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Tag Archives: Lumberton Board of Realtors

  • VA Mortgage Guidelines for Determining if Primary Residence is Within a Reasonable Commute to Work

    The popular definition of a primary residence in residential mortgage lending is that the home is within a “reasonable daily commuting distance to work”.  There are situations where a homebuyer may travel a long distance when commuting to work yet still call a home over a normal commuting distance from their home or primary residence.  …

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  • Rent your current home and buy your dream home with no money down!

    Sound to good to be true?  This can be done by a Veteran, active service member, or qualified surviving widow of a service member purchasing a new home with a VA home loan!  These days if someone wants to rent out their current home and then purchase a new primary residence, most programs require either …

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  • Got a C-Note laying around, That’s enough to purchase a home!

    HUD FHA $100 down mortgage purchase program Looking to purchase a HUD foreclosure home with a very low down payment?  HUD offers a little known program called the $100 down payment HUD/FHA purchase product which is a great program which allows buyers the ability to not only purchase a home with a very low down …

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  • 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  →
  • 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  →
  • 9 tips for creating passwords that send hackers away, PLUS 5 points when selling a home

    To keep hackers out of your systems, never click on suspicious links or attachments, even from friends.  But it’s even more important to manage your passwords.  Here’s what internet security experts say we should do: 1. Use nothing from the dictionary. If your password is in the dictionary, it’s no barrier at all. Even if …

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  • 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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  • Columbus County, NC Property Tax Rates

    Columbus County is the 3rd largest county in the state of North Carolina and it’s largest town and county seat is Whiteville, NC.  If you are considering the purchase of a home in Columbus County, you should look up the property taxes and/or property tax rates.  Most mortgage payments will add in the property taxes …

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  • Columbia, SC USDA Eligible Areas Effective February 2, 2015

    Columbia, SC USDA eligible and ineligible areas.  Below is a snapshot of the Columbia, SC and surrounding area: To Zoom in closer to view eligible areas or to type in a specific property address for USDA eligibility, following these instructions: Click here for USDA Property Eligibility Search You can search by "property eligibility" Click on "single [...] More  →