It’s Official: Home Buyers can now qualify for more home. The New FHA loan limits for 2021 have increased for the Charlotte Mecklenburg area to $356,362. This is great news considering new construction homes in Charlotte NC. and surrounding counties are averaging a starting price of $300,000. So, if you are planning on purchasing a home this year, now is another excellent reason why you should act now. Jackson Erwin Realty has access to knowledgeable, mortgage professionals and down-payment assistant programs to help you succeed in the purchase of your new home. Give us a call today.
The Federal Housing Administration (FHA) has increased new loan limits for Charlotte North Carolina to $317,400–providing buyers more opportunities for homeownership. The FHA mortgage program is an excellent way to buy a home with low down-payment options & substantial savings.
One of the greatest misconceptions people have regarding the home buying process is the difference between a PreQualification and a PreApproval. Many people use the two terms interchangeably, however the meaning of the words are completely different and produce completely different results…https://jerwinhomes.com/prequalification-vs-preapproval
Beginning January 1, 2018 the City of Charlotte will increase the home purchase price limits for it’s House Charlotte Down Payment Assistance Program. The new limits will consist of:
- New Home Construction: new purchase price maximum is $224,000
- for Pre-Existing Homes: new purchase price maxmimum is $193,000
The new increase in the home purchase price limit is well received throughout the real estate community, as home prices have surged significantly in the Charlotte, NC. region. Currently, the average home sales price in Charlotte NC. is well over $210,000. With these new limits, many homeowners will have a much better opportunity to purchase a home in this current, competitive market.