NCHFA Home Advantage Loans

Are you putting off buying a home because you think you need to save up more money?  Well you might not have to wait as long as you think!  Fairway is proud to offer NCHFA Home Advantage loans with down payment assistance that you can use to buy a home in Charlotte!  You can actually use this program to […] Read more »

Charlotte Mortgage Rates Remain LOW!

Mortgage rates have been on a pretty good run this year, to say the least!  Many people have taken advantage of these low rates to move up to their dream home or refinance their existing mortgages.  If you haven’t made any moves this year, don’t worry… Charlotte mortgage rates are still VERY low! Mortgage rates […] Read more »

FHA Lowering Loan Limits in Charlotte NC

FHA is lowering existing loan limits for single family housing in Charlotte MSA from $303,750 to $271,050.  This change is set to go into effect on October 1st, 2011.  Although I am not happy about the change I seriously doubt it will have any real impact on the local housing market and here’s why… Read more »

FHA Mortgage Insurance Chart

FHA MIP CHART

FHA charges every borrower a mortgage insurance premium for their endorsement of the loan for the lender.  FHA does not lend money directly to the homebuyer, instead the FHA or Federal Housing Administration offers approved lenders coverage against the chance a borrower defaults on their loan.  Basically you are paying the Federal Government an insurance […] Read more »

Charlotte FHA Loans

Charlotte FHA mortgages

Are you interested in buying a home in Charlotte, NC?  Charlotte Real Estate is available at incredible prices and you don’t need a huge down payment to buy.  FHA’s 203(b) program allows you to buy a home in the Charlotte Metro Area for only 3.5% down!  FHA also allows the seller to cover your closing […] Read more »