fha mortgage loan: Examples of People Who Bought A House
- 04/11/19 02:26 PM
Someone asked me to write a Real Life Example of people who bought a house. We close over 50 loans most months, so that’s a pretty wide open request. I’m going to take 3 real life examples of what some folks did to buy a house and see if that helps. I chose to write about First Time Home Buyers. All of them had to do something pretty remarkable to buy a house, but they DID IT. These folks are now home owners. If you have other scenarios you would like to see – please leave me a comment at the bottom! Mortgage Scenario … (1 comments)
Will A Government Shut Down Effect Mortgage Lending? Yes, it will slow us down, especially with Transcripts and Flood Insurance. Hopefully we are looking at just today so there won’t be a huge impact but if it is longer, here are some potential issues… • IRS transcripts – the IRS will not process transcript requests during the shutdown. Continue to submit as normal and the backlog will get completed in the order it was received. If you are applying for a mortgage, the first place you’ll want to start is making … (1 comments)
fha mortgage loan: FHA Loans Greenville NC
- 02/06/18 08:51 AM
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 having someone buy a home with you that doesn’t have to live in the house. It’s not considered Investment property, which requires a much larger down payment – you will need to be on the mortgage and you will need to live … (0 comments)
fha mortgage loan: Buying a Horse Farm in NC
- 05/08/12 11:52 PM
Several of the agents we work with currently have listings for horse farms in North Carolina. Financing these properties can offer unique challenges. Our daughter rides, and so we understand the unique challenges of finding the right “home” (barn). When you’re financing a farm, the first thing we need to know is if this is going to be income producing property. If it is – meaning you are going to lease stalls, have trainers, organize lessons, or stud, then it’s a whole different conversation from where I’m going with this post. (Call us, 919-649-5058 and we’ll get specific details. If we … (1 comments)
fha mortgage loan: FHA Underwriting Guidelines for NC
- 08/02/11 05:27 AM
We talk to people everyday who have questions about qualifying for a FHA Mortgage Loan in NC. FHA Underwriting Guidelines, are actually pretty straightforward. Unlike qualifying for a VA Mortgage loan (where you must be a qualifying Veteran) or a USDA Home Loan (that requires that you meet income limits for your county and the property must fit within the USDA RD Loan Footprint) – FHA has far fewer restrictions! They do have Maximum Loan Amounts, which vary per county – but other than that, just about anyone who wants to purchase an Owner Occupied Home can do so! Maximum … (3 comments)
fha mortgage loan: Basic Mortgage Loan Underwriting Concerns in 2010
- 10/25/10 04:29 AM
It's true that Underwriting Guidelines for Mortgage Loans are tougher right now than they have been in decades. But people are STILL able to purchase homes and get a mortgage loan! 8o) The most important thing for folks to remember is that they need to talk to a mortgage loan officer EARLY in the process... and speak with one that is familiar with YOUR STATE. North Carolina was the first state to adopt Predatory Lending Guidelines. This means that we have our own, NC State "Applied" Mortgage Loan Guidelines. Because of that, you need to speak with a loan officer … (2 comments)
Someone asked me to write a Real Life Example of people who bought a house. We close over 50 loans most months, so that’s a pretty wide open request. I’m going to take 3 real life examples of what some folks did to buy a house and see if that helps. I chose to write about First Time Home Buyers. All of them had to do something pretty remarkable to buy a house, but they DID IT. These folks are now home owners.
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