All articles in First Time Home Buyer

Under Contract & House Has Been Damaged; Now What?

There’s an old adage He Who Has the Gold Makes the Rules aka ‘ The Other Golden Rule’. Nothing could be further from the truth in this scenario so the best answer here is ‘It depends’.

Southgate Subdivision – Market Update

ContentsAugust 2018 (Garner, NC 27529)Southgate Market Statistics August 2018Median Days on MarketAverage Sales PriceMedian Days on MarketMedian Percent of Original … More Southgate Subdivision – Market Update

Conventional 3% Down Mortgages 27 FAQ’s

Frequently Asked Questions and Answers to the new Conventional 97% Mortgage.

Is the Conventional 97 a government-backed mortgage program?

Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not available via Freddie Mac, nor is it available via the Federal Housing Administration (FHA), Department of Veterans Affairs (VA) or the U.S. Department of Agriculture (USDA).


Continue reading Conventional 3% Down Mortgages 27 FAQ’s

What is a My Community Mortgage?

According to research of the foreclosures during the past 7 years, chief among the cited reasons were lack of down payment, undisclosed debt by the buyers, reduced credit requirements, and unstable income. In response to greater accountability to Washington lenders tightened there criteria…too tight by most industry experts. Thankfully, however lenders are beginning to see the light and with fewer homeowners in the marketplace they have to compete for those who actually can buy a home.

While credit and income are still pretty non-negotiable, according to consumer research conducted by Fannie Mae, the primary barrier to homeownership for first-time home buyers is saving money for the down payment and closing costs Continue reading What is a My Community Mortgage?

It just got a little bit easier to buy a home in Raleigh

Credit requirements for a loan in Raleigh gets easier

A few weeks ago I sent an email to my clients titled “Credit standards ARE loosening” which was inspired by a blog  FHA 203(b) Loans for North Carolina borrowers with 620 Fico Scores . In that email I pontificated that because of rising interest rates, the Fed exiting the space  it has occupied for too long as well as improving real estate sales, private equity was returning to the marketplace and that we would begin seeing a relaxing of lending guidelines. Continue reading It just got a little bit easier to buy a home in Raleigh

Cary neighborhood opposes potential immigration office

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“The federal government is considering moving its local Immigration and Customs Enforcement office from a Cary office park to a former Kroger supermarket on N.C. Highway 55 and High House Road.” reported Sloane Heffernan from WRAL News.

Read the story here.

The debate rages onward.  If you read the local online forums, neighbors and Cary residents are upset that a detention center is coming to their backyard – in a residential community. Continue reading Cary neighborhood opposes potential immigration office

Experts predict rents will rise rapidly in Raleigh

ContentsTriangle Business Journal – by Amanda Jones HoyleRead more: $55M luxury apartments going forward near RBC Center | Triangle Business JournalRelated … More Experts predict rents will rise rapidly in Raleigh

Raleigh Real Estate – it’s NOT a Buyer’s Market

if you are a first time home buyer shopping for a home in Raleigh say between $100,000 and $149,999 and in April found that your low ball offers weren’t being accepted, it’s because it ISN’T A BUYERS MARKET IN RALEIGH in that price range.

Down Payment Assistance Programs for Raleigh Area HomeBuyers

Up to $7,500* for down payment and/or closing cost assistance

Five Great Reasons to Buy a Home today

Why You Should Start Planning To Purchase A Home If you’ve ever thought about buying a home, but decided … More Five Great Reasons to Buy a Home today