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Tag Archives: first time buyers

  • 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  →
  • Maximum Income Limits for Popular Low Down Payment Loans

    97% MyCommunityMortgage Maximum Income: Based on household income of everyone 18 and over.  Household income means anyone who will live in the household, whether on the mortgage loan or not Learn more about the MyCommunityMortgage USDA Maximum Household Income Limits: Based on household income of everyone 18 and over, whether on the mortgage or not.   Broken [...] More  →
  • How to Calculate BAH Rates and the Benefits for U.S. Military

    A key portion and benefit of the military pay includes BAH. Otherwise known as Basic Allowance for Housing, it provides an income tax free pay. The purpose of this income is what the name says - allowance to cover the customary housing expense for a certain geographic area. Although, BAH rates are not the same [...] More  →
  • USDA new ineligible areas effective February 2, 2015

    In North Carolina, eligible rural areas for USDA housing programs will be adjusted in certain areas on February 2, 2015. New ineligible areas will include: Areas adjacent to the current ineligible area of Jacksonville, NC; Greenville, NC; Rocky Mount, NC; Goldsboro, NC; Raleigh, NC; Greensboro, NC; and Charlotte, NC. On December 16, 2014, President Barack …

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  • 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  →
  • Approving FHA Loans With Only One Credit Score

    Accept it or not, the financing world looks at everyone as a number called credit scores. Sure, there are other factors to loan or credit card approvals, but it all starts with credit scoring. Very few fully understand the inner workings of these important numbers. Therefore, many either struggle to build a solid score, understand …

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  • All of Brunswick County, NC is approved for 100% financing through USDA Rural Development Guaranteed

    All of Brunswick County, NC is USDA eligible A very popular mortgage loan in Brunswick County, NC is USDA Rural Development loans and this is proven by NC recently being the #2 state in loan volume for USDA loans!  In order for a buyer to use USDA 100% financing up to $417,000, the property must [...] More  →
  • North Carolina is the # 2 state for most USDA closed mortgage loan volume

    These numbers confirm why USDA in NC takes in the past up to 30 days to review files submitted to them with being listed as committing to the 2nd most loan volume in the United States.  The USDA Guaranteed Rural Housing Program in their Fiscal Year 2014 helped 139,824 rural Americans families purchase homes and …

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  • how to get a mortgage

    How to Get a Mortgage -Avoid These Traps at ALL Costs

    Buying a home and understanding how to get a mortgage involves key steps. Some are non-negotiable, while others depend on the borrower, property, and loan program. Then, part of the process results from correcting mistakes during the home buying process. That’s right. Normal parts of life include activities such as depositing cash, buying a car, and changing jobs. Yet, not …

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  • Buying A Home With A Housing Allowance for Pastors

    Pastors, priests, and ministers have a gratifying career filled with love, but when it comes to buying a home or refinancing, the clergy is not feeling the love. This comes from a beneficial, nontaxable form of income called pastoral housing allowance. The problem results from many lenders and banks not counting this often misunderstood income [...] More  →