251 Search Results for: first time buyer

Year after year, North Carolina continues to rank high as a great place to live. So, it's no surprise that more people are choosing to move to North Carolina. Annual studies like the U-Haul Top Growth States and the North American Moving Services Migration Report prove this point. Reasons for such high ranking include jobs, climate, [...]
While you may be familiar with the tax benefits that result from homeownership, a lesser-known but significant benefit for first-time homebuyers is the Mortgage Credit Certificate (MCC). A Mortgage Credit Certificate is a document that directly converts a portion of the mortgage interest paid by the borrower into a non-refundable tax credit. It is not [...]
The home buying process can be confusing, even for people who have done it before. Here are some of the most common first-time homebuyer mistakes and tips on how to avoid them so you can make a smooth transition to homeownership. First-time homebuyer mistakes (and how to avoid them) 1. Skipping pre-approval Getting pre-approved for [...]
Buying a home for the first time should involve up-front research and getting a crash course in real estate, finance, and mortgage lending all at once. Of course, the home buying process is rarely a topic covered in school. The result is that prospective buyer knowledge is usually limited to random articles, coffee cooler talk, [...]

First time home buyers are often faced with home ownership hurdles. These obstacles include down payment, student loan debt, credit scores, debt ratios, and affordability. Our Fannie Mae HomeReady mortgage helps buyers overcome and succeed as a new homeowner. Here is an interesting fact stated by Fannie Mae: “Nearly half (48.9%) of all single-family owner-occupied home …


I want to thank Steve Holland for his excellent service. Being a first time home buyer I was scared. Steve was always available to help with any questions I had. He is dedicated and hard-working and has a great team as well. Thank you so much Steve for everything and getting me into my home. …


OVM has a great team. I was able to pay $10 less for a mortgage then I was in rent. Being a first time home buyer, I felt the process was fast. I was able to get my short sale purchase in just under three months.

Buying a first home is a significant life milestone, and we recognize the importance. It can be very exciting, yet nerve-wracking. Our goal is to share first time home buyer NC mortgage loan options and explain why an up-front mortgage pre approval is key. North Carolina is one of the most unique states for the [...]
Buyers using HUD loans are typically looking for a low down payment option with excellent terms. In addition to ensuring a low down payment and great terms, HUD loans offer flexible guidelines. Therefore, loan approval chances are higher compared to other loan types. Are HUD Loans and FHA the Same? Lenders like to throw around [...]
For many aspiring home buyers, a Federal Housing Administration (FHA) loan might be a good option. FHA loans appeal to home buyers, especially first-time buyers because they offer lower down payment rates and have more flexibility with credit scores and debt than some other loans. The FHA has specific requirements for qualification. A key one [...]