FHA 203k Home Renovation Loan The FHA 203k Home Renovation Loan is a loan program that allows you to acquire a "fixer-upper" and turn it into your dream home. Let's face it, sometimes purchasing a new home is out of the question. Maybe you don't like new construction or you prefer homes with a little "character", whatever the case, the FHA 203k home renovation loan might be for you. In a...
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FHA Loan changes were announced recently, and one of the changes will directly affect how much you pay per month for the duration of your loan. If you apply for an FHA loan after April 1, 2013, be aware of the following changes that are set to take place on April 1, 2013, and June 3, 2013. FHA Loan Changes April 1, 2013 The annual mortgage insurance premium (MIP) for most new mortgages will...
UPDATE: 02/03/2016 South State Bank is offering first time home buyers a 97%, 30 year fixed rate mortgage that is different than an FHA loan in that they only require a 3% down payment instead of 3.5% with an FHA loan, and the 3% can come from "gift funds". Also, with this loan, the mortgage insurance is reduced. For more information on this program contact: Laurie B. Holscher SVP, Mortgage Loan...
First Time Home Buyer Guide - 13 Steps to owning your first home! Being a First Time Home Buyer can be a daunting task. Let me make it easy for you by guiding you through the process. This 13 step First Time Home Buyer Guide will give you the guidance to get you well on your way! Even if you're not a First Time Home Buyer, let this guide be your refresher course. 1) Get pre-approved Getting...
Newly Constructed Homes May Qualify for $6000 in Down Payment Assistance Are you in the market for a brand new home in Charleston, SC? Then read the information below to find out how you can get down payment assistance for newly constructed homes! South Carolina State Housing has just updated their down payment assistance program for 2013 - see the details here. The South Carolina State...
My air conditioner sadly succumbed to an injury this past Friday. It was only a year and a week old. Being as "cold" as I am, no pun intended I wiped away my fake tears with the knowledge that my home builder provided me with a home warranty that covered systems for 2 years. What I didn't know was that this warranty only included one type of injury to air conditioners, and that was if it leaked...