Eleanor's RTP Blog

With all of the “deals” we are hearing about these days, I guess it’s not surprising that people are finding homes with large tracts of land associated with them.  In general, the ratio of “land value” versus “home value” needs to be less than 30%.  This goes for FHA loans, VA loans – Convention...

Disabled veterans  have some special benefits when it comes to getting a VA loan… and, you have a special place in our hearts.   We so appreciate your service, and we want to help you maximize your disability benefits so that it’s easier to close on your new home in North Carolina! While it is tr...

We just received this update – The Senate passed the USDA Bill, the House needs to include Grandfather language in order for the Maps to remain in place through next May. Most loan officers are not familiar with the USDA Loan Program – which is a shame, because it’s one of the best No Money Down ...

Most people who think about No Money Down Home Loans - think of USDA Home Loans.  It's a great program, and because of the demand... it's getting back logged in NC.  Great News!  There are OTHER options if you are looking for a mortgage that doesn't require ten's of thousands of dollars in down p...

We have a ton of inquires from folks who start the conversation with... "I want to buy a home in NC, but..."  often times we find that what's holding them back is CASH in their back pocket.  With the rough times of the past few years, it's not surprising that fewer parents have the extra cash to ...

USDA is quickly becoming one of the Country’s most popular mortgage loan programs, and with that, the USDA Rural Development Offices are getting backlogged!  In the past 2 months, NC went to a “Centralized” Underwriting Process for these loans… and we are sometimes seeing 2 week turn times with U...

We talked to a Veteran today who wants to buy a house, First Time Home Buyer, who was referred to a “Credit Repair Company” a couple of years ago (a well known, National Law firm)… they, of course, disputed EVERYTHING on his credit report.  They also suggested that he obtain a Secured Credit Card...

Several of the agents we work with currently have listings for horse farms in North Carolina.  Financing these properties can offer unique challenges. Our daughter rides, and so we understand the unique challenges of finding the right “home” (barn). When you’re financing a farm, the first thing w...

Twenty-one communities in North Carolina who are currently eligible to receive USDA Home Loans could LOOSE that aid starting October 1, 2012.  My daddy always says that we “Get Rural Fast” in North Carolina… one minute you can be neighborhood after neighborhood, and 20 minutes later you are in th...

There’s a new FHA Streamline Refinance program coming on June 11, 2012 and lots of people are interested in it!  It has a new “tier” for the FHA PMI rates – that is much lower than the current rates!  Of course, FHA doesn’t actually make loans, they just insure the Lender against default.  Becaus...