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FHA Increases Mortgage Loan Limits for Charlotte, North Carolina
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.
PreQualification vs. PreApproval: What’s the Difference?
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
9 Money-Saving Tips that Grandma Never Told You About
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9 Money-Saving Tips That Grandma Never Told You About
Like stuffing your fridge (really!) Read
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House Charlotte: New Loan Limit Increases
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.