fha mortgage loans: FHA Loans in Garner and Fuquay Varina NC
- 08/25/18 09:18 AM
Western Wake County, especially the areas closest to Fayetteville, are growing like wildfire. Not surprising, you can benefit from a home that’s located in “small town USA” with award winning schools! Fuquay Varina and Garner are two cities that have benefited from this unique location. Unfortunately, the program that has been used the most by first time home buyers wanting to buy a home in that area is going to see some pretty major changes later this fall. So what are the alternatives to USDA Home Loan Program? If you are not a Veteran, qualifying for a VA Loan – then … (1 comments)
fha mortgage loans: Can You Buy A House With A Tax Lien
- 05/22/18 11:12 AM
For the last 30 plus years I’ve been a Lender we could not make a loan to anyone who had a tax lien attached to their credit report. But what if it isn’t a lien, what if you just OWE the Federal Government money? Can you buy a house with a tax lien, or a tax liability? The PROBLEM with owing taxes and buying a house, is that you can’t get Title Insurance. I’ve been reading all of the questions on various forums, and consumers are saying you CAN buy a house with a Tax Lien, and Lenders are saying you can’t… but … (0 comments)
fha mortgage loans: FHA Loans and Septic Field Requirements in NC
- 04/03/18 08:40 AM
Because of all of the changes coming to the USDA Maps in NC – we are getting inquiries from folks who are going to use a FHA Loan for a home that is in a more rural setting. Many of these homes do not have public water systems, and that’s okay with FHA. They require that homes in NC are connected to public water and sewer whenever that’s possible. However, individual well and septic systems are okay, based upon the FHA Underwriting Guidelines, s long as they meet the minimum distance requirements.
FHA Loans and Septic Field Requirements in NC Even if a … (0 comments)
fha mortgage loans: FHA Streamline Refinance Rental Property
- 01/29/14 10:41 PM
January 29, 2014 by Eleanor Thorne Mortgage rates have dipped again, and Government loan mortgage rates are now nearing the lowest levels we’ve seen –again! Lower interest rates mean folks are thinking about refinancing their homes. Especially folks who didn’t have the ability to refinance it within the last couple of years! FHA allows you to Streamline Refinance when you do not occupy the property. This was actually news to me, because we always tell folks that FHA is ONLY for use as a Primary Residence! So we have a borrower who owned a home in Ohio (financed via FHA), moved to NC – … (0 comments)
fha mortgage loans: What Collections Must Be Paid To Get A FHA Mortgage Loan
- 01/08/14 01:08 AM
FHA Home Loans in North Carolina are generally used by folks who are either new to the home buying market, or those who have unusual circumstances, requiring more “common sense” mortgage eligibility requirements. Recently, FHA changed a long-standing eligibility requirement that dictates what collection accounts must be satisfied prior to being approved for a FHA Mortgage Loan in NC. The new guidelines (regarding what collections must be paid to get a FHA Mortgage Loan)will most likely effect credit challenged buyers, and home buyers with bad credit scores who are looking for a way to buy a house in NC. The new … (0 comments)
fha mortgage loans: After Foreclosure - Can You Buy Another Home?
- 01/28/11 04:55 AM
If you are one of the millions of families that lost their home in the last couple of years to Foreclosure… you might think… Been There – Done That You might not want to own a home again! But if you’re one of those folks who truly does want to purchase again, here’s some potentially good news. USDA says that they will allow you to purchase a new home to owner occupy, after foreclosure if you’ve done the following things: Wait 3 years from the date of the Foreclosure. Re-establish Credit Have Credit Scores that meet the guidelines (as of the … (60 comments)
fha mortgage loans: FHA Making More Changes 1/2010
- 01/20/10 12:08 AM
The Federal Housing Administration is currently insuring more than 3 of every 10 loans originated... and they see that as a risky proposition! Because of that, FHA is expected to announce changes today, in an effort to protect the American Taxpayer (who backs the default insurance on this program!)! Expected changes include: Raising the Upfront Mortgage Insurance Premium (UMIP) from the current 1.75% to 2.25%. This means that when you borrow $100,000 on a FHA mortgage loan, and additional $2250 will be added to the mortgage that you pay back... so your $100,000 mortgage just turned into $102,250. If you move, … (5 comments)
fha mortgage loans: There's a Solar Farm in Cary, NC?
- 10/22/09 02:01 AM
SAS is a Privaately Owned Software Development company in Cary, NC... and also the town's largest private employer. It's always been a "cutting edge" sort of employer, allowing for flexable hours, promoting healthy lifestyles for employees, having healthcare on it's campus. You can see why it's been named the best place to work about a dozen times. Now, it's creating one of the State's Largest Solar-Energy Farms! We even had the Secretary of Energy, Secretary of the Interior and Senator Hagan in town to do a Tour of the Cary, NC facility! Those of us in the Housing Business should be … (4 comments)
Western Wake County, especially the areas closest to Fayetteville, are growing like wildfire. Not surprising, you can benefit from a home that’s located in “small town USA” with award winning schools! Fuquay Varina and Garner are two cities that have benefited from this unique location. Unfortunately, the program that has been used the most by first time home buyers wanting to buy a home in that area is going to see some pretty major changes later this fall. So what are the alternatives to USDA Home Loan Program? If you are not a Veteran, qualifying for a VA Loan – then … (1 comments)
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