5 Zero or Low Down Payment Mortgage Programs RALEIGH, NC – Buying a home can be one of the most rewarding yet complicated endeavors that an average, person will undergo in their life. However, one of the most difficult things …

5 Zero or Low Down Payment Mortgage Programs Read more »

Ricardo Cobos is a Mortgage Loan Officer in Raleigh North Carolina helping people achieve financial security through responsible homeownership using great no money down loans programs like the USDA Guaranteed Rural Development Loans call 877-212-7784 to speak with an experienced loan officer today.

USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING NEWS From the National Office in Washington DC June 15, 2011 GUARANTEED LOAN FUNDING UPDATE:  SUMMER SIZZLES!   GUARANTEED LOAN VOLUME UP!  PLENTY OF FUNDING AVAILABLE!    The Single Family Housing Guaranteed Loan Program (SFHGLP) …

$14 Billion in No Money Down Guaranteed Loans for Rural Homebuyers Read more »

The USDA is begging for people to borrow their money! The program will be undergoing significant changes in October with the introduction of a monthly PMI. Until then they have plenty of money and are eager to lend it; GUARANTEED …

$24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS! Read more »

In April I wrote about a bill introduced in the North Carolina General Assembly HB/485 that I dubbed Cash For Contractors. The sole purpose of the bill was to reward home buyers of a newly constructed home in North Carolina with a …

NC Home Buyer Tax Credit *UPDATE* Read more »

To encourage the purchase of REO properties,Fannie Mae is introducing a closing cost incentive for home buyers for primary residence purchases with a closing date on or before June 30, 2011. This incentive reinforces Fannie Mae’s commitment to stabilizing communities …

Buyers Receive up to 3.5% Toward Closing Costs from Fannie Mae! Read more »

FHA Underwriting Tip; FHA allows a borrower to meet the minimum statutory investment by using gift funds from either a close family member, government agency or approved non profit. FHA requires that all gift letters include the section 1010 verbiage below – …

FAQ – What is the FHA Gift Funds Section 1010 Verbiage Read more »

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

Why You Should Start Planning To Purchase A Home If you’ve ever thought about buying a home, but decided that it was too big a financial gamble, think again. It’s possible you haven’t considered the risk of not buying a …

Five Great Reasons to Buy a Home today Read more »

a first-time home buyer is defined as someone who has not owned a primary residence in the three-year period ending on the date of purchasing the home. Married couples are considered first-time buyers if neither spouse has owned a residence in the previous three years.”