New NC Program Helps Greensboro Area Home Buyers with Down Payments

dwn pmt squareNC home buyers who qualify for government backed loans like FHA, VA and USDA can now likely also qualify for financial help with their down payment.  A new program sponsored by The NC Housing Finance Agency (a self-supporting state agency) provides down payment help up to 3% of the value of the home being purchased.  Have you heard anyone saying lately that they would love to buy a home but they can’t afford the down payment?  This program could be the answer they have been looking for.  This program helps qualified buyers purchase a home using an FHA loan and pay only 0.5% down instead of the normal 3.5% down.  For a $150,000 home, this saves the buyer $4500 in down payment expenses and the program is streamlined to ensure it does not cause delays in closing.

To learn more you can click here to view the NC Housing Finance Agency web site.  I’m also happy to answer questions and put potential home buyers in touch with local home loan professionals approved to use this program.  I can be reached at 336-298-2026 or by using the form below:

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Greensboro Science Center deemed a “Magnetic Museum”

Here’s a great feather in Greensboro’s cap.  A new book coming out called MAGNETIC:  The art and Science of Engagement has singled out the Greensboro Science Center as being one of 6 museums nationwide to be featured as examples in the text.  This puts our Science Museum in the company of institutions like the Chrysler Museum of Art and the Franklin Institute.  Click here for full article.

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Home Prices Post Solid Growth, Largest since August 2006

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If you’ve been waiting for real estate prices to bottom out in Greensboro before you purchase, it’s looking like you may have waited to long.  According to data collected nationwide by Corelogic’s Home Price Index, prices rose 3.8% from a year ago July based on MLS data from the 100 largest markets in the country.  Not every market rose of course, but more and more are beginning to show signs of life.  In fact prices in the Greensboro Triad area have leveled out to the point that home buyers should not expect drastic reductions moving forward.  We’re either at the bottom or we’re pretty darn close.  Read the full article at Good Signs for Home Values in Greensboro.

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7 Easy Steps to Home Ownership Series: Video 6, Closing

This is the part of the process that ties everything together.  At this point a buyer has mentally moved in already, and this is the last step to wrapping up the purchase of your new home.  There is lots of paperwork to go over, and you real estate agent, closing attorney, and mortgage lender are available to answer any questions or clarify any details.

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