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Tag Archives: FHA purchase

  • FHA gift funds

    How Can I Use FHA Gift Funds to Buy a Home?

    Buying a home is a special milestone for many, but it’s not one that’s easy to achieve for most. First-time buyers trying to get on the ladder come up against one major hurdle - getting the down payment together. Saving for a down payment whilst also paying rent and other living expenses is a long [...] More  →
  • VA Construction Permanent Loans Help Veterans Build a Custom Home

    Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value, but finding 100% financing for building a new home is really tough. Luckily, there is the option of VA construction permanent loans. This is a combination of a construction loan along with a VA permanent closing. Therefore, …

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  • closing day

    I Have Signed Closing Papers. When Do I Get The Keys?

    An important thing to remember for a purchase closing is that just because the buyer has signed the closing documents, the property is not owned by the buyer right away. Generally, the following items need to happen on the day of closing for the buyer to get the keys to the home: Closing Day Steps …

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  • FHA 90 day flip rule

    Real Estate Investors Be Aware of the FHA 90 Day Flip Rule

    Real estate investing has long been a way for creating wealth. There are even television shows and channels devoted to buying and improving properties. The two primary ways to invest in real estate include a buy then hold rental property strategy and then a property flipping strategy. A property flip is when a real estate investor [...] More  →
  • Is a Swimming Pool Going to Swan Dive Your FHA Loan?

    Swimming pools:  You either love them or you hate them and usually there is no in between.  One family dreams of sun filled days splashing around in the pool where another sees daily chores of cleaning, making sure the Ph is at the correct level, or covering the pool for the winter. So if a home [...] More  →
  • fha non occupant co borrower

    A Non-Occupant Co-Borrower Can Help FHA Borrowers Qualify

    For one reason or another, mortgage qualification hurdles may pop up when buying a home. A common issue is a high debt to income ratio. This means the borrower(s) monthly payments compared to the income is too high for mortgage approval. These days, the culprit often causing high debt to income ratios is student loan [...] More  →
  • how to move out of your parents house

    How to Move Out of Your Parents House and Buy a First Home

    How to move out of a parents' household is a common question, and it is not just for teenagers. Many first time home buyers of all ages move back into the parents home at some point. A primary reason is to save money rather than spending on rent. Yet, many living rent-free still may not [...] More  →
  • Private Road Maintenance Agreement Explained for Buyers & Sellers

    A few ticking time bombs lie low in the home buying process that can explode at the last hour without preparation. One such dreaded, last-second request sounds like, "Please send us the private road maintenance agreement for this street." Too often, there isn't a road maintenance agreement. Then, fear sets in with the thoughts of [...] More  →
  • Has FHA PMI Had Any Changes Lately and Will It Go Down Anytime Soon?

    One of the biggest buyer needs is a low down payment and this is especially true with first time home buyers. Fortunately since 1934, FHA has been helping buyers achieve the dream of home ownership. A cornerstone feature of FHA loans is the low down payment. But, banks and mortgage companies typically do not offer [...] More  →
  • 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 and USDA.  But now, NC Housing Finance Agency has announced that the Down Payment Assistance amounts available for buyers have increased to give first time or move up buyers 100% or more [...] More  →