| North Carolina's population has been growing steadily | | | | helping many North Carolina homeowners with their |
| with an annual increase of 10.1% since the year of | | | | first home purchase. Product highlights: 3.5% down |
| 2000. Every year thousands of homes are being | | | | payment, low monthly mortgage insurance payments, |
| purchased in the regions of Charlotte, Greensboro, | | | | Refinance Cash Out up to 95% LTV, no credit score |
| Durham, Winston-Salem, Raleigh, Asheville, and many | | | | requirement, nontraditional credit accepted, and no |
| more! Average home appreciation in Charlotte & | | | | reserve requirement. Fha Secure program is offered |
| Raleigh has been over 8% per annum. Mortgage | | | | to those who have made timely payments prior to |
| Refinancing applications have been skyrocketing due | | | | their ARM adjusting. |
| to the widespread home appreciation throughout North | | | | Reverse Mortgages: Reverse mortgages are |
| Carolina. North Carolina Mortgage Rates have also | | | | becoming popular in the United States. HUD's Reverse |
| dropped which has been helping out those looking to | | | | Mortgages is a federally insured mortgage loan, and it's |
| obtain a lower rate for their current mortgage. | | | | a safe plan than give older Americans greater financial |
| Every year the North Carolina Commissioner of Banks | | | | security. Many seniors use it to supplement social |
| have been busy evaluating hundreds of new | | | | security, pay for unexpected medical expenses, home |
| mortgage lender applications. Every major mortgage | | | | improvements, and more. Since your home is probably |
| lender has been moving to North Carolina to | | | | your largest single investment, it's smart to know more |
| experience the new housing boom. Purchase Money | | | | about reverse mortgages, and decide if it's right for |
| Mortgages are being written everyday facilitating the | | | | you! |
| new homeowners that are moving from all over the | | | | VA mortgage loans can be made without any down |
| United States. | | | | payment at all, and frequently offer lower interest |
| Mortgage loan programs frequently used in North | | | | rates than other kinds of mortgage loans. Aside from |
| Carolina: | | | | the veteran's 'certificate of eligibility', and the VA |
| FNMA MyCommunity Mortgages: Buy a home with | | | | assigned appraisal, the application process is not much |
| Zero Down, and enjoy low mortgage insurance rates. | | | | different than other types of mortgage loans. If the |
| Product highlights: up to 40yr terms, no cash reserves, | | | | mortgage lender is approved for automatic processing, |
| gifted money allowed, extra flexibility on credit, and no | | | | as more and more mortgage lenders are now today, |
| minimum contribution. | | | | a buyer's mortgage loan can be processed, and |
| FHLMC HomePossible Mortgages: this mortgage is | | | | closed by the mortgage lender without waiting for |
| exactly like the MyCommunity Mortgages, but is | | | | VA's approval of the credit application. The more you |
| offered through Freddie Mac. | | | | know about our VA mortgage loan programs, the |
| FHA Home Loans: FHA is known for their low | | | | more you will realize how little "red tape" there really is |
| mortgage rates. This mortgage program has been | | | | in getting a VA mortgage loan. |