Real estate blog entries tagged with charlotte nc by Charlotte Home Loans - Your Charlotte Mortgage Lender (The Ed Nailor Mortgage Team)

Home : Blogs : Charlotte Home Loans - Your Charlotte Mortgage Lender : Mortgage in Charlotte NC : Tag "charlotte nc"

charlotte nc: S L O O O O W W W FHA? - 04/29/08 03:10 PM

One of the biggest complaints from Realtors today is that it seems to be taking forever to close a loan, especially the FHA mortgage loans. The average turn time to get a loan submission through underwriting is roughly 21 business days... only counting business days means that's a month!
One of the … (3 comments)

charlotte nc: FHA gets Relaxed - 03/31/08 04:37 PM

FHA Underwriting Relaxes a bit....
To help ensure that only the best credit risks were able to buy these homes in declining markets using DPA's, many FHA mortgage lenders have imposed high credit score requirements. One major lender placed a credit score requirement of 680 for this type of FHA mortgage loan using down … (0 comments)

charlotte nc: Poor Man's Loan? I don't think so! - 03/24/08 11:53 AM

I don't know about everywhere else in the country, but in my area it seems that the FHA mortgage is seen as a "poor man's loan." However, this is not the case.FHA mortgage loans in Charlotte North Carolina now have limits up to $303,750. That is pretty substancial. But to think … (2 comments)

charlotte nc: What's taking so long??? - 03/21/08 09:22 AM

FHA Underwriting Taking LongerTraditionally, you could put 30 days on a sales contract and have plenty of time. But be aware of a growing trend... extended underwriting turn times.On average, most lenders are experiencing 7-10 business day turn times on FHA mortgage submissions. This means that it can take up to … (9 comments)

charlotte nc: FHA Loan Limits Increase for Charlotte! - 03/06/08 01:05 PM

Finally, weeks after the Economic Stimulus package is signed, HUD has finally posted the FHA loan limits.The new FHA Mortgage Loan Limit in Charlotte is $303,750!This is great news for Charlotte home buyers!... more information on the Charlotte FHA mortgage limit increase... more information on lender limitations with new Charlotte FHA limits________________________________________________________This … (3 comments)

charlotte nc: FHA Min Credit Scores!!!!! - 02/19/08 08:59 PM

FHA lenders are now implementing minimum credit scores for FHA mortgage loans. Although FHA does not require any minimum credit scores, most FHA mortgage lenders are beginning to require certain credit score levels before they will underwrite the loan.Why?Blame the subprime meltdown and the trend that many loan officers are following. … (6 comments)

charlotte nc: What is the White House thinking about? - 01/31/08 09:37 PM

Its an election year. The economy is struggling and the fear of a recession is lingering. Real estate values across the country are sliding backwards and home loan originations are off. So what is the White House thinking about?
Charlotte NC.
Yep, Dick Cheney visited Charlotte today and of all the things he … (7 comments)

charlotte nc: SSID Ideas - 12/26/07 03:22 PM

Do you have a WIFI network at home? Maybe your own WIFI at work? Here's a quick tip...
When setting up your WIFI network, instead of the normal names like "Home Network", "Linksys", "Netgear" or the ever poetic "Belkin Router", make your SSID name an advertisment of your website! For example, if you come … (13 comments)

charlotte nc: Truth in Advertising? - 12/14/07 06:23 AM

So don't get me wrong.. I am all for truth in advertising. I for one was beginning to wonder if it still exisited!
We have all heard the commercials for car dealers, mortgage companies, home builders, etc etc etc. For those of us in any sales related business, we know that most … (7 comments)

Related Links:

All member posts tagged with "charlotte nc"