FHA Loan North Wilkesboro NC

Recently, the most popular mortgage product for homebuyers has been the FHA loan. As part of the Economic Stimulus Act of 2008, Congress raised the FHA loan limits so that they are viable for purchasing a moderate home in high cost areas like California and Hawaii.

Local Companies

State Employees' Benefits (North Carolina)
800-650-4776
Regional Office
Wilkesboro, NC
Welcome Finance Company
(336) 838-3152
306 9th St
North Wilkesboro, NC
Allied Financial Services
(336) 838-9703
419 Main St
North Wilkesboro, NC
Security Financial Services
(336) 838-9404
308 Wilkesboro Ave
North Wilkesboro, NC
Wachovia
(336) 651-5993
211 Elkin Hwy
North Wilkesboro, NC
Bank of America
(336) 838-6080
200 Main St
North Wilkesboro, NC
Wachovia
(336) 651-6000
1899 US Highway 421 Busin
North Wilkesboro, NC
Quality Finance Co Inc
(919) 934-1111
721 N Brightleaf Blvd Ste 10A
Smithfield, NC
Carolina Farm Credit
(336) 599-0141
607 Leasburg Rd
Roxboro, NC
Beneficial Mortgage Co of North Carolina
(252) 332-4172
232 Main St E
Ahoskie, NC

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Recently, the most popular mortgage product for homebuyers has been the FHA loan. As part of the Economic Stimulus Act of 2008, Congress raised the FHA loan limits so that they are viable for purchasing a moderate home in high cost areas like California and Hawaii. No longer are FHA loans just for low income families that can't otherwise afford a home.

The greatest part of all is homeowners that do not want to move can still reap the benefits of these changes with an FHA refinance. Like any conventional refinance, this allows a savvy homeowner to tap the equity that he or she has built up in a property from principal pay down and appreciation.

Proceeds from paying off your previous mortgage can be used in any way the owner likes. Of course, the smartest would be to invest this money either back into the house or in some other way. In many cases, it's smart to pull some cash out to update a house in order to increase the value. If the remodeling is done in the right areas of the house it would be possible to profit by doing nothing! Technically, it wouldn't be "nothing" but one could refinance his or her home, use those proceeds to hire out the work and increase the value by more than was spent.

FHA Refinance Requirements

  • Owner must have owned and lived in home for 12 months..

  • Owner must have good credit and timely payments for 12 months.

  • All borrower’s credit must qualify.

  • Loan amounts must be below the maximum for that area.

Click here to read article at HomeConstructionImprovement.Com

Featured Local Company

State Employees' Benefits (North Carolina)

800-650-4776
Regional Office
Wilkesboro, NC

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