,160 $256,248 $309,744
ROCKINGHAM, NC (MICRO) RICHMOND $200,160 $256,248 $309,744
LUMBERTON, NC (MICRO) ROBESON $200,160 $256,248 $309,744
GREENSBORO - HIGH POINT, NC (MSA) ROCKINGHAM $200,160 $256,248 $309,744
SALISBURY, NC (MICRO) ROWAN $200,160 $256,248 $309,744
FOREST CITY, NC (MICRO) RUTHERFORD $200,160 $256,248 $309,744
NON-METRO SAMPSON $200,160 $256,248 $309,744
LAURINBURG, NC (MICRO) SCOTLAND $200,160 $256,248 $309,744
ALBEMARLE, NC (MICRO) STANLY $200,160 $256,248 $309,744
WINSTON - SALEM, NC (MSA) STOKES $200,160 $256,248 $309,744
MOUNT AIRY, NC (MICRO) SURRY $200,160 $256,248 $309,744
NON-METRO SWAIN $200,160 $256,248 $309,744
BREVARD, NC (MICRO) TRANSYLVANIA $200,160 $256,248 $309,744
NON-METRO TYRRELL $200,160 $256,248 $309,744
CHARLOTTE - GASTONIA - CONCORD, NC - SC (MSA) UNION $230,470 $259,582 $315,380
HENDERSON, NC (MICRO) VANCE $200,160 $256,248 $309,744
RALEIGH - CARY, NC (MSA) WAKE $224,200 $256,248 $309,744
NON-METRO WARREN $200,160 $256,248 $309,744
NON-METRO WASHINGTON $200,160 $256,248 $309,744
BOONE, NC (MICRO) WATAUGA $200,160 $256,248 $309,744
GOLDSBORO, NC (MSA) WAYNE $200,160 $256,248 $309,744
NORTH WILKESBORO, NC (MICRO) WILKES $200,160 $256,248 $309,744
WILSON, NC (MICRO) WILSON $200,160 $256,248 $309,744
WINSTON - SALEM, NC (MSA) YADKIN $200,160 $256,248 $309,744
NON-METRO YANCEY $200,160 $256,248 $309,744

South Carolina FHA Lending LImits

 

South Carolina FHA Limits

MSA Name County Name One - Family Two - Family Three - Family
NON-METRO ABBEVILLE $200,160 $256,248 $309,744
AUGUSTA - RICHMOND COUNTY, GA - SC (MSA) AIKEN $200,160 $256,248 $309,744
NON-METRO ALLENDALE $200,160 $256,248 $309,744
ANDERSON, SC (MSA) ANDERSON $200,160 $256,248 $309,744
NON-METRO BAMBERG $200,160 $256,248 $309,744
NON-METRO BARNWELL $200,160 $256,248 $309,744
HILTON HEAD ISLAND - BEAUFORT, SC (MICRO) BEAUFORT $284,050 $319,930 $388,700
CHARLESTON - NORTH CHARLESTON, SC (MSA) BERKELEY $254,125 $286,225 $347,750
COLUMBIA, SC (MSA) CALHOUN $200,160 $256,248 $309,744
CHARLESTON - NORTH CHARLESTON, SC (MSA) CHARLESTON $254,125 $286,225 $347,750
GAFFNEY, SC (MICRO) CHEROKEE $200,160 $256,248 $309,744
CHESTER, SC (MICRO) CHESTER $200,160 $256,248 $309,744
NON-METRO CHESTERFIELD $200,160 $256,248 $309,744
NON-METRO CLARENDON $200,160 $256,248 $309,744
WALTERBORO, SC (MICRO) COLLETON $200,160 $256,248 $309,744
FLORENCE, SC (MSA) DARLINGTON $200,160 $256,248 $309,744
DILLON, SC (MICRO) DILLON $200,160 $256,248 $309,744
CHARLESTON - NORTH CHARLESTON, SC (MSA) DORCHESTER $254,125 $286,225 $347,750
AUGUSTA - RICHMOND COUNTY, GA - SC (MSA) EDGEFIELD $200,160 $256,248 $309,744
COLUMBIA, SC (MSA) FAIRFIELD $200,160 $256,248 $309,744
FLORENCE, SC (MSA) FLORENCE $200,160 $256,248 $309,744
GEORGETOWN, SC (MICRO) GEORGETOWN $200,160 $256,248 $309,744
GREENVILLE, SC (MSA) GREENVILLE $223,851 $256,248 $309,744
GREENWOOD, SC (MICRO) GREENWOOD $200,160 $256,248 $309,744
NON-METRO HAMPTON $200,160 $256,248 $309,744
MYRTLE BEACH - CONWAY - NORTH MYRTLE BEACH, SC (MSA) HORRY $217,550 $256,248 $309,744
HILTON HEAD ISLAND - BEAUFORT, SC (MICRO) JASPER $284,050 $319,930 $388,700
COLUMBIA, SC (MSA) KERSHAW $200,160 $256,248 $309,744
LANCASTER, SC (MICRO) LANCASTER $200,160 $256,248 $309,744
GREENVILLE, SC (MSA) LAURENS $223,851 $256,248 $309,744
NON-METRO LEE $200,160 $256,248 $309,744
COLUMBIA, SC (MSA) LEXINGTON $200,160 $256,248 $309,744
NON-METRO MARION $200,160 $256,248 $309,744
BENNETTSVILLE, SC (MICRO) MARLBORO $200,160 $256,248 $309,744
NON-METRO MCCORMICK $200,160 $256,248 $309,744
NEWBERRY, SC (MICRO) NEWBERRY $200,160 $256,248 $309,744
SENECA, SC (MICRO) OCONEE $200,160 $256,248 $309,744
ORANGEBURG, SC (MICRO) ORANGEBURG $200,160 $256,248 $309,744
GREENVILLE, SC (MSA) PICKENS $223,851 $256,248 $309,744
COLUMBIA, SC (MSA) RICHLAND $200,160 $256,248 $309,744
COLUMBIA, SC (MSA) SALUDA $200,160 $256,248 $309,744
SPARTANBURG, SC (MSA) SPARTANBURG $200,160 $256,248 $309,744
SUMTER, SC (MSA) SUMTER $200,160 $256,248 $309,744
UNION, SC (MICRO) UNION $200,160 $256,248 $309,744
NON-METRO WILLIAMSBURG $200,160 $256,248 $309,744
CHARLOTTE - GASTONIA - CONCORD, NC - SC (MSA) YORK $230,470 $259,582 $315,380

 

For More information on Mortgages Visit http://www.FHAhomeloanmortgage.com

 

  

Mark Richards

Salkehatchie, SC

More about me…

1st Continental Mortgage

Office Phone: (954) 391-8387

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