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.
Congratulations to the Queen City’s very own Harding University High School Varsity Football Team for securing the title as the 2017 4A State Football Champions! On Saturday, December 9th 2017, the Harding Rams defeated Scotland County, 30-22 in the NCHSAA’s Football 4A Title Game. A victory well deserved!