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Financing in Concord : Real Estate Advice

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  • Local Info13
  • Home Buying38
  • Home Selling4
  • Market Conditions7

Activity 5
Kristen Hous…, Real Estate Pro in Charlotte, NC
Fri Nov 21, 2014
Kristen Houston answered:
The answer greatly depends on which lender you choose and the type of financing you will be using. In NC there are several down payment assistance programs that you may qualify for depending upon your particular situation.

One great option for home buyers in our area is USDA rural development loans which do not require a down payment and are only restricted by geographic location.

I wish you luck in your home buying process, and feel free to reach out if you have any questions!
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Heather Hopk…, Real Estate Pro in Concord, NC
Sun Jan 29, 2012
Heather Hopkinson answered:
Feel free to email me the property addresses and I am happy to research these properties you to see if there are any options. Unfortunately, you will have to meet the same or similar requirements for the loan mod as you will or a short sale. You may have better luck modifying the second loan. My email address is: Heather@HeatherHopkinson.com
I am happy to try and help any way I can!
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Daniel Fisher, Real Estate Pro in Charlotte, NC
Tue Aug 23, 2011
Daniel Fisher answered:
Hi, again, TicTac.
The FHA PLUS zero down FHA loan that Chris is talking about is similar to some programs offered by the North Carolina Housing Finance Agency (www.NCHFA.org) .
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Andrew Luett, Real Estate Pro in Chicago, IL
Sat Jan 29, 2011
Andrew Luett answered:
My opinion (regardless of the loan program) is that one should never go directly through Wells Fargo (or any lending institution that size) because of the amount red tape and lack of customer service.

Based on your explanation of the situation, it wouldn't surprise me if the Wells Fargo loan officer you're dealing with never locked your rate in when they said they did (hence, the excuses & extra conditions). Mortgage Rates spiked relatively quickley at the end of November & throughout the month of Decemeber (right around time you were in the approval process).

Regards,
Andrew
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