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Buyers Category

USDA Financing Changes Impacting Greensboro NC Buyers

One of the sweetest loan programs available to home buyers in the Greensboro area has been the USDA product which offers up to 100% financing for qualified buyers.  This loan is subject to certain geographic restrictions which have been determined by what the USDA terms rural agricultural districts. Changes have been anticipated for some time and recently, the USDA announced that barring Congressional action, they will begin using 2010 Census data to determine eligible rural areas for Rural Development housing programs...Continue Reading!

5 Ways to Save on Home Repairs

Coupons. You don’t have to be an “Extreme Couponer” to save on larger purchases and coupons can potentially save you hundreds of dollars. Spending an extra 10 minutes finding a coupon and printing it out (or pull it up on your smart phone) is totally worth it!  Ask home repair companies if they are offering any discounted services as many often do  *Also consider signing up for the store’s email list, many places will mail or email you a 15%-20%...Continue Reading!

North Carolina Program Offers Down Payment Assistance To Home Buyers

I love being the bearer of good news!  There is just something special about sharing information with a home buyer than can make a difference in their ability to buy a home or continue to have to rent. The North Carolina Housing Finance Agency announced changes to an already super program that offers assistance to home buyers in the state of NC of up to 3% of the loan amount.  This down payment assistance program comes in the form of a no...Continue Reading!

4 Tips for Getting a Preapproved Mortgage Loan

Are you thinking of buying a new home?  Feeling overwhelmed and just aren't sure where to start?  Well, don't panic! Just a few years ago, it seemed as if lenders would loan money to anyone with a pulse but those days are long gone my friend!   Now, home buyers have to jump through a myriad of hoops in order to qualify for a mortgage loan. Here me when I say this - "There is no more important step when looking to...Continue Reading!

Good Neighbor Next Door Houses For 50% Off

Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians are eligible for a fantastic program through HUD (Housing and Urban Development) where homes are for sale at a 50% discount.  In this program, called Good Neighbor Next Door, the home buyer must commit to stay in the home as their sole residence for 3 years but can pick up a property at a substantial discount. Here is an example of just one such home that is located in...Continue Reading!

USDA Financing For Home Buyers

Hey home buyers! Have you thought about buying a home but just didn't think you could qualify due to credit blemishes or the lack of a down payment?  Many current buyers believe that the days of little to no money out of pocket for a new home are a think of the past. Well, I have good news Greensboro home buyers!  Financing through the USDA offers up to 100% financing to qualified candidates. Check out the video link for more details or contact...Continue Reading!

Help For First Time Home Buyers

Buying your first home is a scary proposition for many in North Carolina.  Concerns over credit qualifications and lack of a down payment have kept many Greensboro renters from pulling the trigger and buying their own home. North Carolina has a unique program that offers low-interest mortgages and down payment assistance to first time home buyers by selling tax-exempt Mortgage Revenue Bonds and issuing Mortgage Credit Certificates (MCC) under federal authority. As with any program, there are minimum qualifications which include: You are a...Continue Reading!

Top Reasons to Buy a Home Versus Rent

Now more than ever, home ownership is within reach of millions of Americans and the benefits of buying a home versus renting are evident.  Historically low interest rates and falling home prices have created a unique situation for renters who may have considered buying a home. Tax Considerations: Most homeowners choose to itemize deductions on their income taxes which allows them to deduct home mortgage interest, property taxes, state income taxes, gifts to charity, medical and dental expenses over 7.5% of your income, personal property...Continue Reading!

Loan Programs for First Time Home Buyers

Are you a first time home buyer in the Greensboro NC area?  Are you ready to stop throwing money away on rent each month?  Think you need a sizeable down payment or just can’t afford a mortgage?  Well…THINK AGAIN! Most North Carolinians are not aware that a program exists in our state through the North Carolina Housing Finance Agency that assists first time home buyers with down payment assistance and counseling to help new owners develop the solid financial habits that...Continue Reading!