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Tag Archives: Team Move

  • 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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  • You may not know it, but you are a number and it could help or hurt you a lot!

    If you were a fly on a wall in my office, you would hear me say several times a day, this little known fact that accounts for 30% of a borrower’s credit scores! 30% of a person’s credit score is based on balances reported for revolving accounts like credit cards or lines of credit, compared to the …

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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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  • USDA’s Updated Guidelines for Properties With Swimming Pools

    Anyone familiar with the old guidelines for USDA and their requirements for swimming pools, knew you must get 1) A Pool Waiver as part of the USDA review process and 2) No value of the pool must be given unless it is above the purchase price.  Now with the December 2014 changes to the USDA …

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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  →
  • The Dawson on Morgan condos in Raleigh, NC are approved for conventional financing

    The Dawson on Morgan condos, which are located at 317 W. Morgan Street, Raleigh, NC, are currently approved with our company for conventional financing.  A lot of people are not aware that often condos are difficult to finance as the condo complex itself must get mortgage approval as well as the buyer. Our team has gone through the …

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  • 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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