down payment assistance: VHDA Provides Affordable Living for Virginia Home Buyers
- 08/21/18 04:40 AM
Nationwide, home prices continue to rise in most areas putting pressure on first time home buyers. Virginia is no different, but luckily there are some great programs offering affordable home payments and down payment assistance (DPA). One of these organizations is called VHDA, short for Virginia Housing Development Authority. Unlike many other state agencies who offer low or no interest DPA loans, Virginia offers a true grant in addition to the more traditional DPA. On the grant, there is no second mortgage. Just free down payment money if the buyer and property qualify. Other than traditional loan requirements, this grant has … (0 comments)
down payment assistance: Down Payment Assistance for SC Buyers
- 06/23/17 08:24 AM
So many things seem to block saving for a down payment on a house. High rent payments, car repairs, hospital bills, plus other expenses get in the way. But, there is a special program which allows South Carolina buyers to become homeowners! It is called the down payment assistance SC program. This program combines either an FHA or USDA loan along with $6000 in down payment assistance. Therefore, it bridges the gap between the purchase price and loan amount. Down Payment Assistance SC FeaturesWe are happy to offer the SC Housing Homebuyer program with down payment assistance to SC buyers. By combining the benefits of … (1 comments)
down payment assistance: Columbus and Brunswick County Realtors Receive NC Housing Training
- 09/15/15 04:17 AM
This past week local real estate agents attended a 4 hour continuing education class to help bring awareness of the NC Housing Finance Agency’s mortgage products which help homebuyers purchase with low to no out of pocket and an income tax credit up to $2000 per year. Team Move with OVM Financial invited Jane Buchholz with NC Housing to present the class to Columbus and Brunswick County’s Realtors in order to provide useful education that will help the Realtors spread the word to their buyers. The Whiteville Chamber of Commerce & Tourism also provided their conference room & facilities as the location for the class in … (0 comments)
down payment assistance: Realtors receive 4 hour CE to help North Carolina buyers
- 09/15/15 03:23 AM
Lumberton, NC. This past week local real estate agents attended a 4 hour continuing education class to help bring awareness of the NC Housing Finance Agency’s mortgage products which help homebuyers purchase with low to no out of pocket and receive an income tax credit up to $2000 per year. Team Move members, Sylvia Nance and Russell Smith, with OVM Financial invited Jane Buchholz with NC Housing to present the class to the Lumberton Board of Realtors in order to provide useful education that will help the Realtors spread the word of helpful mortgage products to their buyers across Robeson, Cumberland, & surrounding counties. The event … (2 comments)
The Fed meets this coming week to decide about a Fed funds rate hike or not! Market wrapup for yesterday: Not much action in the Mortgage Bond market Friday, though Bonds did manage to push higher (good for mortgage rates). Today’s tame PPI data and lower than expected Consumer Sentiment supported prices (good for mortgage rates) Stocks ended higher for the week … (1 comments)
down payment assistance: Buying Your First Home? Get $15,000 Down Payment Assistance
- 09/05/15 04:13 AM
If you are a first time buyer purchasing a home in Cabarrus, Cumberland, Guilford, Johnston, or Mecklenburg Counties NC, you may be eligible for $15,000 in down payment assistance with 0% interest, no required payments, and it is forgiven after just 5 years!Most of the time when you hear something like this, it is too good to be true. In this case, it is True! There is a limited availability to the first 1,000 loans so see the details below and take advantage now. The special $15,000 down payment assistance is funded through the U.S. Department of the Treasury’s Hardest Hit Fund. … (3 comments)
down payment assistance: Homebuyer Series Week 6: Knowing Your Low to No Down Payment Options
- 08/29/15 10:26 PM
In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership. So far in previous weeks, we have discussed how to solve 1) limited or bad credit, 2) no down payment, 3) not having a budget, 4) documenting rent history, 5) not understanding a Buyer’s Agent role. Today, we are discussing Roadblock # 6: “I have heard of FHA, but that is about it for mortgage loan knowledge”. A lot of buyers have the misunderstanding that either they need perfect credit, 20% down, or need an FHA loan. But there are SO many other great mortgage loan options for today’s homebuyers. … (0 comments)
down payment assistance: Homebuyer Series Week 2: Save up to $40,000 down in a year or less!
- 07/31/15 07:17 AM
In the article last week we talked about credit and today we are providing solutions to the # 2 roadblock mentioned for first time buyers: Buyers that have no or little money for down payment or reserves. Read last week's article that had little known tips for establishing or correcting credit here. To solve this popular issue, let’s talk today about: * No to Low Down Payment Mortgage Loan Options * Saving for down payment & a rainy day fund (what lenders call reserves) Keep in mind, even though there are great no money down home loan programs, home buyers that have money in the bank will have more lending options, will qualify … (2 comments)
down payment assistance: NC Buyers: Homeownership Solutions for Common Obstacles
- 06/06/15 09:38 PM
The most common need we see among buyers these days is a great low or no down payment mortgage solution. There is a little known affordable payment, low to no down payment option available with Team Move and OVM through the NC Housing Finance Agency (NCHFA). In 2014, NCHFA unveiled the NC Home Advantage product which turns a normal FHA,USDA, VA, or conventional mortgage into a potential lower fixed rate with the option of adding a zero interest & zero monthly payment, down payment assistance loan. The NC Home Advantage program can help a buyer overcome several obstacles by turning standard mortgage guidelines into a more affordable, helpful … (1 comments)
down payment assistance: Best of the best mortgage tips blogs for 2014
- 12/30/14 07:54 PM
Providing the most helpful tips for buyers, realtors, homeowners, and the public in general is the main purpose of our blogs. They are written about real world mortgage loan scenarios and we hope that these blogs provide education to our readers. The following are the most popular of our blogs this year. Contact us with questions. Best of the Best Blogs: New 100% products with higher down payment assistance with zero interest and payments for NC buyers. One of the most popular questions we hear is what kind of programs are there with 100% financing and the answer has been VA … (0 comments)
Related Links:
Russell Smith
Loan Officer Communication & Execution You Deserve
Nationwide, home prices continue to rise in most areas putting pressure on first time home buyers. Virginia is no different, but luckily there are some great programs offering affordable home payments and down payment assistance (DPA). One of these organizations is called VHDA, short for Virginia Housing Development Authority. Unlike many other state agencies who offer low or no interest DPA loans, Virginia offers a true grant in addition to the more traditional DPA. On the grant, there is no second mortgage. Just free down payment money if the buyer and property qualify. Other than traditional loan requirements, this grant has … (0 comments)
;)
;)
;)
