Charlotte Mortgages

100% financing is available upto $417,000 for Charlotte, NC!

Myers Park Mortgage is still offering 100% fianancing in the Charlotte Market.  Many have discontinued all 100% financing products and most lenders are only offering 95% financing now.  Although the market has changed, there are still 100% financing options available to well-qualified buyers.The 100% options we offer are for fixed rate loans.  These loans have no pre-payment penalties and no hidden costs.  We can provide you an accurate Good Faith Estimate of all settlement costs free of charge!  Call Olan Carder today at 980-721-7478 if you are interested in learning more about 100% financing options for homes in the Charlotte Metro Area.  

FHA loans are changing the minimum down payment requirement and it is effective Jan. 1st, 2009.

If you want to buy a home in Charlotte, NC, and you don’t want to put a lot of money down, you need to apply for a FHA loan now.  You can get pre-approved and shop for a home and as long as your lender requests your FHA assigned case-number before the end of the year you can still put only 3% into the deal.

The new rule is 3.5% down, but the impact will actually be 1.25%… let me explain.

Current FHA rules state that a homebuyer must put 3% into the transaction, but does not require 3% down.  The buyer can pay .75% in closing costs and 2.25% in down payment.  Why is this important?  Let’s look at an example:

$125,000 Purchase Price

                                             Current FHA                                          NEW FHA
Down Payment:                      $2812.00                                           $4,375.00
Closing Costs:                          $937.50                                              $937.50
Total Out of Pocket:             $3749.00                                          $5,312

That’s a difference of $1,563.00 assuming the seller pays the rest of the closing costs.  That is a big difference!!  If you want to buy a home, move on it now.  Don’t wait until the end of the year because it might just cost you more money!

HUD’s Good Neighbor Next Door Program allows Charlotte’s Police Officers, Teachers and Firefighters/EMT’s to buy homes at HUGE discounts!

If you are a Law Enforcement Officer, Teacher, Firefighter or EMT you might qualify to buy a house for half price!  That’s right, I said HALF PRICE!!  Let me explain how this wonderful program works…

#1.  Give me a call to get pre-qualified within minutes!

#2.  We notify your Realtor about the program and they pull the list of available homes in your area.

#3.  You find a home you like and submit an offer.

#4.  You only have to finance 1/2 the price of the home + Realtor comission and closing costs.  You can pay the commission and costs out of pocket of course, but no one does.

#5.  You live in the home for at least 3 years.

#6.  You only owe about 1/2 what your home is worth and its all yours!!

If you have $100 you have enough cash to buy a house!  The U.S. government has decided to help you because of the honorable and vital career you have chosen… don’t miss out on this great offer!! 

Call Olan Carder today at 980-721-7478 for a complimentary pre-qualification.   As a HUD approved direct lender, we can have your loan pre-approved in minutes!

Charlotte, NC is one of the safest places in the U.S. to buy a home and banks are still making new loans!

My clients keep calling me asking if they are still closing!!  The answer is a resounding YES!  I have not heard of ANY Charlotte NC mortgage lenders that have stopped funding their loans.  That doesn’t mean that it is not happening and we all know of the many lenders that have shut their doors, but there are plenty of local lenders that are going strong!

IF you would like to move to Charlotte, or you live here and want to own a home… DO NOT hesitate because of what’s in the news!  Rates are low (around 6.00% for 30 Year Fixed) and buying a home has not become very difficult.  You can still get an FHA loan with only 3% down payment.  The House Charlotte program is still getting folks in the door with zero down.  VA loans are available for veterans and offer zero down payment upto $417,000. 

The Charlotte housing market is strong.  Prices have not been dropping and a recent PMI study showed this market poses almost no risk of price decline in the near future. 

CALL ME TODAY at 980-721-7478 for….

• Complimentary Pre-Approval
• Credit Review
• Market Rates and Quotes
• Information about first time homebuyer programs!

How you can get pre-approved to buy Charlotte Real Estate fast!

I talk with potential homebuyers almost every week that want information, but do not want to have their credit report pulled.  Many buyers shop for a new home without ever even speaking to a lender about how much they can afford.  This can lead to great disappointment because a lender can’t really tell you what you qualify for without pulling the credit and asking all the right questions.  If you are thinking about buying Charlotte Real Estate, this is where you should START.

PRE-Qualification vs PRE-Approval
Pre-qualification means you have spoken with a loan officer and had your credit report pulled.  Typically the loan officer issues a letter stating how much you qualify to borrow for a home loan.  This option is very quick and hassle free.  Most lenders don’t charge for the credit report and can issue a pre-qual letter in less than an hour.  The problem is that no income or asset documents have been checked and because of that many sellers and Realtors do not trust a pre-qual letter.

Pre-approval is better than pre-qualification.  Pre-approval means your loan officer has verified your income and assets, and has submitted your loan application to an automated underwriting service for approval.  Conventional and Government insured loans can all be ran through a computer underwriter for instant approval.  Pre-approvals are a lot more thorough than pre-qualifications so sellers and Realtors have more confidence in them.  This gives you (the buyer) more negotiating power because the seller knows you are willing and “ABLE” to buy!

Myers Park Mortgage is a HUD approved lender that offers FHA and VA (Veteran) loans, conventional and Jumbo loans for Charlotte area real estate.  We lend in NC, SC, TN, VA, GA, and IN, but specialize in the Charlotte Metro. (Lake Norman, Concord, Harrisburg, Matthews, Mint Hill, Pineville, Monroe, Fort Mill, Lake Wylie, Gastonia)

Call today for a FREE Pre-Approval at 980-721-7478 or APPLY ONLINE.